The interest rates of Sukanya samriddhi yojana are higher than bank FDs and give better returns than other small savings schemes. Currently, 7.6 percent annual interest is being given in SSY.
New Delhi. The central government runs many small savings schemes. Many people of the country invest money in these schemes because where the money is safe in them, the returns are also good. Small savings schemes are very useful for those people who invest a little money and make a good fund for the future. want to make. These are the people who cannot invest lump sum amount. If you also want to invest for your daughter’s marriage or higher education, then you should invest in Sukanya Samriddhi Yojana (SSY).
The interest rates of Sukanya Samriddhi Yojana are higher than bank FDs and give better returns than other small savings schemes. Currently, 7.6 percent annual interest is being given in SSY. The government has made many important changes in this scheme.
Now the account of three daughters will also be opened
Till now, in the Sukanya Samriddhi Yojana, the benefit of tax exemption under section 80C of the Income Tax Act was available only on the accounts of two daughters. There was no tax exemption in case of having a third daughter. But now the government has announced tax exemption on the account of the third daughter by changing the rules. If one daughter is followed by two twin daughters, then accounts can be opened for both of them as well. Means money can be deposited in the name of three daughters simultaneously and tax exemption can be claimed on it;
Interest will continue to accrue
In Sukanya Samriddhi Yojana, a minimum amount of Rs 250 and a maximum of Rs 1.5 lakh can be deposited annually. If the minimum amount is not deposited in the year, the account becomes default. Earlier, if the account defaulted, interest was not available till the account was not activated again. But now the rules have been changed. Now even if the account is not active again, interest will continue to accrue on the amount deposited in the account at the applicable rate till maturity.
Sukanya Samriddhi Yojana account holders daughter could operate her account on completion of 10 years of age. But now the daughter will get the right to manage the account only after she attains 18 years of age. Earlier, the guardian of the daughter can operate this account.
Changes in account closure rules
Earlier the rule was that Sukanya Samriddhi Yojana could be closed on the death of the daughter or change of address. Now this has also been changed. Now the account can be closed even if the account holder gets a life-threatening illness. Not only this, if the guardian dies, then the account can be closed before maturity.
