Documents Required To Open Account Under Sukanya Samriddhi Yojana Eligibility Application Form
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If You Are The Father Of Daughter, Then Invest In This Scheme, After 11 Years You Will Be Millionaires
If you have a 10 year old daughter in your house then you can make the daughter at least Lakhpati in the next 11 years. It will depend on the investment you have made that you make the daughter Lakhpati at the age of 21 or else the millionaire.
There is a special feature of this scheme being run by the central government and it is more than the interest received in the FD and Savings account and income tax is also available.
Daughters Will Open Accounts By The Age Of 10
You can open such a single account in the name of a daughter. You will have to invest at least Rs. 1000 when opening an account. In the rest, in a financial year, you can invest up to Rs 1.5 lakhs under this scheme. Under the scheme, the person who opens the account will have to make an appointment for 14 years. After investing 14 years, the scheme will be maturing in 21 years.
Exemption From Income Tax
From April 1, 2016, the accounts opened under this scheme will get interest at 8.3 per cent. Apart from this, there is no tax on interest rate or on the deposited amount. You will have to deposit at least five hundred rupees every year in the account. If you do not deposit money for any year then you will have to pay a penalty.
Advantages Of Investment In This Scheme
Investing in Sukanya scheme is a lottery wining deal. That’s because it still has the highest interest rate compared to other small saving schemes. The good thing with this scheme is that you can fulfill your daughter’s marriage and education expenses too. No tax will be applied on the amount which you will get after maturity. Also know about sukanya samriddhi yojana account benefits, features, interest rate and many more thing attached with it
How Many Accounts Can Be Opened
Under Sukanya Samriddhi Yojana, you can open one account in the name of one girl. In homes where there are two daughters or twins, their parents can open up to three more accounts. You can withdraw 50 percent of the amount deposited in the account when the daughter is 18 years of age. You will not have to pay any kind of tax on this withdrawal. On the daughter’s wedding, you can close the account and full money will be withdrawal.
Where Can You Open The Account
Sukanya Samriddhi Yojana account can be opened in any post office or some major banks across the country. For this, you will have to fill the form by visiting the post office and bank. After filling the form, money will be deposited with the help of cash, draft or check.
After this, the account will open from the post office and the bank and you will also get the pass book of the account. In this sequence, whenever you deposit money in the account, you must get entry in his pass book, so that you know how much money you have deposited.
) The documents you will need to open an account in Sukanya scheme are those:
) Birth Certificate Of Daughter
) Address Proof Of Mother/Father.
) Identity Proof Of Parent Or Guardian.