The Government of India launched the Sukanya Samriddhi Yojana to brighten the future of the country’s daughters. This scheme was introduced under the “Beti Bachao Beti Padhao” campaign. Parents can start saving for their daughters’ bright future from an early age.
Under this scheme, parents can invest for their daughters’ education and marriage. The policy matures when the daughter reaches the age of 21. Therefore, Sukanya Samriddhi Yojana is a beneficial scheme offering various advantages to parents.
Sukanya Samriddhi Yojana 2024
Sukanya Samriddhi Yojana is a savings scheme designed for the country’s girls. Parents investing in this scheme can accumulate funds for their daughter’s education and marriage. This ensures that even families from poor and middle-class backgrounds can save money for their daughters’ future.
A Sukanya Samriddhi Account can be opened for any girl child until she turns 10 years old. It is important to note that only one savings account can be opened in the name of each girl child. The minimum deposit to start an account is ₹250, while the maximum amount that can be invested is ₹1.5 lakh per year.
Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) offers several benefits, such as:
- High interest rates on the invested amount.
- No income tax payment on the income earned from this investment.
- Long-term investment options, allowing significant savings over time.
- This is a risk-free scheme backed by the government.
- Parents can save efficiently for their daughter’s education and marriage.
- Investment can be made for up to 15 years under this scheme.
Eligibility Criteria for Sukanya Samriddhi Yojana 2024
To apply for the Sukanya Samriddhi Yojana, you must meet the following eligibility conditions:
- The account can only be opened by the parents or legal guardians of the girl child.
- The account must be opened before the girl turns 10 years old.
- You can deposit funds according to your financial capacity, with a minimum of ₹250 and a maximum of ₹1.5 lakh per year.
- If there are two daughters in your family, you can open accounts for both.
Essential Documents for Sukanya Samriddhi Yojana 2024
If you wish to open an account under the Sukanya Samriddhi Yojana for your daughter, you will need the following documents:
- Birth certificate of the girl child
- Identification proof of the parents or legal guardians
- Proof of guardianship or parental status
- Voter ID card
- Aadhaar card
- PAN card
- The girl’s age should not exceed 10 years
Deposit Rules
| Aspect | Description |
|---|---|
| Minimum Annual Deposit | ₹250 |
| Maximum Annual Deposit | ₹1.5 lakh |
| Deposit Tenure | Up to 21 years or until maturity |
| Contribution Requirement | Annual deposits are compulsory |
How to apply for Sukanya Samriddhi Account
If you want to start an investment account for your daughter under the Sukanya Samriddhi Yojana, follow the steps below to fill and submit the application form:
- Visit your nearest post office or bank.
- Meet the concerned officer and obtain the application form for the scheme.
- Fill in the required details on the form accurately.
- Attach the photocopies of all the necessary documents with the form.
- Submit the completed form along with the minimum deposit of ₹250 at the bank or post office.
- With this you can start a beneficial savings plan for your daughter’s future.
