Sukanya Samriddhi Yojana Calculator

what is Sukanya Samridhi Yojana

Good morning Friends, the Prime Minister of our country, Shri Narendra Modi ji, has started the Sukanya Samridhi Yojana (SSY Scheme) for the bright future of the country's girls. If a little girl is born in your house and you are worried about her future, then now you do not need to worry. This Sukanya scheme has been launched by the government of india to meet the expenses incurred in the future education and marriage of daughters.

Under this scheme, parents open a savings account before their daughter turns 10. This account can be opened by the guardian through a bank or post office. The girl's parents can deposit Rs 250 to RS 1.5 lakh per year in this account. In the savings account opened under this scheme, the government also gives compound interest on the amount deposited in the account at a fixed rate.

If you want to open an account in Sukanya Samriddhi Yojana 2024 for the future of your daughter and want to take advantage of this scheme, then we will provide you with complete information related to the SSY scheme. Like Sukanya Samriddhi Yojana, features of this scheme, its objective, eligibility, necessary documents required to open an account under this scheme, etc. We are going to give detailed information about it. So please read this article till the end.

Sukanya Samridhi Yojana was started by the central government to meet the expenses of future education, higher education, and marriage of daughters so that parents can raise their daughters well without worrying about their future. This is an ambitious scheme started under the Beti Bachao Beti Padhao scheme of the Government of India.

Under the Sukanya Scheme, parents open an investment account for their daughter. In which a minimum of ? 250 to a maximum of 1.5 lakh rupees can be invested every year. At present, interest is being provided at the rate of 8.2% on the amount deposited in the Sukanya account. If you want more information related to the SSY scheme, then read this article further.

The main objective of the government to launch Sukanya Samriddhi Yojana is to secure the future of girls. Often, when a girl is born, the parents of poor families get worried about what their daughter's future will be like. They are always worried about the expenses of their daughter's education and marriage. To free them from all these worries, the government has launched Sukanya Yojana.

Through this scheme, any parent belonging to a poor family can easily open a savings account and invest money in this scheme for the bright future of their daughter. This will ensure that when the daughters grow up, they will not have to worry about money and the daughters will also be able to become self-reliant.

Objective of Sukanya Samriddhi Yojana

1:-SSY scheme has been started by Prime Minister Narendra Modi for the girls of the country.
2:-Under this scheme, parents can open a savings account for the bright future of their daughter.
3:-The savings account opened under this scheme can be operated by the girl child's parents till she attains the age of 10 years.
4:-A minimum of ₹250 to a maximum of ₹1.5 lakh can be deposited per year in the account opened by the girl's parents.
5:- It is mandatory for the account holder to invest for 15 years in the account opened under the Sukanya Scheme.
6:-If parents want to withdraw the amount deposited in this account for their daughter's higher education, then they can withdraw 50% of the amount deposited after the girl attains the age of 18 years.
7:-After opening the account in the name of the girl child, if no amount is deposited then a penalty of ₹50 is levied on the account every year.
8:-Investors are provided interest at the rate of 8.2% under the SSY scheme.
On opening an account under this scheme, you are also given tax exemption as per the Income Tax Act.
9:-Under the Sukanya Scheme, accounts can be opened for two girls from one family.

Eligibility for Sukanya Samriddhi Yojana

-To open an account under this scheme, the girl and her parents should be permanent residents of the country.
-Under the Sukanya Scheme, accounts can be opened for only two girl children of a family.
-To open an account under Sukanya Samridhi Yojana, the girl child should be less than 10 years of age.
-Under this scheme, only one account can be opened in the name of a girl child.

Documents required for Sukanya Samriddhi Yojana

SSY Scheme Required Documents: If you want to open an account for your daughter under Sukanya Samriddhi Yojana, then you will need the following documents which you will have to take to the bank or post office. All the documents are as follows –

1:-There should be a birth certificate of the girl child.
2:-Parent’s Aadhaar Card / PAN Card / Identity Card
3:-Address proof
4:-Documents required by the bank or post office.
5:-Passport size photo

You can open a savings account for your daughter's future by visiting the nearest branch of all nationalised banks.

When we can withdraw the amount deposited in the SSY account

If you deposit money in the account under Sukanya Scheme and you want to withdraw the deposited amount, then you can withdraw the deposited amount in the following situation.

-If the girl child turns 18 years old, she can withdraw 50% of the amount deposited in the account for higher education.
-the amount can be withdrawn only once a year and in installments for a maximum of 5 years.
-It is mandatory to invest for 15 years in the investment account opened under Sukanya Scheme.

Under what circumstances can the SSY account be closed

In these circumstances, you can close the Sukanya account before attaining the age of 18 years and withdraw the amount deposited in the account.

1:-In the case of marriage of a girl child: The beneficiary can withdraw the money before the maturity period for her marriage expenses after the girl child attains the age of 18 years.
2:-In case of death of the account holder: If the account holder dies suddenly, then in this case the girl child's parents can withdraw the amount deposited in the Sukanya Yojana account.
3:-Financial inability to continue the account: If the guardian is unable to continue the account of the girl child beneficiary then in this case the SSY account can be closed before the maturity period.

Sukanya Samriddhi Yojana Calculator

If you want to calculate the maturity amount, you can calculate it through the Sukanya Samriddhi Calculator (SSY Calculator). Information about the maturity amount can be obtained through details such as investments made per year and interest rates. An interest rate of 8.2% is provided on the amount deposited under the SSY Scheme.

How to open an account under Sukanya Samriddhi Yojana

To open an SSY account, first of all, the parent has to go to his nearest bank or post office. Now from there, you have to get the application form for Sukanya Samriddhi Yojana. Now you have to carefully fill in all the information asked in this application form. After filling out the form, attach all the required documents with the form. After completing this process, you have to go to the bank or post office and submit the application form. In this way, you can open an account for your daughter under Sukanya Samriddhi Yojana.

Frequently Asked Questions

How to open an account under Sukanya Samridhi Yojana?

If you want to open an account under Sukanya Yojana for the bright future of your daughter, then you can go to your nearest bank or post office and open an account.

Can I close my Sukanya Samriddhi Account?

Some conditions have been imposed for closing the Sukanya Yojana account, the information of which we have given you in detail in this article.

What documents are required to open a Sukanya account?

To open an account under Sukanya Yojana, the Sukanya Samriddhi Yojana application form, girl child's birth certificate, parents' Aadhaar card, PAN card, identity card, passport size photo, and other documents demanded by the bank or post office are required.

About Sukanya Samriddhi Yojana (SSY)