To financially secure the future of girls, an account can be opened in Punjab National Bank under Sukanya Samriddhi Yojana. Philal Bank is getting more interest on SSY than any small savings scheme including FD.
Punjab National Bank, the second largest bank in the public sector, is offering you the Sukanya Samriddhi Yojana to secure your daughter’s future. Under this scheme of the government, it helps to financially secure the future of daughters. A parent can open an account under his Sukanya Samriddhi Yojana in PNB for his daughter younger than 10 years. This scheme is available for a maximum of two daughters. Let’s know all the important information about this…
Punjab National Bank has given information about this to its customers by tweeting through its official Twitter handle. PNB said in a tweet that how this scheme can help in managing the expenses of daughters’ education, jobs and marriage. Information about this scheme being offered by PNB can also be found from the official website.
Click for more information: https://t.co/7NCAemPTHm pic.twitter.com/SYJCMUtSVG
— Punjab National Bank (@pnbindia) May 3, 2021
What is the minimum amount to be deposited under this scheme?
After opening an account in this scheme for daughters, you can invest at least 250 rupees. Apart from this, you can invest up to Rs 1,50,000 more in it every year. This account can be opened for maximum two daughters under 10 years of age. Under Section 80C of Income Tax Act, you also get the benefit of tax rebate on investment in it.
How much is getting interest
The annual interest rate on Sukanya Samriddhi Yojana is 7.6 percent at present. The central government revises the interest rate available on all small savings schemes every three months. It also includes SSY. Let us know that this is one of those small savings schemes, which are currently getting the most interest.
You can open this account in any branch of Punjab National Bank. You also get the facility of SSY in every branch of post office or commercial banks.
If a parent or guardian saves 100 rupees every day for their daughter then they can get a good amount on the maturity of this scheme. Investing Rs 100 per month means that they will save Rs 3,000 every month, ie Rs 36,000 annually. Thus, if seen at the current rate of 7.4 percent, then after 14 years, this amount on maturity will be Rs 15,22,221 along with the principal amount.
Which documents will be needed?
To open an account under Sukanya Samriddhi Yojana in the branch or post office of any commercial bank including PNB, you will have to submit your daughter’s birth certificate along with a form. In addition, the child’s parents or guardian should have proof of identity and permanent address.
The identity card should contain PAN card, ration card, Aadhaar card, driving license or passport etc. At the same time, as a proof of permanent address, electricity bill, telephone bill, water bill, residence certificate etc. will work.
You also have to note that it is mandatory to deposit at least 250 rupees every year after opening an account under Sukanya Samriddhi Yojana. Failure to do so will result in closure of the account and a minimum amount of Rs 50 per year will have to be paid along with the minimum amount required for that year. Only then can this account be revived.
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