Do you know you can register with Sukanya Samriddhi Yojana in the name of a girl till she becomes 10 years old? In this article, we will tell you all the important points that you should keep in mind while going to enroll with Sukanya Samriddhi Yojana. In addition, we have also explained which documents are needed when you are going to open an account under the SSY Scheme. We have come up with this article in high demand by the readers who want to enroll in Sukanya Samriddhi Yojana. However, we have already mentioned the main and most important eligibility that is required while opening the SSY account. You should stick with this page until you go through it completely. Swipe down the page and take a look below.
It is very important to plan for your children’s future from the start. Therefore, small savings schemes have become the best option for people to make a buffer or cushion for them. Meanwhile, the government has introduced one such small savings scheme called “Sukanya Samriddhi Yojana”. There are many people who are still not aware of the eligibility criteria and documents required to open an account under this small savings scheme. Those people are urged to keenly read the next section. Scroll down.
As mentioned, an account under the Sukanya Samriddhi Yojana scheme can be opened till the girl attains the age of 10 years. If you are willing to open an account for your child, you need to visit nearby Post Offices or commercial banks. What is the rate of interest offered by banks under Sukanya Samriddhi Yojana? According to the reports, the banks offer 8 percent per annum interest on Sukanya Samriddhi Account, which is calculated on a yearly basis and yearly compounded. The minimum amount to open a Sukanya Samriddhi account is Rs 250 and the maximum amount is Rs 150,000.
What are the documents required to open a Sukanya Samriddhi account? First of all, you need to fill SSY Account opening form which will be attached to your girl child’s birth certificate, address proof of the parents or the guardian of the girl child, and ID proof of the girl child’s parents or guardian. To the subscribers, the Sukanya Samriddhi Account gives major tax benefits. Sukanya Samriddhi Account investments are eligible for tax deductions under Section 80C of the IT Act. Rs 1.5 lakh annually is allowed on Sukanya Samriddhi Account.