Many schemes are being run by the Government of India to make the future of the daughters of the country bright. One such scheme is Sukanya Samriddhi Yojana. Today we are going to provide you all the important information related to Sukanya Samriddhi Yojana through this article. Like what is Sukanya Samriddhi Yojana? its Purpose, Benefits, Features, Eligibility, Important Documents, Application Process, etc. So friends, if you want to get all the important information related to Sukanya Samriddhi Yojana 2021, then you are requested to read this article of ours till the end. We will share with you all the information related to Sukanya Samriddhi Yojana through this article.
Sukanya Samriddhi Yojana 2021
Sukanya Samridhi Yojana has been started on 22nd January 2015 by the Prime Minister of our country, Shri Narendra Modi. Under this scheme, savings account for the daughter will be opened by the parents of the daughter in any national bank or in the post office. All the parents who want to deposit money for their daughter’s education and marriage If you want, you can open a savings account under this scheme. The minimum amount to open this account is ₹250 and the maximum amount is ₹1.5 lakh. Earlier there was an interest rate of 9.1 percent under Sukanya Samriddhi Yojana 2021, which has now been reduced to 8.6 percent.
Money can be deposited through Sukanya Samriddhi Yojana digital account
The Sukanya Samridhi Yojana, run by the Indian Post Office, was started by the Government of India for the education and marriage of daughters. To make payment of money under this scheme, one has to go to the post office. But now the digital account has been launched by the Indian Post Office. Sukanya Samriddhi through this digital account Money will be deposited in the account of the scheme. 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. You do not even need to go to the post office to open this digital account. This account can be opened sitting at home through Aadhar card and PAN card and money can be transferred in any scheme of a post office. This digital account is valid for 1 year.
IPPB app launched
IPPB app has also been started by the post office. Through which the convenience of transactions will be provided to the customers. Through this app, money can be transferred online and money can be deposited in other post office schemes along with Sukanya Samriddhi Yojana. Through this app, a digital account can be opened sitting at home. You must be 18 years old to open this digital account.
How many daughters can get benefits under Sukanya Samriddhi Yojana?
Under Sukanya Samriddhi Yojana 2021, only two daughters of a family can get the benefit. If there are more than 2 daughters in a family, then only two daughters of that family can avail the benefit of this scheme. But if there are twin daughters in a family, then they will get the benefit of this scheme separately i.e. then three daughters of that family will be able to take advantage. The count of twin daughters will be the same but their benefits are different. Will be given separately. Under this scheme, all those people who want to deposit money for their daughter’s marriage and education can open their daughter’s account. Let us tell you that under this scheme, the account of girls below the age of 10 years can be opened. Sukanya Samriddhi Yojana has been started by the government under the Beti Bachao, Beti Padhao scheme.
Sukanya Samriddhi Yojana Loan
Loans can be availed under various PPF schemes run by the government. But under Sukanya Samriddhi Yojana loan cannot be obtained like other PPF schemes. But if the girl child has attained the age of 18 years, then withdrawal can be done by the parents from the account of this scheme. This withdrawal can be done only by 50%. Withdrawals made under Sukanya Samriddhi Yojana can be made for the betterment of the girl child. This amount can be used for girl’s marriage, higher education, etc.
Sukanya Samriddhi Yojana Account Transfer
- Under Sukanya Samriddhi Yojana, an account can be transferred from one post office to another post office or from one bank to another. To transfer this account, you have to follow the following procedure.
- 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 your Sukanya Samriddhi account passbook and KYC document to 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 have 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.
Sukanya Samriddhi Yojana December Update
There are nine types of savings schemes run by India Post. Which is known as Post Office Saving Scheme. These 9 types of schemes are Post Office Savings Account, Post Office Time Deposit Account, Post Office Monthly Income Scheme, Public Provident Fund, Sukanya Samriddhi Yojana, National Savings Certificate, 5 YearsThis includes Post Office Time Deposit, Kisan Vikas Patra, and Senior Citizen Saving Scheme. The interest rate of all these savings schemes is revised by the government from time to time. At present, the interest rate of 7.6 percent is available under Sukanya Samriddhi Yojana.
