The government runs a savings scheme called Sukanya Samriddhi to secure the future of girls in the country. In this, the government offers good interest, which it announces every three months. Now the government has announced the interest for the January-March quarter for this scheme. The government started it in the year 2015 under the ‘Beti Bachao, Beti Padhao’ campaign.

The purpose of Sukanya Samriddhi Yojana is to encourage parents to save money for their daughters. This ensures financial security of daughters. The government has kept the interest rate of this scheme at 8.2% for January 2025 to March 2025. This rate is the same as the previous quarter (October-December 2024). No change has been made in this.

Highlights of the scheme

It is necessary to deposit at least Rs 250 every year in Sukanya Samriddhi Yojana. If this amount is not deposited, the account is closed. To restart it, one has to pay Rs 250 as installment and Rs 50 as penalty.

You can deposit a maximum of Rs 1,50,000 in this scheme in a year. This account lasts for 21 years or is closed at the time of the daughter’s marriage. If the daughter turns 18, up to 50% of the money can be withdrawn from the account for her education.

Tax and interest benefits

This scheme offers an interest rate of 8.2%, which is the highest among all small savings schemes. It offers huge tax benefits. The money deposited, the interest received on it and the amount received on maturity of the account are all tax-free.

Documents required for opening an account

To open a Sukanya Samriddhi account, you have to submit the girl’s birth certificate, parents’ photo and identity proof. This account remains active for 14 years and money can be deposited in it. Even if money is not deposited in any year, the account can be reopened within 15 years.

Related Articles:-

How To Cancel / Modify Your SIP Online a step by step guide for Investors

SEBI changed the rule related to stock market, this work will have to be completed in working day

Golden opportunity for FD investors: These 5 Banks are giving up to 9% interest on Fixed Deposit. Check rate here

The post Sukanya Samriddhi Yojana: Govt’s big decision on Sukanya Yojana, this much interest will be available in January-March first appeared on Rightsofemployees.com.

Through the scheme, a fixed amount is deposited annually by opening an account in the name of the daughter, which is received in the form of huge returns along with hefty interest at the time of maturity of the daughter. A large number of people invest through Sukanya in the country. The government has made PAN and Aadhaar number mandatory for Sukanya investors. Those who have not yet linked Sukanya account with PAN and Aadhaar must do so, otherwise, along with account freeze, they may have to face many other losses.

The objective of Sukanya Yojana is to cover the expenses of school education and marriage of the girl child. The scheme encourages parents to save for the cost of their daughter’s future education and marriage. The Finance Ministry has announced interest rates on Sukanya and other small savings schemes for the July-September quarter. The government has fixed the interest rate on Sukanya Samriddhi Yojana at 8% for the July-September 2023 quarter.

It has been said in the notification of the Ministry of Finance that PAN or Form 60 will need to be submitted while opening the account for investment. If PAN is not given at the time of account opening, then in any one of these cases the Aadhaar number will have to be given within two months. Sukanya account holders who have opened investment accounts after March 31 will have to link Aadhaar and PAN by submitting them to the concerned post office. The last date for submission of Aadhaar and PAN is September 2023.

According to the notification, if the amount deposited in the account of the investor is more than Rs 50 thousand at any point of time or if more than one lakh rupees are deposited in the account in any financial year, or if the amount deposited or withdrawn from the account in any month is more than Rs 10 thousand.

In such a situation, if the PAN is not given within two months, then the account will be frozen till the PAN number is made available.

Benefits of Sukanya Yojana

• The annual minimum investment in Sukanya Yojana is Rs 250, while the maximum investment is fixed at Rs 1,50,000. The tenure of Sukanya Yojana is 21 years.
• Interest is calculated on the lowest balance in the account between the 5th day of the calendar month and the end of the month. Interest is credited to the account at the end of each financial year.
• Under Section 80C of the Income Tax Act, the amount received on maturity along with the principal amount and interest is tax free.
• Account can be transferred anywhere in India from post office or bank to another. At the same time, even after maturity, interest is earned if the account is not closed.

The post Sukanya Yojana: Big news for account holders! Sukanya account holders must do this work otherwise account may freeze first appeared on Rightsofemployees.com.

Actually, the central government is going to relax the process of deposit or investment under the small savings scheme. The purpose of this relaxation is to connect a large number of people with small savings schemes. The people of rural India will be benefited the most.

What is going to change

According to media report, an official associated with the Finance Ministry said that first of all people will be allowed to invest in small savings schemes using Aadhaar instead of PAN card. This exemption will encourage people in rural areas to take advantage of small savings schemes. Let us tell you that a large number of people in India have Aadhaar cards as compared to PAN cards.

What the officer said

KYC norms for small savings schemes have been prescribed for Jan Dhan accounts. Apart from this, the government will also simplify the process related to the claim on the deposit amount of the deceased investor so that there is no dispute. Apart from this, the nomination process will be further simplified.

Interest rate to be decided

Let us tell you that this news has come at a time when the government is about to take a decision on the interest rate of small savings schemes. Explain that the government considers the interest rate of small savings schemes on a quarterly basis.

In this episode, a decision will be taken on the interest for the first quarter of the new financial year i.e. from April to June. There has been no change in the interest rate on popular schemes like Sukanya and PPF for a long time.

The post PPF, Sukanya Yojana: Preparing for major changes in small savings schemes like PPF, Sukanya, this card will not be required 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.

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

He is always worried about the future of his daughter. But now the government is also helping the parents in grooming the future of the daughters.

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