SSY: If you also want to open an account in Sukanya Samriddhi Yojana, then it is important to know all the rules related to it first.
Today we are going to tell you about such a government scheme where you can add a huge amount by investing very little money. The name of this government scheme is Sukanya Samriddhi Yojana (SSY). With this scheme, you can not only secure the future of your beloved, but by investing money in this great investment option, it also helps you save income tax. So let’s know everything about it…
What is Sukanya Samriddhi Yojana Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the central government for daughters, which has been launched under the Beti Bachao Beti Padhao scheme. Sukanya is the best interest rate scheme in small savings scheme.
How to open account:
Under Sukanya Samriddhi Yojana, the account can be opened in any authorized branch of any post office or commercial branch. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250. In the current financial year, a maximum amount of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana.
These documents have to be given:
To open an account under Sukanya Samriddhi Yojana, you will have to submit the birth certificate of your daughter in the post office or bank along with the form. Apart from this, the identity card (PAN card, ration card, driving license, passport) of the child and the parents and the proof of where they are residing (passport, ration card, electricity bill, telephone bill, water bill) will have to be submitted.
For how long the account can be operated:
After opening the Sukanya Samriddhi Yojana account, it can be run till the girl child attains the age of 21 years or till she gets married after the age of 18 years.
What is the penalty for non-deposit of amount:
If a minimum deposit of Rs 250 is not made every year, the account will be closed and can be revived with a penalty of Rs 50 per annum along with the minimum amount required to be deposited for that year. Reactivation can happen up to 15 years from the date of account opening.
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