Introducing the Sukanya Samriddhi Yojana 2024 – a special savings plan by the Indian government under the “Beti Bachao, Beti Padhao” campaign, aimed at securing the future of our daughters. It’s like a magic piggy bank that parents can use to save up for their little girl’s big dreams, whether it’s education, higher studies, marriage, or other important expenses.

Picture this: you can open this special account for your daughter with as little as 250 rupees, and you can save up to 1.5 lakh rupees in it. The best part? You have 15 years to save and invest for various needs. Anyone – parents, guardians, or well-wishers – can open an account in the name of the girl child.

Now, let’s talk about the perks! This plan not only promises a bright future for your daughter but also offers a higher interest rate compared to other savings schemes supported by the government. For the financial year 2023-2024, the interest rate stands at a cool 8.2%, and it’s compounded annually. That means your savings grow faster!

Started under the “Beti Bachao, Beti Padhao” initiative back in 2015, the Sukanya Samriddhi Yojana 2024 encourages parents to save for their daughter’s education, and here’s the cherry on top – the interest earned is tax-free under section 80C of the Income Tax Act.

So, where can you sign up for this magical savings journey? Well, you have options! You can visit post offices, public sector banks, or selected private banks like HDFC, ICICI, and Axis Bank to open a Sukanya Samriddhi Yojana account for your little princess.

Sukanya Samriddhi Yojana के तहत सरकार बेटियों को 61 लाख रूपये दे रही है

To be eligible for opening an account under the Sukanya Samriddhi Yojana 2024 for your daughter, you need to meet certain criteria:

1. Your daughter must be born in India.
2. She must be under 10 years of age.
3. You need her birth certificate.

By fulfilling these requirements, you can easily open an account in your daughter’s name and avail the benefits provided by the scheme. So, let’s embark on this journey of securing a bright future for your little one!

the Sukanya Samriddhi Yojana 2024 Document

To avail the benefits under the Sukanya Samriddhi Yojana 2024, you’ll need to submit the following documents:

• Aadhaar card of your daughter.
• Identity proof of parents.
• Passbook of the bank account opened in the name of the daughter.
• Active mobile number.
• Passport-sized photograph of the daughter.

The interest rate for the Sukanya Samriddhi Yojana 2024 has been increased for the January-March 2024 quarter. It has seen a rise of 20 basis points in the latest revision. Consequently, the interest rate for the March quarter of the scheme has increased from 8% to 8.2%.

This adjustment aims to provide better returns to investors and encourage more participation in the scheme, ultimately benefiting families in saving for their daughters’ future expenses like education and marriage.

What are the benefits of Sukanya Samriddhi Yojana 2024?

Sukanya Samriddhi Yojana 2024 offers several benefits, making it an attractive option for parents who wish to secure their daughter’s future:

Low Minimum Deposit: You only need to deposit a minimum of Rs. 250 annually, making it affordable for everyone. You can deposit up to Rs. 1.5 lakh annually. A small penalty of Rs. 50 applies for missed payments, but your account remains active.

Attractive Interest Rate: SSY offers an interest rate of 8.2% per annum, which is among the highest for small savings schemes.

Tax Benefits: Enjoy full exemption on the invested principal amount of up to Rs. 1.5 lakh per financial year under Section 80C. Both the interest and maturity amount are tax-free.

Long-term Investment: This scheme matures after 21 years or when your daughter turns 18, providing a long-term investment option.

Education Expense Cover: Withdraw 50% of the remaining balance for educational expenses with valid proof of admission.

Guaranteed Returns: It’s government-backed, ensuring a guaranteed return on maturity.

Convenient Transfer: Easily transfer your SSY account between post offices and banks across the country.

How to apply for Sukanya Samriddhi Yojana 2024?

As of now, there’s no online method available for opening an account under Sukanya Samriddhi Yojana 2024. You can follow these offline steps:

Step 1: Visit your nearest bank or post office where you want to open the SSY account.

Step 2: Obtain and fill out the SSY application form along with the required documents.

Step 3: Deposit the desired amount to open the account using cash, cheque, or demand draft.

Step 4: Submit your application and payment for processing at the bank or post office.

Step 5: Once processed, your SSY account will be active, and you’ll receive a passbook to keep track of transactions.

How much can you deposit in Sukanya Samriddhi Yojana 2024?

Sukanya Samriddhi Yojana 2024 allows parents to open accounts for daughters under 10 years old, with the option to open multiple accounts for twins or more. You must deposit a minimum of Rs. 250 annually, while the maximum deposit limit is Rs. 1.5 lakh per annum.

This amount can be deposited monthly, ensuring flexibility for contributors. For instance, depositing Rs. 12,500 monthly will reach the maximum limit of Rs. 1.5 lakh annually.

Moreover, investing Rs. 1,11,400 annually in Sukanya Samriddhi Yojana can result in a maturity amount of Rs. 50 lakh.

This demonstrates the potential long-term benefits of the scheme. By investing systematically in their daughters’ future, parents can ensure financial security for their education, marriage, and other expenses. Sukanya Samriddhi Yojana empowers families to plan effectively for a brighter and more secure future for their daughters.

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