Sukanya Samriddh Yojna, The best gift to your daughter.
Sukanya Samriddh Yojna is the scheme which grabbed the great response of general public and it is
The best gift you can give to your daughter so that at 21 she can travel around the world
Sukany samriddh is an investment plan issued by the Central government to the benefit of girl children and the best available investment plan in the financial market. Traditionally people advise with the matured sum you can plan your daughter's marriage or higher education and maybe she can use it so differently, for travelling around the world sound not so good suggestion no worries it depends
The maturity proceeds would be paid only to the girl child. This way, the maturity amount would never be compromised and used for any other purposes and thus secures the financial future of a girl child.
http://www.nsiindia.gov.in
https://www.indiapost.gov.in/Financial
Who can apply
The account can be opened for any girl child in India by her natural/legal guardian till she attains an age of 10 years.
What are the Requirements
A Copy of birth certificate What is the interest rate - Interest rate 9.1% as notified by the Government
Investment requirement
The minimum amount of investment is Rs. 1000 and maximum Rs. 1,50,000 in a financial year
Maturity period
The maturity of account happens after 21 years from the date of opening.
Can it close before the completion
The account can be closed before completion of 21 years if the account holder makes a request for the purpose of marriage.
Is it possible to withdraw before the maturity period?
A partial withdrawal of up to 50% of the balance outstanding at the end of the preceding financial year can be made after 18 years of age for higher education purpose.
Tax benefits
The scheme offers exemption from Income Tax under 80C for an amount up to 1.5 lakh
The account allows subscription for 15 years including regularisation of defaults if any.
If defaulted
If minimum Rs 1000/- is not deposited in a financial year, the account will become discontinued and can be revived with a penalty of Rs 50/- per year along with minimum amount required for the deposit for that year.
Even if you are late no worries its time to start and secure your girl child's future and the greatest financial wisdom you have acquired at the beginning of the financial year 2018.