Maximum two daughters of a family can avail the benefit of this scheme. Under this scheme, when the child attains the age of 21 years, he can get the maturity amount. If it is assumed that a 7.6 percent interest rate will remain under this scheme in the future also, then it will take 9.4 years for the amount deposited under this scheme to double.
Sukanya Samriddhi Yojana Account Reopening Process
As you all know Sukanya Samridhi Yojana was started by the Government of India under the Beti Bachao Beti Padhao scheme. Under this scheme, the account can be opened for the daughter’s education and marriage before the age of 10 years. This is a very popular scheme. Under Sukanya Samriddhi Yojana Minimum amount of Rs 250 and a maximum amount of Rs 1.5 lakh can be deposited in the account every year. It is mandatory for the beneficiary to deposit ₹250 per year to continue with this account. If the beneficiary has not deposited the amount of ₹ 250 in any year, then his account will be closed.
- The account can be activated after the account is closed. For this, the beneficiary has to go to the bank or post office wherever his account is open. After this, the beneficiary will have to fill and submit the account revival form and pay the outstanding amount.
- Suppose you have not paid ₹ 250 for 2 years, then you have to pay ₹ 500 and pay a penalty of ₹ 50 per year. The penalty for 2 years will be ₹100. So if you have not paid the minimum amount in Sukanya Samriddhi Yojana account for 2 years then you will have to pay at least ₹ 600. In this, ₹ 500 will be for a minimum amount of two years and ₹ 100 will be a penalty of two years.
Sukanya Samriddhi Scheme New Update
Due to the coronavirus in the country, the economic activities of the Indian economy have been significantly affected, after the RBI reduced the repo rate, the government announced a cut in interest rates last month for small savings schemes including SSY. Posts under this scheme Office Recurring Deposit (RD) and Interest rates on time deposits for 1-3 years were reduced by 1.4 percent, PPF and SSY was cut by 0.8 percent. This will reduce the maturity amount for your daughter. After the reduction of the interest rate under this Sukanya Samriddhi Scheme, the annual rate of interest given in the accounts of the beneficiary has come down to 7.6 percent as compared to the earlier 8.4 percent.
How much money will have to be paid every year and for how long?
Under Sukanya Samriddhi Yojana, earlier there was a provision of giving 1000 rupees per Maha. Which has now been reduced to ₹ 250 per month. From ₹ 250 to ₹ 150000 can be invested under this scheme. Under this scheme, it will be mandatory to invest for 14 years after opening a bank account.
Changes made in Sukanya Samriddhi Yojana
Under this scheme, five changes have been made by the government. Which is very important for you to know about. We have given below about these five changes. You read this information carefully.
The higher interest rate on the default account
Under Sukanya Samridhi Yojana, if a person does not deposit a minimum amount of 250 rupees in Sukanya Samridhi Account in a year, then it is considered as a default account. According to the new rule notified by the government on December 12, 2019, now the same interest rate will be given on the amount deposited in such default account as has been fixed under this scheme. Along with this, 8.7% on Sukanya Samriddhi Yojana account and post office savings. The account will get an interest rate of 4%.
Changes in the rules for closing premature accounts
According to this new rule, the account can be closed before the maturity period on the death of the girl child or on the basis of sympathy under this scheme. Sympathy refers to a situation in which the account holder has to undergo treatment for a life-threatening illness or the guardian has died. In such a situation, the bank account can be closed before the maturity period.
Under this scheme, according to the new rules of the government, the girl child in whose name the account is, cannot take over the operation of her account till she attains the age of 18 years, whereas earlier this age was 10 years. When the girl child turns 18, the guardian will have to submit the documents related to the girl to the post office.
Opening of account for more than two girls
According to the new rule under this scheme, if any person has to submit additional documents to open an account of more than two daughters. Now you are also required to give an affidavit along with the birth certificate of the daughter.
Apart from the above changes in the rules of Sukanya Samridhi Yojana, some new provisions have been added, while some have been removed. These have not been clarified yet. As soon as we get some information about it, we will tell you through our article.
Purpose of Sukanya Samriddhi Yojana 2021
The purpose of the scheme is to advance girls in the field of education and not to let there be any shortage of money if marriageable. The account can be opened in the bank for a minimum of Rs 250. With this SSY 2021, the girls of the country will be encouraged and they will be able to move forward. Through this scheme, female feticide should be stopped.