Sukanya Samriddhi Scheme

 

Sukanya Samriddhi Scheme


Introduction

*    ‘Sukanya Samriddhi Yojna’ is a small deposit scheme for girl child, launched as a part of the ‘Beti Bachao Beti Padhao’ campaign, which would fetch an attractive interest rate and provide income tax rebate.

Benefits

*    Interest rate on deposts : 8.40% w.e.f 1st Oct, 2019). Compounded annually with option for monthly interest pay-outs to be calculated on balance in completed thousands.

Eligibility

*    Parents or legal guardians can open deposits on behalf of a girl children (including adopted girl child) for up to 2 daughters aged below 10.

*    Three girl children, in case of twin girls as second birth or the first birth itself results in three girl children.

*    Only one account can be opened in the name of a girl child.

*    Minimum of Rs 250 of initial deposit with multiple of Rs 150 thereafter with annual ceiling of Rs.150000 in a financial year.

*    Maximum period upto which deposits can be made 15 years from the date of opening of the account.

*    The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier.

*    Requirement of a birth certificate of the girl child

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