The Government of India launched Sukanya Samriddhi Account scheme.
This scheme aims to ensure a bright future for the girl children by facilitating their education and marriage expenses.
Under the scheme, a parent or legal guardian can open an account in the name of the girl child until she attains the age of 10 years.
The account can be opened in any post office branch and designated public sector banks.
The rate of interest for the scheme is 9.2 percent which will be compounded annually.
The minimum deposit that needs to be made every year is Rs. 1000 and the maximum amount that can be deposited in a year is Rs. 1,50,000.
The account will be valid for 21 years from the date of opening.
Deposits can be made upto 14 years from the date of opening of the account.
The deposits made to the account, and also the proceeds and maturity amount would be fully exempted from tax under section 80 c of the income tax act.
The girl child in whose name the account has been opened can operate the amount on her after she attains the age of 10 years.
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This scheme aims to ensure a bright future for the girl children by facilitating their education and marriage expenses.
Under the scheme, a parent or legal guardian can open an account in the name of the girl child until she attains the age of 10 years.
The account can be opened in any post office branch and designated public sector banks.
The rate of interest for the scheme is 9.2 percent which will be compounded annually.
The minimum deposit that needs to be made every year is Rs. 1000 and the maximum amount that can be deposited in a year is Rs. 1,50,000.
The account will be valid for 21 years from the date of opening.
Deposits can be made upto 14 years from the date of opening of the account.
The deposits made to the account, and also the proceeds and maturity amount would be fully exempted from tax under section 80 c of the income tax act.
The girl child in whose name the account has been opened can operate the amount on her after she attains the age of 10 years.
SUBSCRIBE AND GET STUDY NOTES DIECTLY INTO YOUR INBOX