Sukanya Samriddhi Yojana 2022: Today we are going to provide you with information related to one such scheme started by the Central Government.
Whose name is Sukanya Samriddhi Yojana. Through this scheme, the beneficiary can invest a lump sum amount for the daughter’s education or marriage.
Through this article, you will get all the important information related to Sukanya samriddhi Yojana 2022, Sukanya Samriddhi Account in Hindi, disadvantages of Sukanya Samriddhi Yojana, advantages and disadvantages of Sukanya Samriddhi Yojana, benefits of Sukanya Samriddhi Yojana. You will also be able to get information related to Sukanya Samridhi yojana by reading this article.
Know about the Sukanya Samriddhi Scheme online form, the process of calculating Sukanya Samriddhi Yojana interest rate and premium, as well as the eligibility and characteristics of the applicant.
More Information
Table of Contents
Sukanya Samriddhi Yojana has been launched by the Government of India. This is a savings plan. To get the benefit under Sukanya Yojana, the account has to be opened before the daughter attains the age of 10 years.
The investment limit in this account is ₹250 and the maximum limit is ₹1.5 lakh. This investment can be made for a daughter’s higher education or marriage.
Through Kanya Yojana, interest will be provided by the government at the rate of 7.6% on investment. Apart from this, tax exemption will also be provided for investing under this scheme.
This scheme is a small savings scheme launched by the Central Government. This scheme has been launched under the Beti Bachao Beti Padhao scheme.
- Account under Sukanya samriddhi yojana can be opened in any post office or any authorized branch of the commercial branch.
- Sukanya Samriddhi Account can be operated till the daughter attains the age of 21 years or till she gets married after the age of 18 years.
- 50% of the amount can be withdrawn after the age of 18 for the higher education of the daughter.
Overviews
| Scheme Name | Sukanya Samriddhi Yojana |
| How many accounts can be opened in the family | only two girls |
| Year | January 2022 |
| Sukanya Samriddhi Yojana Application Form | Click Here |
| fixed amount | Minimum amount from two hundred and fifty rupees to one and a half lakh rupees 14 years old |
| Started by | the Central Government |
| beneficiary | country girls |
| Objective | To make the future of daughters bright |
| Article Name | Sukanya Samriddhi Yojana |
| Official website | https://www.nsiindia.gov.in/ |
Loan
Loans can be availed under various PPF schemes run by the government. However, under Sukanya Samriddhi Yojana loan cannot be obtained like other PPF schemes. But if the girl child has attained the age of 18 years.
So the 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 the marriage of the girl child, higher education, etc.
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 for small savings schemes including SSY last month.
Under this scheme, interest rates on Post Office Recurring Deposit (RD) and Time Deposit for 1-3 years were reduced by 1.4 percent, and PPF and SSY were 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.
Tax Benefits
- As per the Income Tax Act, all investments made under the Kanya sumngla scheme are eligible for the benefit of tax deduction. A maximum tax deduction of 1.5 lakh is admissible towards SSY.
- Under this, interest is accumulated, which is deposited in the account on an annual basis.
- No tax is levied on this earned/accumulated interest.
- It allows the maximization of funds under the scheme.
- Only one depositor is eligible for tax exemption under section 80C of the Income Tax Act.
Key facts
As you all know Sukanya Samriddhi Yojana has been started by the government to secure the future of daughters and for their education and marriage.
- The daughter’s future can be secured by investing under Sukanya Samriddhi Yojana.
- Under Sukanya Samriddhi Yojana, the account of a daughter below the age of 10 years can be opened.
- The account can be opened in any Post Office or Bank.
- Under Kanya Yojana, the account of a maximum of two children of a family can be opened.
- In some special circumstances, an account of three children of a family can also be opened.
- Under Sukanya Yojana, the account can be opened for a minimum of ₹ 250.
- Under Sukanya Samriddhi Yojana 2021-22, a minimum investment of ₹ 250 and a maximum of ₹ 1.5 lakh can be invested in 1 financial year.
- Under Sukanya Samriddhi Yojana 7.6% interest rate has been set.
- Tax exemption is also available under this scheme under Section 80C Income Tax Act.
- Returns received through Sukanya samriddhi yojana are also tax-free.
- Daughter’s age For higher education also 50% of the amount can be withdrawn from Sukanya Samriddhi Yojana.
- Beneficiaries under Girls Yojana
- Nationalized Banks
- post office
- SB I
- ICICI
- PNB
- Axis Bank
- HDFC, etc. can open an account for your daughter in all these banks.
- Sukanya Samriddhi Yojana 2022 is a small savings scheme of the central government for daughters.
Benefits
- The benefits of Pradhan Mantri Sukanya Samridhi Yojana will be provided to the girls of the country under the age of 10.
- Under Sukanya Samriddhi Yojana 2021-22, parents of a girl child can open savings account for them. Until the girl turns 10 years old.
- A maximum of Rs 1.5 lakh can be deposited under this scheme during the current financial year.
- Under PM Kanya Yojana 2021, you can easily secure the future of your girls.
- It will help in your girl’s education or marriage.
- You can easily start Kanya yojna in any bank or post office.
- This scheme is beneficial for both the girl child and her parent/guardian as it helps both.
- Guardian or natural parent is allowed to open an account under this scheme for only two girls.
- The depositor can deposit money in the account till the girl child completes fourteen years from the date of opening of the account.
Documents (Eligibility)
- To open an account under Kanya Yojana, the age of the girl child should be less than 10 years.
