In 2005, the government amended the law

The government took a big step in 2005 in view of the changing socio-economic conditions of the society. Then the Hindu Succession Act was amended. This rule says that daughters have as much right on their father’s property as sons. Secondly, whether a daughter is married or unmarried, she will have as much right as her brother in her father’s property. It was expected that this amendment in the law would bring about a change in the thinking that had been prevailing for decades.

Equal rights of daughters in ancestral property

After the amendment in the Hindu Succession Act, the daughter has rights not only in self-acquired assets but also in ancestral property. This means that the daughter will have as much right as the son in the property purchased by the father from his earnings. Also, if the father has inherited any property, the daughter will have rights in it too. This right will be as much as the sons have in that property. Before the amendment in 2005, married daughters had limited or no rights in inherited property. This difference was abolished in 2005.

The father can refuse to give property to the daughter in the will

If the father had made a will before his death, then the matter becomes somewhat different. The father has the right to divide the property according to his wish in the will. If it is clearly stated in the will that only the sons will have the right to the property after the father’s death, then the daughters cannot challenge it. However, it is important to keep in mind that this will not apply to ancestral property i.e. property received through a will. After the amendment in the law in 2005, sons and daughters have equal rights in the property received through a will.

The post Daughters also have equal rights in their father’s property, but cannot claim a share in these situations first appeared on Rightsofemployees.com.

The government is running Sukanya Samriddhi Yojana for daughters . By investing in this scheme, parents can secure the future of their daughters. How to take advantage of it Sukanya Samriddhi Yojana is such a long term plan. By investing in this, you can add money from your daughter’s education to marriage expenses. Under Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened in the name of their parents only.

Under this scheme, you can invest from Rs 250 to Rs 1.50 annually. How many daughters will open an account from a family, earlier in this scheme, only two daughters’ account was exempted from tax under 80C. But now it has changed and under the rule, if two twin daughters are born after one daughter, then their account will also get tax exemption.

When can accounts be closed?

The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.

How to open account?

To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.

Documents required for Sukanya Samriddhi Yojana-

At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.

How will the amount be deposited in the account?

The amount invested in the Sukanya Samriddhi Yojana account can also be deposited in cash, cheque, demand draft or in any such manner as the bank accepts.

How much interest will you get on investment?

At present, interest is getting at the rate of 7.6% on investment in Sukanya Samriddhi Yojana. Under this scheme, by investing a small amount, you can add lakhs of rupees. Sukanya Samriddhi Yojana is getting more interest than all the savings schemes of the bank or post office.

If you invest up to Rs 1000 every month under this scheme, then according to 7.6% interest rate, you will get an amount of more than Rs 10 lakh like this.
• Deposited in 1 month – Rs 1000
• Total deposit in 12 months Rs -12000
• Deposit up to 15 years – Rs -18,0000
• Total interest on deposit up to 21 years + Total deposit – Rs 329,212
• On attaining 21 years But after adding the total deposit + total interest, the money will be returned – Rs 10,18,425
• In this way, when your daughter is 21 years old, then lakhs of rupees will be deposited in her name. When you want your daughter to get married, then you can easily withdraw this money.

The post Sukanya Samriddhi Yojana: The rules of Sukanya Samriddhi Yojana have changed from today, now these daughters will get benefits, know full details first appeared on Rightsofemployees.com.