Sukanya Samriddhi Yojana: This is a government scheme started for daughters. Depositing money in this scheme is giving returns at the rate of 7.6 percent. In this account can be opened in the name of not only two but three daughters.
Sukanya Samriddhi Yojana: The Modi government of the Center is running Sukanya Samriddhi Yojana (SSY) for the bright future of the daughters. Investing in Sukanya Samriddhi Yojana is a better option.
Under which, by opening a Sukanya account in the name of the daughter and depositing money in it every year, one gets the benefit of lump sum amount in future. Large funds can be collected by investing in this scheme for the higher education of daughters, marriage etc. This is a scheme giving higher returns than FD of the bank.
If you also want to invest for your daughter’s marriage or higher education, then investing in Sukanya Samriddhi Yojana can prove to be better for you. There is no risk involved in investing in SSY. By investing in this scheme, you can save the future of your daughters. This scheme gives a return of 7.6%. Now under the Sukanya Samridhi Yojana, three daughters will be able to get the benefit of this scheme.
Account can be opened in the name of three daughters
Under Sukanya Samriddhi Yojana, accounts of only two daughters are opened under the same family. But if twin daughters are born in a family, then under this scheme account can be opened for three daughters instead of two. After 18 years in whose name the account is held. He can withdraw money during his studies and in need.
The parents investing in this scheme were earlier exempted from income tax on the account of two daughters only. Now the exemption has been implemented for the third daughter by changing it.
When can I withdraw money?
This scheme will mature when the daughter turns 21. The money deposited in it cannot be withdrawn till the girl child turns 18. Even after 18 years, only 50% of the total amount can be withdrawn from this scheme. Full money will be given when the daughter turns 21. Money can be received in a lump sum or in installments. You will get money only once in a year. You can take money in installments for a maximum period of five years.
Can SSY account be closed?
If the account holder dies in Sukanya Samriddhi Yojana, then the account can be closed by showing the death certificate. After this, the amount deposited in the Sukanya Samriddhi Yojana account can be given back to the guardian of the girl child along with interest.
In other cases, the SSY account can be closed after five years from the date of opening. This can also be done in many circumstances. For example, it can be closed in case of life threatening diseases. Even after this, if the account is being closed for any other reason, then it can be allowed, but the interest on it will be according to the savings account.
