Have you also closed Sukanya Samriddhi account? So don't get upset, start again this way

The Central Government has launched the Sukanya Samrudhi Yojana to promote girls' education . The purpose of this scheme is to facilitate the study of daughters and the expenses incurred on their marriage. Sukanya Samrudhi Yojana is very helpful for parents who are worried about their daughters' marriage and studies . The scheme was launched in the year 2015.

The account becomes inactive

Only Rs 250 is required for an account opener under this scheme. A minimum deposit of Rs.250 / - per annum is required to keep the account active. If even the minimum amount cannot be credited to the account, this type of account is considered as default account. In that case this account becomes inactive. No need to worry if your account is inactive. The process of starting it a second time is very simple.

The process of starting the account a second time

• Go to the bank or post office where the account has been opened
• You will need to fill out a form to reactivate your account.
• Pay the balance. In the year you have not paid, you will have to make a minimum payment of Rs. 250 per year.
• Along with this payment, a penalty of Rs. 250 per annum will also have to be paid.
• As per the rules attached to the Sukanya account, the default account was charged interest at the applicable rate of Post Office Savings Account. Under the new rules, if the account is not reactivated a second time, the default account will continue to earn interest at the rate applicable to the scheme until it matures.