Sukanya Samriddhi Yojana : Various types of savings schemes are operated by the government to make the future of daughters bright and secure. Income tax exemption and higher interest rates are provided on these savings schemes. So that people can be encouraged to invest in these schemes and the future of daughters can be secured. Today we are going to provide you with information related to one such scheme started by the Central Government. Whose name is Sukanya Samriddhi Yojana. Through this scheme, the beneficiary can invest a lump sum amount for the daughter’s education or marriage. Through this article, you will get all the important information related to Sukanya Samriddhi Yojana. Apart from this, you will also be able to get information related to eligibility, important documents, and application by reading this article.
Sukanya Samriddhi Yojana 2023
Information related to the process of calculating the Sukanya Samriddhi Scheme online form, Sukanya Samriddhi Yojana interest rate, and the premium will also be shared through this article. Sukanya Samriddhi Yojana has been launched by the Government of India. This is a savings plan. To get the benefits under this scheme, the account has to be opened before the daughter attains the age of 10 years. The minimum investment limit in this account is ₹250 and the maximum limit is ₹1.5 lakh. This investment can be made for a daughter’s higher education or marriage. Through this scheme, interest at the rate of 7.6% will be provided by the government on the investment.
Apart from this, tax exemption will also be provided on investing under this scheme. This scheme is a small savings scheme launched by the Central Government. This scheme has been launched under the Beti Bachao Beti Padhao scheme. The account under this scheme can be opened in any authorized branch of the post office or commercial branch. Sukanya Samriddhi Account can be operated till the daughter attains the age of 21 years or till she gets married after the age of 18 years. 50% of the amount can be withdrawn after the age of 18 for the higher education of the daughter.
Through this digital account, money will be deposited in the account of Sukanya Samriddhi Yojana. Now digital savings account service has been started in the post office like other banks. Due to this digital account, now the account holders do not need to go to the post office to deposit money in the account. He can transfer money through his mobile.
Sukanya Samriddhi Yojana Apply Online – Highlights
| Scheme Name | Sukanya Samridhi Yojana |
| Started by | By Central Government |
| Beneficiary | girls of the country |
| Purpose | Making the future of daughters bright |
| official website | Will be Soon |
Also Check Rajasthan Jan Suchan Portal 2023
Sukanya Samriddhi Yojana Account Transfer Process
- First of all, you have to go to the post office or to the bank with your updated passbook and KYC documents. The girl child is not required to be present during the transfer.
- After this, you will have to submit the passbook and KYC document of your Sukanya Samriddhi account in your bank or post office and inform your bank and post office that you have to transfer your account.
- After this, the manager will close your account in the old post office or bank and will give you the transfer request. Apart from this, you will be asked for all the necessary documents.
- Now you have to take this transfer request and go to the new post office or bank account and submit all these documents there.
- You will also need to submit KYC documents for proof of identity and address.
- Now you will be given a new passbook in which your balance will be displayed.
- After this, you can operate the Sukanya Samriddhi Yojana account from your new account.
Also Check Rajasthan Jan Suchan Portal 2023
Interest Rate in PMSSY 2023
| Duration |
Rate of interest (%) |
|---|---|
| April 2020 onwards | 7.6 |
| 1 January 2019 – 31 March 2019 | 8.5 |
| 1 October 2018 – 31 December 2018 | 8.5 |
| 1 July 2018 – 30 September 2018 | 8.1 |
| 1 April 2018 – 30 June 2018 | 8.1 |
| 1 January 2018 – 31 March 2018 | 8.1 |
| 1 July 2017 – 31 December 2017 | 8.3 |
| 1 October 2016 – 31 December 2016 | 8.5 |
| 1 July 2016 – 30 September 2016 | 8.6 |
| 1 April 2016 – 30 June 2016 | 8.6 |
| From 1 April 2015 | 9.2 |
| From 1 April 2014 | 9.1 |
Sukanya Samriddhi Yojana Tax Benefits
- As per the Income Tax Act, all investments made under this scheme are eligible for the benefit of tax deduction. A maximum tax deduction of 1.5 lakh is admissible towards SSY.
