Sukanya Samriddhi Yojana: There is going to be a big change in the rules of Sukanya Samriddhi Yojana (SSY) from October 1, 2024. Under the new rule, if there are more than two accounts, then the additional account will be closed.
Sukanya Samriddhi Yojana: There is going to be a big change in the rules of Sukanya Samriddhi Yojana (SSY) from October 1, 2024. Under the new rule, if there are more than two accounts, then the additional account will be closed. Let us tell you that the purpose of these rules is to correct the discrepancies in opening the account. Under the rules, now accounts that were not opened by legal parents or natural parents will have to undergo mandatory transfer of guardianship to comply with the basic guidelines of the scheme. Let us tell you that earlier it was common for grandparents to open Sukanya accounts for their granddaughters as a sign of financial security. However, the scheme mandates that only legal guardians or natural parents can open and manage these accounts.
What is the scheme
Sukanya Samriddhi account can be opened in any post office or authorized bank branch. This account can be opened at the time of birth of the daughter or till the age of 10 years. At the time of opening the account, a minimum of Rs 1000 and a maximum of Rs 1.5 lakh have to be deposited in a financial year. Let us tell you that this is a government scheme. This scheme was started under the Beti Bachao, Beti Padhao campaign of the Modi government. Currently, the interest rate of Sukanya Samriddhi Yojana is 8.20%. Let us tell you that you can open a Sukanya account with a minimum amount of just Rs 250. The account will mature after completion of a period of 21 years from the date of opening.
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Documents required to open an account
Acceptable identity proofs for parents or guardians include Aadhaar card, PAN card, passport, voter ID card or any other government issued identity document. These documents are necessary to prove the identity of the person opening the account.
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