Sukanya Samriddhi Yojana: At present, 7.6 percent interest is available in Sukanya Samriddhi Yojana. Those investing in it get an income tax exemption of up to Rs 1.50 lakh annually.
If you are the father of a daughter then you are very lucky. To further increase your happiness, the Modi government at the center is also running Sukanya Samriddhi Yojana. Investing in Sukanya Samriddhi Yojana is a better option. By opening a Sukanya account in the name of the daughter and depositing a certain amount in it every year, one gets the benefit of a lump sum amount in the future. A large amount can be collected by investing in this scheme for the higher education of daughters, marriage, etc.
The central government has made many important changes in this scheme to connect more and more people. Till now, the benefit of this scheme was available only to parents with two daughters. But now the government has made a new change and has also provided the benefit of this scheme to the parents of three daughters. At present, 7.6 percent interest is available in Sukanya Samriddhi Yojana. Those investing in it get an income tax exemption of up to Rs 1.50 lakh annually.
What are the changes?
- Now parents with 3 daughters have also been included in Sukanya Samriddhi Yojana. Earlier, parents investing in this scheme were exempted from income tax on the account of only two daughters. Now the exemption has been changed to apply to the third daughter.
- The second important change is regarding the operation of the account. Till now the account holder’s daughter could operate her account only after the age of 10 years. But now she will be able to do this only after completing 18 years of age. Till the girl child attains the age of 18 years, only her parents or guardian will be able to operate the account.
- Now the compulsion to invest every year has also ended. The first rule was that if at least Rs 250 was not deposited in this account every year, the account would have defaulted. But now it will not happen. Interest will be paid on the amount deposited till maturity.
- Now changes have been made regarding the closure of the account. The account of this plan can be closed if the daughter dies before maturity or changes her address. But now the account can be closed even if the daughter has a fatal disease.
