Sukanya Samriddhi Yojana: From time to time, many schemes are run by the Central and State Governments for the women and girls of the country. Through these schemes the government tries to make women self-reliant.
Similarly, Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana – SSY) is being run by the Central Government for such daughters. The scheme has been launched by the Modi Government of the Center to make special daughters self-reliant. Through this scheme, gradually You can create a big fund by depositing less money. In this scheme, it is very important to maintain minimum balance to keep the account active. The government has also implemented new rules in this regard.
The account holder is required to maintain minimum balance in these accounts till March 31, 2024. If you do not do this then the account may become inactive. The account holder may have to pay a fine to restart an inactive account.
Minimum balance in Sukanya Samriddhi Yojana account
The minimum balance in Sukanya Samriddhi Yojana is Rs 250. This means that to keep the account active one has to invest Rs 250 in a financial year. If you do not invest in this scheme every financial year, the account will be closed. To activate the account again, account holders will have to pay a penalty of Rs 50 per year.
Let us tell you that under Sukanya Samriddhi Yojana, the government provides interest at the rate of 8.2 percent. Under this scheme, you can deposit a minimum of Rs 250 and a maximum of Rs 1.50 lakh. At least Rs 250 has to be deposited annually. After the daughter turns 18, 50 percent of the total money can be withdrawn. Which can be used for graduation or further studies.
Tax benefits are also available
Sukanya Samriddhi Yojana is a tax free scheme. Tax exemption is available on this at three different levels i.e. EEE. First, exemption on annual investment up to Rs 1.50 lakh under Section 80C of the Income Tax Act. Secondly, there is no tax on the returns received from it. Third, the amount received on maturity is tax free.
