Post Office Savings: While the government provides financial help to the people, many savings schemes are also being run for the people.
Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.
Many schemes are being run by the government for the welfare of the people. In these schemes, the government gives financial help to the people, while many savings schemes are also being run for the people. Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.
Sukanya Samriddhi Yojana
Actually, we are talking about the Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana) being run through the post office. This scheme is specially run for daughters. Sukanya Samriddhi Yojana is operated through the post office. Anyone can open Sukanya Samriddhi account in the post office in the name of his daughter. Interest is available at the rate of 7.6 percent on this investment scheme. At the same time, lakhs of rupees can be made through this scheme even with small savings.
Sukanya Samriddhi Yojana Benefits
An account can be opened in the name of a girl child below the age of 10 years through a guardian.
Only one account can be opened in the name of a girl child in any post office or any bank in India.
– This account can be opened for a maximum of two girls in a family. Provided that in case of birth of twin/triple girl child, more than two accounts may be opened.
– Account can be opened with a minimum initial deposit of Rs.250 in a financial year.
– Lump sum or installments ranging from Rs 250 to Rs 1.50 lakh can be deposited in the account in a financial year. The amount to be deposited should be in multiples of Rs.50.
– Amount can be deposited in it till the completion of maximum 15 years from the date of opening of the account.
– If minimum Rs 250 is not deposited in an account in a financial year, the account will be treated as default account.
– The amount deposited in this account is eligible for deduction under section 80C of the Income Tax Act.
– Interest will be credited to the account at the end of each financial year.
– The interest earned is tax free under the Income Tax Act.
– The account will be operated by the guardian till the girl child attains majority (i.e. 18 years).
– Withdrawal can be made from the account after the girl child attains the age of 18 years or passes 10th standard.
– Withdrawal can be made up to 50% of the balance available at the end of the previous financial year.
Withdrawal can be made in lump sum or in installments.
Apart from this, the account matures after 21 years from the date of account opening or at the time of marriage of the girl child after attaining the age of 18 years.
However, in some circumstances, premature closure can also be done after 5 years of opening the account.