- Aadhar card
- Photo of child and parent
- Girl Child Birth Certificate
- proof of residence
- Depositor ie PAN Card, Ration Card, Driving License, etc.
Some rules
- Age of Account Opening- Sukanya Samriddhi Account can be opened by the guardian before the girl child attains the age of 10 years.
- A number of accounts – Only one account can be opened for a girl child under Sukanya Yojana. Under Kanya Yojna 2021-22, separate accounts cannot be operated by the mother and father separately for a daughter.
- A number of account holders- Only two daughters of a family can take advantage of this scheme.
- A number of Account Holder of a family in case of twin daughters- If a twin or triplet daughters are born then in that case more than 2 accounts can also be opened.
- Operation of Account – Sukanya Samriddhi Account is operated by the guardian of the account holder till the account holder attains the age of 18 years.
New changes made
- Under Sukanya Samriddhi Yojana 2021-22, five changes have been made by the government.
- Which is very important for you to know about.
- We have given below these five changes. You read this information carefully.
Account Open Rules
- The account under Sukanya Samriddhi Yojana can be opened or opened by the parents or legal guardians of the daughter.
- This account can be opened from the birth of the daughter till she attains the age of 10 years.
- Only one account can be opened for a daughter under Sukanya Samriddhi Yojana.
- At the time of opening the account, the daughter’s [Birth Certificate] birth certificate will have to be deposited in the Post Office or Bank.
- Along with this, other important documents such as identity cards and address proof will also have to be submitted.
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 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.
- which has been decided under this scheme.
- Along with this, the interest rate of 8.7% will be available on the Sukanya Samriddhi Yojana account and 4% on Post Office Savings Account.
How to deposit money in Yojana Account?
Sukanya Samriddhi Yojana 2021-22 accounts can be deposited by cash, demand draft, or by electronic transfer mode in the post office or bank where the core banking system is present.
To open the account, the name and name of the account holder will have to be written.
In all these easy ways, any person can deposit money in his daughter’s account.
Change in the rules for closing the account
According to this new rule, under this Kanya Yojana, the account can be closed before the maturity period on the death of the girl child or on the basis of sympathy.
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.
Account
Under this scheme, according to the new rules of the government, the girl child in whose name the account is there, and till she turns 18 years old.
Till then she can not take her account statement when earlier this age was 10 years. When the girl child turns 18, Abhi will have to submit the documents related to the girl to the post office.
Opening account of more than two girl children
According to the new rule under Sukanya Samriddhi Yojana, if any person has to submit 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.
Other Changes
In addition to the above changes in the rules of NewSukanya Samridhi Yojana, some new provisions have been added, while some have been removed. These have not yet been clarified. like We will get some information about this, we will tell you through our article.
Bank List
There is a total of 28 banks authorized by the Reserve Bank of India to open Sukanya Samriddhi Yojana accounts. Users can open an SSY account in any of the following banks and avail of this scheme.
- Corporation Bank
- Allahabad Bank
- State Bank of India (SBI)
- Axis Bank
- Bank of Baroda (BOB)
- Andhra Bank
- Bank of Maharashtra (BOM)
- Bank of India (BOI)
- Central Bank of India (CBI)
- Canara Bank
- Dena Bank
- Syndicate Bank
- State Bank of Patiala (SBP)
- State Bank of Mysore (SBM)
- Indian Overseas Bank (IOB)
- Vijay Bank
- Punjab National Bank (PNB)
- IDBI Bank
- ICICI Bank
- State Bank of Bikaner and Jaipur (SBBJ)
- State Bank of Travancore (SBT)
- Indian Bank
- Oriental Bank of Commerce (OBC)
- State Bank of Hyderabad (SBH)
- Union Bank of India
- UCO Bank
- Punjab and Sind Bank (PSB)
- United Bank of India
Account Balance Check Online Under Kanya Yojana
This account balance can be checked through digital or account statements. To check the account balance, you have to follow the following procedure.
- First of all, you have to request your bank to provide you Kredshiyals Login.
- These login credentials are not provided by all banks. Only a few banks provide this facility.
- After receiving the Kredeshyals Login [Login Credentials] you will have to log in to the Bank’s Internet Banking Portal.
- After this, the home page will open in front of you.
- Now you have to click on Confirm Balance option.
- As soon as you click on the option of Confirm Balance, the amount of the Sukanya Samriddhi Account will open in front of you.
- Sukanya Samriddhi Bank balance check can be done through this only.
What will happen if it is not deposited under Yojana?
Due to some reason the account holder is not able to deposit the amount under Sukanya Samriddhi Yojana, then he will have to pay a penalty of ₹ 50 annually. And with this, the amount will have to be paid every year. If the penalty is not paid, then the Sukanya Samriddhi Yojana account will get an interest rate equal to that of the Savings Account, which is four percent.
Tax Benefits
Under Section 80C of the Income Tax Act 1961, the amount deposited in Sukanya Samriddhi Yojana, the amount of interest and the maturity amount has been made tax-free.
The government has provided exemption on the contribution made under Sukanya Samriddhi Yojana, which is up to ₹ 150000 per annum.
FQA
- Question: Can a loan be taken against Sukanya Yojana?
Answer – Yes! The loan can be taken on Sukanya Yojana.
- Question: What is Sukanya Yojana? Who can apply for this?
Answer – Sukanya Yojana is a savings scheme launched by the central government for the girl child. For this, girls from 0 to 10 years can apply and can get the benefit of the scheme.
- Question: Sukanya Samriddhi Yojana kab lagu hui?
Answer: Sukanyat Samriddhi Yojana has been started in our bank on 02nd December 2014.
