Invest in this scheme to secure your daughter's future! Money will be tripled, thus opening an account - Newztezz Online


Saturday, December 19, 2020

Invest in this scheme to secure your daughter's future! Money will be tripled, thus opening an account

Sukanya Samrudhi Yojana 
account can be opened at any post office or commercial bank. Generally, the bank has the facility to open a Public Provident Fund account. All these banks also provide Sukanya Samrudhi Yojana account opening facility. The scheme was launched by PM Modi in 2015. It earns 7.6 per cent interest.

Let us know how to open an account

First of all you will need a form to open a Sukanya Samrudhi Yojana account.

  • Daughter's birth certificate will be required.
  • Parent ID will be required. In which PAN card, ration card, driving license, passport can attach any document.
  • Parents will also have to submit documents for address proof. In which driving license, passport, electricity bill or ration card can be given.
  • Your account will be opened after verification of your documents from the bank or post office.
  • Passbook can also be given to the account holder after opening the account.
  • The maturity period in this scheme is up to 21 years of age of the daughter.
  • Learn the special things associated with this scheme
  • After the daughter reaches the age of 18, 50 per cent of the amount can be deducted for higher education.

Under this scheme you can open an account in the name of your daughter. In which an account can be opened starting at Rs. In which you can invest up to a maximum of Rs 1.5 lakh.

Sukanya Samrudhi Yojana is currently earning 7.6 per cent per annum.

The benefit of tax exemption under Income Tax Section 80C may also be given on investment under this scheme. No worries if you have shifted from your original account opening location to another location. Because this account can be transferred anywhere in the country. There is no charge for that. The interest earned on Sukanya Samrudhi Yojana can be fixed by the government every quarter.

The account can be closed even after 5 years of opening. However, this depends on many circumstances. It can be allowed as it is being closed due to a dangerous illness or any other reason, but the interest on it will be paid according to the savings account.

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