Do you have a girl child? Do you have a Sukanya Samridhi Yojana for her? If yes, that’s great & appreciable. And, if not, then there is an information for you. Now, the minimum deposit reduces to Rs.250 in Sukanya Samridhi Yojana. Earlier the minimum deposit was Rs.1000.00. Reduction in minimum deposit will let you take advantage of the girl child savings scheme. So, go ahead, grab the opportunity.
Minimum Deposit Reduces to Rs.250 in Sukanya Samriddhi Yojana:
There are few amendments in Sukanya Samriddhi Account Rules 2016. Now, you can open Sukanya Samriddhi Account with an initial deposit of Rs. 250.00 instead of Rs.1000.00.
Though initially, it was a great success to start Sukanya Samriddhi Account Scheme. However, ever since the interest rate on Sukanya Samriddhi account is revised, the less number of accounts are opening as compared to the initial phase.
The current interest rate on Sukanya Samriddhi Account 8.1% per annum.
An overview of Sukanya Samriddhi Account:
Under the Sukanya Samriddhi Yojana, you as a parent or legal guardian can open an account on you girl child’s name. And, you will handle the account until she attains the age of 10 years. You can open the account in any post office branch and designated public sector banks.
Earlier, you could have taken tax benefit under section 80C of Income Tax Act, only on the deposits amount i.e INR 1,50,000.00. However, now, you can avail tax benefit on the interest amount as well as deposit amount. Only if, you withdraw the fund after maturity. So, it’s like PPF Account tax benefits. These changes are effective from April 1, 2015.
The minimum deposit which you will deposit per year is Rs.250.00 and the maximum amount is Rs.1.50 Lakhs. You can deposit the amount in any number of deposits either in a month or a financial year.
Sukanya Samriddhi Account is valid for 21 years from the date of opening. After which account will mature; and, the account holder girl child will get the money. You can deposit amount up to 14 years from the date of account opening. After 14 years, the account will only earn interest as per the applicable rate of interest.
Sukanya Samriddhi Account is a Girl Child Prosperity Account. Prime Minister Narendra Modi took this initiative as a part of Beti Bachao, Beti Padhao Campaign. It is very much needed in our country. This is a boon for the Indian Parents, as they can create a fund for the future education and marriage expenses for their girl child. This is another step from the government towards the prosperity of your girl child i.e. Minimum Deposit Reduces to Rs.250 in Sukanya Samriddhi Yojana. This is a campaign to stand with.