- Under this, interest is accumulated, which is deposited in the account on an annual basis. No tax is levied on this earned/accumulated interest. It allows maximizing the funds under the plan.
- Tax exemption can be claimed either by the parents or legal guardian of the girl child. Only one depositor is eligible for tax exemption under section 80C of the Income Tax Act.
Also Check Haryana Jamabandi Nakal
Benefits of PM Kanya Yojana 2023
- The benefit of this scheme will be provided to the girls under the age of 10 of the country.
- Under the Sukanya Samriddhi Yojana, the guardians of the girl child can open a savings account for them. Until the girl turns 10 years old.
- A maximum of Rs 1.5 lakh can be deposited under this scheme during the current financial year.
- Under PM Kanya Yojana 2023, you can easily secure the future of your girls.
- It will help in your girl’s education or marriage.
- You can easily start this scheme in any bank or post office.
- This scheme is beneficial for both the girl child and their parent/guardian as it helps both.
- Guardian or natural parent is allowed to open an account under this scheme for only two girls.
- The depositor can deposit money in the account till the girl child completes fourteen years from the date of opening of the account.
Documents of Pradhan Mantri SSY 2023
- To open an account under this scheme, the age of the girl child should be less than 10 years.
- Aadhar card
- baby and parent photo
- girl child birth certificate
- Residence proof
- Depositor (parent or legal guardian) ie PAN card, ration card, driving license
Key Facts of Sukanya Samriddhi Yojana 2023
- Under Sukanya Samriddhi Yojana, the account of a daughter below the age of 10 years can be opened.
- The account can be opened in any post office or bank.
- Under this scheme, the account of a maximum of two children of a family can be opened.
- In some special circumstances, an account of three children of a family can also be opened.
- Under this scheme, an account can be opened for a minimum of ₹ 250.
- Under Sukanya Samriddhi Yojana, a minimum investment of ₹ 250 and a maximum of ₹ 1.5 lakh can be invested in 1 financial year.
- The interest rate of 7.6% has been fixed under this scheme.
- Tax exemption is also available under this scheme under Section 80C Income Tax Act.
- The returns received through this scheme are also tax-free.
- 50% of the amount can be withdrawn from Sukanya Samriddhi Yojana for the higher education of the daughter also.
- Sukanya Samriddhi Yojana 2023 is a small savings scheme of the central government for daughters.
- Under this scheme, the beneficiary can open an account for his daughter in all these banks like Nationalized Bank, Post Office, SBI, ICICI, PNB, Axis Bank, HDFC, etc.
Also Check NVSP Portal Login
Banks authorized for Sukanya Samriddhi Yojana
- Allahabad Bank
- State Bank Of India (SBI)
- Axis Bank
- Andhra Bank
- Bank Of Maharashtra (BOM)
- Bank Of India (BOI)
- Corporation Bank
- Central Bank Of India (CBI)
- Canara Bank
- Dena Bank
- Bank Of Baroda (BOB)
- State Bank Of Patiala (SBP)
- State Bank Of Mysore (SBM)
- Indian Overseas Bank (IOB)
- Indian Bank
- Punjab National Bank (PNB)
- IDBI Bank
- ICICI Bank
- Syndicate Bank
- State Bank Of Bikaner And Jaipur (SBBJ)
- State Bank Of Travancore (SBT)
- Oriental Bank Of Commerce (OBC)
- State Bank Of Hyderabad (SBH)
- Punjab And Sind Bank (PSB)
- Union Bank of India
- UCO Bank
- United Bank Of India
- Vijay Bank
Sukanya Samriddhi Yojana 2023 Account Opening Application Form
- Interested beneficiaries who want to apply for opening a savings account under this scheme, then they have to first download the Sukanya Samriddhi Yojana Account Opening Form.
- After this, the application form will have to be filled with all the necessary information. After filling in all the information, all your necessary documents will have to be attached with the form.
- Then the application form and documents have to be submitted along with the amount in the desired bank and post office
Official Website http://www.nsiindia.gov.in/
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