Sukanya Samriddhi Yojana2023

Some important changes made in Sukanya Samriddhi Yojana:-
Sukanya Samriddhi Yojana, launched under the Beti Bachao Beti Padhao scheme, offers a variety of benefits. Some important changes have been made under this scheme which are as follows.

Under Sukanya Samriddhi Yojana, the applicant had to deposit a minimum of Rs 250 annually. But now according to the changes made in this scheme, if you are not able to deposit the minimum amount of Rs 250 due to any reason, then there will be no change in the interest rate of the maturity amount you will receive. Which means you will not be declared default.
Sukanya Samriddhi Yojana account can be opened only for two daughters, although there was a provision for opening the account of the third daughter also under this scheme, but its benefit was not given under Income Tax Section 80c. But now according to the new change, the third daughter will also be given tax benefit under section 80c.
Earlier, Sukanya Samriddhi account could be closed prematurely only for two reasons. First, if a child died suddenly. Whereas the second reason was if the daughter got married abroad. But now according to the new rules, Sukanya Samriddhi account can be closed due to some other reasons like if the daughter is suffering from any dangerous disease or if the parents die, the Sukanya Samriddhi account can be closed.
Regarding operating the account, earlier any girl could operate her account after completing 10 years. But now according to the new change in the rules, now any girl will be able to operate her Sukanya Samriddhi account after she turns 18 years old. That means a girl can run her own account after attaining adulthood.

Benefits of investing in Sukanya Samriddhi Yojana:-
Higher interest rates – Sukanya Samriddhi Yojana is a better scheme compared to other government-backed tax saving schemes. Which provides a better interest rate. Under this scheme, the benefit of interest at the rate of 7.6% will be available as per the first quarter under the financial year 2023-24.
Tax exemption – Under Section 80c of the Income Tax Act, one gets the benefit of tax exemption by investing in Sukanya Samriddhi Yojana. That means you can avail tax exemption by investing Rs 1.5 lakh annually.
Invest as per your convenience – Under Sukanya Samriddhi Yojana, an investor can deposit a minimum of Rs 250 in 1 year. And one can deposit maximum Rs 1.5 lakh per year. You can invest under this scheme according to your financial condition.
Benefit of Compounding – Sukanya Samriddhi Yojana is a long term investment plan. Because this scheme provides the benefit of annual compounding to the beneficiary. If you also invest under this scheme, you will get the benefit of excellent returns even in a long term.
Easy Transfer – The parent or guardian operating the Sukanya Samriddhi Account can freely transfer the Sukanya Samriddhi Account from one part of the country to another.
Guaranteed Returns – Sukanya Samriddhi Yojana is a government run scheme, hence the benefit of guaranteed returns is provided under this scheme.

Where to open an account under Sukanya Samriddhi Yojana?:-
Under Sukanya Samriddhi Yojana, accounts can be opened mainly in post offices. Apart from this, you can also invest by opening an account under this scheme through government banks. Names of some major banks in which you can open an account for Sukanya Samriddhi Yojana.

state Bank of India
Bank of Baroda
Punjab National Bank
Bank of India
Indian Bank
post office

Eligibility for Sukanya Samriddhi Yojana:-
To avail the benefits of Sukanya Samriddhi Yojana, the applicant must be a citizen of India.
Sukanya Samriddhi Yojana account can be opened by parents or legal guardians in the name of the girl child only.
The age of the girl child should be less than 10 years at the time of opening the account.
More than one account cannot be opened for a girl child.
Accounts can be opened in the name of only two daughters of a family.
Under this scheme, Sukanya Samriddhi account can also be opened in the name of the adopted daughter.

Documents required for Sukanya Samriddhi Yojana:-
Aadhar card of parents
PAN card
identity card
daughter's aadhar card
Birth certificate
Address proof
passport size photo
mobile number

How to open an account for Sukanya Samriddhi Yojana?:-
To open an account under Sukanya Samriddhi Yojana, you will have to go to your nearest post office or bank branch.
By going there you will have to get the form to apply under Sukanya Samriddhi Yojana.
After receiving the application form, you will have to enter all the necessary information asked carefully.
After entering all the information, you have to attach the necessary documents asked in the form.
Now you have to submit this application form to the post office.
Apart from this, you will have to deposit a premium amount of Rs 250 to open an account.
After this, an application will be made by the employee which you will have to keep safely with you.
In this way you can easily open an account under Sukanya Samriddhi Yojana.