The benefits of Sukanya Samriddhi Yojana The government of Prime Minister Narendra Modi launched Sukanya Samriddhi Yojana to provide financial security to daughters across the country. This system opens the post office’s savings program for daughters at the post office for daughters of middle- and needy and poor families across the country. The highest interest rate is given when you open an account through Sukanya Samriddhi Yojana and the most important thing is that income tax exemption is also given on it. Let us know the complete information related to Sukanya Samriddhi Yojana SSY account and what is the purpose of this schedule.
Benefits of Sukanya Samriddhi Yojana: Know what Sukanya Samriddhi Yojana is and how daughters will benefit through this system
How to open Sukanya Samriddhi Yojana account
Sukanya Samriddhi Yojana account under Beti Bachao Beti Padhao program across the country (Sukanya Samriddhi Yojana account) The opening began. Savings account is opened at the post office for daughters under 10 years. Savings accounts are opened for two daughters in a family under Sukanya Samriddhi Yojana and if the third daughter is related, she also benefits from including it in the system. You only need a minimum balance of SEK 250 to open an account. Along with this, you can open the Sukanya Samriddhi Yojana account in your daughter’s name using documents –
- Aadhar card of girl child
- Aadhar card of parents
- Photograph of girl child with parents
- mobile number
- resident certificate
- proof of income
- MNREGA job card
- Ration card
Exemption from income tax
Under Sukanya Samriddhi Yojana (Sukanya Samriddhi account information), after opening a savings account in the daughter’s name, many benefits are given to the account by the central government. Income tax exemption up to Rs 1.50 lakh is granted in accordance with the Income Tax Act 80C on the total amount deposited. Apart from this, the returns received under the system have also been kept tax-free. If you want to open an account under the system in your daughter’s name by March 31, 2021, you will receive a tax exemption for this entire fiscal year 2021.
Along with this, maximum investment in Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana Benefits) can be made annually up to Rs 1.50 lakh. For information, let’s tell you that the term of 21 years has been set in Sukanya Samriddhi Yojana and in this the parents only have to invest for 14 years. In Sukanya Samriddhi Yojana, half of the money can be withdrawn after the daughter turns 18 and all the money can be withdrawn after she turns 21.
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