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Sukanya Samriddhi scheme, Which investment scheme is best for bright future of your daughter?

 For the bright future of your daughter, invest money in which investment scheme of Indian government

The Indian Post Office has always come up with good savings schemes. Whatever saving scheme comes out from the Indian government, it comes first in the Indian Post Office. Indian Post Office keeps on coming up with savings schemes for all age groups, today we will discuss such a scheme of Indian Post Office in which you can start saving for your daughters. Daughters are the future of our country.

 It is the dream of every parent that their daughter's future is good. Today we will discuss about such a savings scheme run by an Indian Post Office for the view of our website, in which you can ensure a better future for your daughters by opening an account with very little amount. Today we will tell about the Indian Post Office's Sukanya Samriddhi Yojana.

Who can open Sukanya Samriddhi Yojana account of Indian Post Office?

In the year 2014, the Sukanya Samriddhi Yojana was started by the Indian Government with the aim of ensuring the bright future of the daughters of the country.

In the Sukanya Samriddhi Yojana being run by the Indian Post Office but Indian government has also authorized some Indian banks where you may open account under this scheme, nemsof the few banks like State bank of India, PNB, ICICI bank, HDFC bank etc. Under Sukanya Samriddhi Yojan, an saving account can be opened in the name of a girl child below the age of 10 years on behalf of her guardian. For your information, let us tell you that according to the rule of the Indian Government, only one account can be opened in the Indian Post Office in India in the name of the girl child.

If you are a father and you want to start a savings scheme for the future of your daughter, then Indian Post Office Sukanya Samriddhi Yojana can prove to be the best scheme for you. Under the Indian Post Office's Sukanya Samriddhi Yojana, daughters get many benefits. If you are a brother then you can start saving in this scheme for your sister. By the way, more than 9 small savings schemes are being offered by the Indian Post Office for small investors and one of those small savings schemes is Sukanya Samriddhi Yojana. In Indian Post Office savings schemes, you get government security along with better interest rate on your deposits. Apart from this, you also get tax benefits.


What is the interest rate available in Sukanya Samriddhi Yojana?


Benefits of Sukanya Samriddhi Yojana

1) According to the professional data of the Indian Post Office, customers saving under Sukanya Samriddhi Yojana get the benefit of 7.6 percent interest rate annually. 

2) The interest received in Sukanya Samriddhi Yojana is credited to the customer's account at the end of every financial year. 

3) The interest received under Sukanya Samriddhi Yojana is tax free under the Income Tax Act.

4) Deposit under Sukanya Samriddhi Yojana deposit will be qualified for deduction under the section of 80-c, Income tax act. 

5) One major benefit of Sukanya Samriddhi scheme is that interest earned under this saving account will be free from income tax under the section-10 IT act.

6) In the case of marriage of your daughter, this account can be prematurely closed after attaining her 18 years of age.

7) Anytime withdrawal of amount will be allowed for the higher education of your daughter (account holder)

8) Under Sukanya Samriddhi Yojana account can be transferred anywhere in India from one post office or bank to another Indian post office/Bank.

9)Under Sukanya Samriddhi Yojana  you will get Triple Tax Benefit which includes  Principal invested, the interest earned as well as the maturity amount is tax free.

10)  If there is inability of the depository to carry forward this saving account then this account can be prematurely closed if there is any kind of order from the Central Government. The reason of closure of account can also be processed in case the participation towards the account is causing any kind of financial stress to the depositor. But in this case, transparency & required permission from the competent authorities must be generated to process the closure and settlement of the account


What are the documents are required for opening account under Sukanya Samriddhi scheme?


  • SSY Account Opening Form
  • Birth Certificate of girl child (mandatory)
  • Residence proof (as per RBI KYC guidelines)
  • Identity proof (as per RBI KYC guidelines)


What is the minimum investment amount that has to be deposited in Sukanya Samriddhi Yojana?


If you start depositing money for your daughter by opening a savings account under India Post's Sukanya Samriddhi Yojana, then you have to start your investment with at least Rs 250 annually. It is very easy for everyone to deposit 250rs every year, almost every month according to 20. You can deposit money under ischeme. Let us tell you that if you invest in this scheme of Indian Post Office, then you will also get tax benefits. You can invest for 15 years under Sukanya Samriddhi Yojana. To take advantage of this scheme, you should start investing under this scheme at the very young age of your daughter or sister so that you can add a large amount for them after 15 years. The maximum amount under India Post's Sukanya Samriddhi Yojana is Rs 1.5 lakh per annum. Therefore, before you start investing read all the documents carefully and ask the Indian Post Office official every time clearly.

Must Note that:

We try to bring good investment schemes run by the Indian government for our website viewers. There is always a request from our own website viewers that before investing money in any investment scheme, read the official documents carefully.

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