SSY Scheme Rules Changed: Alert! Big changes have happened in Sukanya Samriddhi Yojana, check details before investing

Large funds can be collected by investing in this scheme for the higher education of daughters, marriage etc. Now the Modi government has made many important changes in this investment scheme to connect more and more people. By investing in Sukanya Samriddhi Yojana, your daughter can become a millionaire when she turns 21.

New Delhi. To secure the future of daughters, investment in Sukanya Samriddhi Yojana is a better option. Large funds can be collected by investing in this scheme for the higher education of daughters, marriage etc. Now the Modi government has made many important changes in this investment scheme to connect more and more people.

To make the future of daughters bright, by investing in this scheme, your daughter can become a millionaire when she turns 21. If you also want to invest in this scheme or want to do it, then it is very important for you to know these changes before that.

What are the changes

1. Parents who invest in Sukanya Samriddhi Yojana were earlier exempted from income tax on the account of 2 daughters only. Now the exemption has been implemented for the third daughter by changing it. This is a big relief for those people who used to have twin daughters for the second time after having the first daughter.
2. Similarly, the account holder daughter could operate her account only after the age of 10 years earlier. But now she will be able to do this only after completing 18 years of age. Only the parents or guardians of the daughter will be able to operate the account till she completes 18 years.
3. The first rule was that if at least Rs 250 was not deposited in this account every year, then the account would have defaulted. But now this will not happen. Interest will be paid on the amount deposited till maturity.
4. The account of this scheme could be closed if the daughter passed away before maturity or changed her address. But now the account can be closed even if the daughter gets some fatal disease. Even if the parent passes away, the account can be closed earlier.
5. At present, 7.6 percent interest is available in Sukanya Samriddhi Yojana. The account of this scheme can be opened in the post office or bank. Those investing in it get income tax exemption of up to Rs 1.50 lakh annually.