Sukanya Samridhi Yojana Rule Change: The Government of India runs many schemes for the citizens of the country. The government has different types of schemes for different people. Some schemes are especially for women. Some schemes are also for girls. The Government of India started Sukanya Samridhi Yojana in the year 2015 under the Beti Bachao Beti Padhao scheme.

Under this scheme, parents or guardians of daughters deposit money for their higher education and marriages. The Government of India also gives a good amount of interest on investment in this scheme. If you are also thinking of opening an account for your daughter under this scheme. Or if you have already opened an account, then you should know the new rules related to the scheme which will be implemented from next month. Let us tell you.

Only legal guardians can open an account

The responsibility of opening an account in the Sukanya Samriddhi Yojana launched by the government for daughters lies with the parents or their guardians. Parents are legally the legal guardians of the daughter. But if someone is not the legal guardian of the daughter and has opened an account for the daughter, then that account will have to be transferred to the legal guardian. Otherwise, such accounts can be closed. This rule will be applicable for Sukanya Samriddhi Yojana from October 1.

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What is the benefit of the scheme?

This scheme of the government has been specially introduced to secure the future of girls. By opening an account under this scheme, a good amount of money can be deposited for the daughter. Which can later be used for the daughter’s education or her marriage. An account can be opened for any daughter below 10 years of age under the scheme.

Anyone can open an account in the scheme by paying Rs 250. A minimum of Rs 250 has to be deposited annually in the scheme. At the same time, the maximum amount that can be deposited is Rs 1.5 lakh. Investment in this scheme is made for up to 15 years.

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The post New rules of Sukanya Samriddhi Yojana will be implemented from next month, know what will change first appeared on Rightsofemployees.com.

Sukanya Samriddhi Yojana is a good investment option. This scheme was started in the year 2015. This scheme is a small savings scheme of the Central Government for daughters. Which has been launched under the Beti Bachao-Beti Padhao scheme.

The Modi government at the center is running Sukanya Samriddhi Yojana SSY for the bright future of daughters. Under this, on opening Sukanya account in the name of the daughter and depositing money in it every year, one gets the benefit of a lump sum amount in future.

Sukanya is the best interest rate scheme in small savings scheme. Sukanya Samriddhi Yojana gives you an opportunity to earn handsome returns. Huge funds can be collected by investing in this scheme for higher education, marriage etc of daughters. This is a scheme that gives more returns than FD of the bank. By investing in this scheme, you will be sure about your daughter’s higher education, career and marriage. Investing in it can be a better option for you.

Accounts can be opened in the names of three daughters

Under Sukanya Samriddhi Yojana, the account of only two daughters of the same family is opened. But if twin daughters are born in a family, then under this scheme three accounts can be opened for daughters instead of two. After 18 years, in whose name the account is opened, they can withdraw money for their studies and at the time of need.

The parents investing in this scheme should be credited on the account of the first 2 daughters only.Income TaxExemption was available. But now it has been changed and the exemption has been implemented for the third daughter as well.

Under Sukanya Samriddhi Yojana, this scheme will mature when your daughter turns 21 years old. At the same time, the money deposited in this scheme cannot be withdrawn until the girl child turns 18. Even after 18 years, only 50 percent of the total amount can be withdrawn from this scheme. The full money of the scheme will be available only after the daughter turns 21. In this, you can get the money in lump sum or in installments. In this scheme, money will be available only once in a year. At the same time, you can take money in installments for a maximum of five years.

Can SSY account be closed?

If the account holder dies in Sukanya Samriddhi Yojana, then the account can be closed by showing the death certificate. After this, the amount deposited in the Sukanya Samriddhi Yojana account is given back to the guardian of the girl child along with interest. In other cases, the SSY account can be closed after five years from its opening. This can also be done under many circumstances. For example, it can be discontinued in case of life-threatening diseases. Even after this, if the account is being closed for any other reason, then it can be allowed, but you will get interest on it according to the savings account.

The post Sukanya Samriddhi Yojana: Now parents can open accounts of not two but three daughters, what has changed in the rules? first appeared on Rightsofemployees.com.