Let us tell you that there is no risk in investing in Sukanya Samriddhi Yojana ie SSY. By investing in this scheme, you can improve the future of your daughters. This scheme gives a return of 7.6%. Now under the Sukanya Samriddhi Yojana, three daughters will be able to get the benefit of this scheme.
New Delhi. Sukanya Samriddhi Yojana is a good investment option. This scheme was started in the year 2015. This scheme is a small savings scheme of the Central Government for daughters. Which has been launched under the Beti Bachao-Beti Padhao scheme. The Modi government at the center is running Sukanya Samriddhi Yojana SSY for the bright future of daughters. Under this, on opening Sukanya account in the name of daughter and depositing money in it every year, one gets the benefit of a lump sum amount in future.
Sukanya is the best interest rate scheme in small savings scheme. Sukanya Samriddhi Yojana gives you an opportunity to earn handsome returns. Huge funds can be collected by investing in this scheme for higher education, marriage etc of daughters. This is a scheme that gives more returns than FD of the bank. By investing in this scheme, you will be sure about your daughter’s higher education, career and marriage. Investing in it can be a better option for you.
Accounts can be opened in the names of three daughters
Under Sukanya Samriddhi Yojana, the account of only two daughters of the same family is opened. But if twin daughters are born in a family, then under this scheme three accounts can be opened for daughters instead of two. After 18 years, in whose name the account is opened, they can withdraw money for their studies and at the time of need. The parents investing in this scheme used to get exemption from income tax only on the account of 2 daughters. But now it has been changed and the exemption has been implemented for the third daughter as well.
Know, when can you withdraw money?
Under Sukanya Samriddhi Yojana, this scheme will mature when your daughter turns 21 years old. At the same time, the money deposited in this scheme cannot be withdrawn until the girl child turns 18. Even after 18 years, only 50 percent of the total amount can be withdrawn from this scheme. The full money of the scheme will be available only after the daughter turns 21. In this, you can get the money in lump sum or in installments. In this scheme, money will be available only once in a year. At the same time, you can take money in installments for a maximum of five years.
Can SSY account be closed?
If the account holder dies in Sukanya Samriddhi Yojana, then the account can be closed by showing the death certificate. After this, the amount deposited in the Sukanya Samriddhi Yojana account is given back to the guardian of the girl child along with interest. In other cases, the SSY account can be closed after five years from its opening. This can also be done under many circumstances. For example, it can be discontinued in case of life-threatening diseases. Even after this, if the account is being closed for any other reason, then it can be allowed, but you will get interest on it according to the savings account.
