Sukanya Samriddhi Yojana: The provision for reversing the wrong interest in the account has been removed under the new rules. Aside from that, the account’s annual interest will be credited at the end of each fiscal year. Previously, the daughter could only operate the account after ten years.
Sukanya Samriddhi Yojana: If you are also the father of a daughter and want your daughter’s future to be financially prosperous. If he never has a financial problem, you, too, can begin this wonderful government investment. Your daughter will become a millionaire in 21 years if you invest in this special scheme. You don’t have to do much in this scheme; all you have to do is save Rs 416 per day for this special scheme. This daily savings of Rs 416 will grow into a sizable sum of Rs 65 lakh for your daughter.
What exactly is the Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a long-term scheme in which you can be confident about your daughter’s education and future. You don’t even need to spend a lot of money on this. This plan is undergoing numerous significant changes. The provision for reversing the wrong interest in the account has been removed under the new rules. Aside from that, the account’s annual interest will be credited at the end of each fiscal year. Previously, the daughter could only operate the account after ten years had passed. However, under the new rules, the daughter will not be permitted to operate the account until she reaches the age of eighteen. Previously, only the parent would be able to access the account.
The default account’s interest rate will not change.
A minimum of Rs 250 must be deposited in the account each year. The account is considered a default if this amount is not deposited. However, under the new rules, if the account is not activated again, interest will be paid at the applicable rate on the amount deposited in the account until maturity. Previously, defaulted accounts earned interest at the same rate as Post Office Savings Accounts.
The account of the ‘third’ daughter can now be opened as well.
Previously, the benefit of the tax exemption under section 80C was only available on the account of two daughters. The third daughter was not eligible for this benefit. If two twin daughters are born after one daughter, the new rule allows for the opening of an account for both of them.
The account can be closed before the deadline.
In the first two scenarios, the Sukanya Samriddhi Yojana account could be closed. The first is if the daughter dies, and the second is if the daughter’s address changes. However, with the new change, the account holder’s life-threatening illness is now included as well. Even in the event of the guardian’s death, the account can be closed early.
