Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is a little store conspire by the Ministry of Finance only for a young lady kid. SSY was sent off by the Hon'ble Prime Minister on 22nd January 2015 as a piece of the Beti Bachao Beti Padhao crusade. The plan is intended to meet the instruction and marriage costs of a young lady kid. Informed by the Government of India on fourteenth December 2014, this plan urges guardians to fabricate an asset for the future schooling and marriage costs of their female youngster. One can apply for SSY through Post Offices or through the parts of Public Sector Banks and three Confidential Sector Banks viz. HDFC Bank, Axis Bank, and ICICI Bank. The record can be opened by a parent or legitimate gatekeeper of the young lady kid. The young lady kid should be underneath the age of 10 years. Just a single record is took into consideration a young lady kid. A family can open just two SSY accounts. The Base Speculation is ₹250 per annum; The Greatest Venture is ₹1,50,000 per annum. The Development Time frame is 21 years. As of now, SSY has a few tax benefits and the most elevated pace of interest among every one of the Little Reserve funds Plans for example 7.6%. The chief sum saved, premium procured during the whole residency, and development benefits are tax-excluded. The chief sum is deductible under segment 80C up to ₹1,50,000. Starting from the beginning of the plan, around 2.73 crore accounts have been opened under the plan, having almost ₹ 1.19 Lakh Crore stores.

Benefits:

1. The minimum and maximum amount to be invested is Rs. 250 to Rs. 150000. Per annum for the maximum maturity period is 21 Years.

2.  As of now, SSY has a few tax benefits and the most noteworthy pace of interest among every one of the Little Investment Schemes Plans for example 7.6%.

3. The total sum kept, premium procured during the whole residency, and development benefits are tax-absolved under Segment 80C.

4. The amount can be moved anyplace in India from one post office/Bank to another.

5. If the account is not closed then interest will be paid to beneficiary.

6. An untimely withdrawal of up to half of speculation is permitted after the youngster acquires the age of 18 years regardless of whether she isn't getting married.

Eligible criteria:  

1. The account might be opened by one of the watchmen for the sake of a young lady kid, who has not accomplished the age of a decade as of the date of opening of the account.

2. Each account holder will have a single account under this Plan.

3. An account under this Plan might be opened for a limit of two young lady kids in a single family: Given that multiple accounts might be opened in a family in the event that such youngsters are brought into the world in the first or in the second request of birth or in both, on accommodation of an oath by the gatekeeper upheld with birth endorsements of the twins/trios in regards to the introduction of such different young lady youngsters in the initial two sets of birth in a family. Given further that the above stipulation will not have any significant bearing to the young lady offspring of the second request of birth assuming the principal request of birth in the family brings about at least two enduring young lady kids.

How to apply:

A Sukanya Samriddhi Yojana (SSY) account can be opened at any taking part bank or Post Office branch. To open the account, complete the means illustrated underneath:

1.  At first open a single Account.

2.  Fill the application form with necessary documents.

3. Payment the first installment from Rs. 250 to Rs 150000 using Cash, Check or DD.

4. Then payment and application received by the Bank or Post Office and processed simultaneously.

5. After processing by the financial institute a passbook will be supplied to you.

 Required Documents:

1. Certificate of Birth of Girl.

2. Legal Guardian’s Photo Identity Proof.

3. Legal Guardian’s address proof.

4. Account opening form (SSY).

5. PAN card or voter Card of Guardian’s.

6. Any other paper which required by the financial Institution.

For download the form of Sukanya Samrriddhi Yojona click here.