Parents worry more about the future of their daughters than their sons. That is why they make plans in advance for their daughters. So that when the daughter is ready for marriage or needs good education, there is no shortage of money. To support this, the government runs many schemes for daughters.
One such scheme is Sukanya Samriddhi Yojana. By opening an account in this scheme, parents can save money for their daughter’s education and marriage. But many people are confused about the rules of this scheme. The most common question is – in how many daughters’ names can accounts be opened? Let us explain the rules.
How many accounts can be opened in Sukanya Yojana?
Many parents have one daughter, while some have two or three daughters. They worry about where to invest for their daughters’ future. For them, Sukanya Samriddhi Yojana has some rules. According to the rules, parents can open accounts in the name of only two daughters.
This means if you have two daughters, you can open one account for each. But if after the first daughter, twins are born, then accounts for three daughters can also be opened. In each account, you can deposit from Rs 250 to Rs 1.5 lakh in a year. The government gives interest on this money, which helps secure the daughters’ future.
Interest rate and other benefits
At present, Sukanya Samriddhi Yojana gives 8.2% interest, which is higher than most saving schemes. This makes it easy to build a long-term fund for big needs like education and marriage.
You also get tax benefits. The money you deposit is tax-free, and the interest is also safe. Parents can open this account in any bank or post office without worry.