Sukanya Samriddhi Yojana: If you have opened an account for your daughter under Sukanya Samriddhi Yojana, then in the next few hours, do an important work related to it. Otherwise there can be many problems regarding the account.
Sukanya Samriddhi Yojana is a scheme launched by the government. It has been introduced for daughters. The main motive behind starting it is to collect money for the education and marriage of the daughter. If you too have opened a Sukanya Samriddhi account for the good future of your daughter, then the last date for depositing money in the account till 31st March. After this you will have to pay a penalty on it. Experts say that a minimum of 500 rupees and a maximum of 1.5 lakh rupees can be deposited in a Sukanya account during a year. Let us know the important things related to it…
If this amount is not deposited then it is considered as a default account. In this case, this account becomes inactive. It is easy to activate it again. For this, again you will have to go to your bank, post office (wherever the account is opened). Now the question arises here how to activate the account?
According to the information given on the post office website, if someone’s account becomes inactive, then the customer has to go to his branch of the post office.
After that, you will have to fill a form to start an account again. Also, arrears will also have to be paid. All those years will have to be repaid. Those who have not received the minimum payment.
Suppose if your account has not been running for two years. So you have to pay a minimum amount of 500 rupees and 100 rupees as penalty for two years. In total, 600 rupees will have to be paid. By doing this your account will be activated again.
Start preparing today to fulfill your little fairy’s dream flight.
Keeping Sukanya Samriddhi account in mind for better and safe investment.
— Punjab National Bank (@pnbindia) March 31, 2021
Who can open account in Sukanya Samriddhi Yojana
After the birth of a girl child, accounts can be opened in her name till she is ten years old.
Account opens for only 250 rupees
Any account can be opened with an initial deposit of at least 250 rupees. Financial experts say that if you deposit Rs 20,000 annually in Sukanya Samriddhi Yojana, you will accumulate Rs 2,80,000 annually for 14 years. After maturity after 21 years, a fund of about 10 lakhs will be created.
At the same time, on depositing 35 rupees a day, that is, about 1,000 rupees a month, which will be 12,000 rupees annually, you will get more than 5 lakh rupees on maturity.
How much money can I invest in a year
Up to Rs 1.5 lakh can be deposited in a financial year (which starts from April 1 and ends on March 31 next year). This amount can be deposited in multiples of hundred at one time or multiple times but the maximum limit should not be exceeded. At the end of 21 years the account will be matured.
How much is the tax benefit
Deposits under the ‘Sukanya Samriddhi Account’ scheme are exempted under 80C of the Income Tax Act, 1961.
How long do you get interest
Account holders can earn 7.6% (01.10.2020 to 31.12.2020) interest on their deposits. Annual interest is received in the account at the end of the financial year. No interest is payable after completion of 21 years from the date of opening.
All information related to the account will be found on this link bankofbaroda.in/sukanya-samriddhi-accounts-2014-hi.html
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