Sukanya Samriddhi Yojana is a scheme launched by the Central Government in 2015 as a part of the Beti Bachao Beti Padhao campaign. Through this scheme, the government provides the facility to parents to save to make the future of their daughters bright.
The interest rates of Sukanya Samriddhi Yojana (SSY) have been increased once again. Now in this scheme, instead of 8 percent, interest will be given at the rate of 8.2 percent. This interest is quite good compared to many other schemes.
If your daughter is up to 10 years of age, you can deposit money in this scheme in her name. In this scheme you can deposit Rs 250 to Rs 1.5 lakh annually. In this, investment has to be made continuously for 15 years and after 21 years the deposited amount is received with maturity.
If you also deposit Rs 5,000 every month in SSY, then you will deposit a total of Rs 60,000 in a year. In this way, you will invest a total of Rs 9,00,000 in 15 years. According to SSY Calculator, at 8.2 percent interest, after 21 years you will get the maturity amount of Rs 28,72,848.
Eligibility for Sukanya Samriddhi Yojana
- Sukanya Samriddhi Yojana account can be opened only by parents or legal guardians in the name of the girl child.
- The age of the girl child should be less than 10 years at the time of opening the account.
- Under Sukanya Samriddhi Yojana, a family will be allowed to open only two accounts.
- More than one Sukanya Samriddhi account cannot be opened for a girl child.
- Only in case of two girls having twin daughters for the second time after having a daughter for the first time, an account of three daughters can be opened.
How to apply under Sukanya Samriddhi Yojana 2024?
- To open an account under Sukanya Samriddhi Yojana, first of all you have to go to your nearest post office or any bank branch.
- By going there you will have to get the application form for investing under Sukanya Samriddhi Yojana.
- After this, you will have to enter the information of the parents/guardian who will open the account and invest on behalf of the girl child.
- After entering all the information, you will have to attach the form with copies of the required documents.
- After completing all the process, you will have to submit this application form along with the premium amount to the post office or bank.
- In this way you can apply under Sukanya Samriddhi Yojana.
