The government runs a special scheme for daughters, named Sukanya Samriddhi Yojana. Through this scheme, the government allows saving money for the marriage and education of daughters. In a way, this scheme allows securing the future of daughters. By investing some money in this scheme, you can deposit a large amount. Guaranteed interest is available on the amount invested in it.
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Rules of Sukanya Samriddhi Yojana
In the Sukanya Samriddhi Yojana, interest is given according to compounding calculation. In this, parents or guardians can open an account for a girl child below 10 years of age. Investment in this has to be made for 15 years. In this scheme, you can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. It gives interest at the rate of 8 percent. The investment made in the scheme will mature after 21 years.
This is how you can apply
- To apply for this scheme, you will have to download the application form of the Sukanya Samriddhi Yojana from the website of the post office or bank.
- After filling the application form, you will have to submit your photo, the birth certificate of the girl child, ID proof of parents, along other documents.
- Submit the application form along with the required documents at the nearest bank or post office.
- The employee will check the form and original documents and open an account in the name of the girl child.
- After opening the account, you can start investing.
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How to check the account balance?
- You can check the balance of the Sukanya Samriddhi Yojana online, for which you can use the facility of net banking.
- You have to log in by entering your Username and Password.
- Then you will see the numbers of all the accounts on the dashboard.
- Now you will see the option of Account Statement, on which you have to click.
- After this, click on the Sukanya account number from the list of all accounts.
- You will start seeing your balance.
- Important rule of Sukanya Samriddhi Yojana
- If anyone does not deposit the minimum amount in the Sukanya Samriddhi Yojana account within 1 year, then the account can be frozen. After this, if you activate the account, you will have to pay a penalty.