SSY Account Holders: If you have opened an account under Sukanya Samriddhi Yojana, then it is important to know Sukanya’s latest guidelines.
SSY Account Holders: According to the latest guidelines of Sukanya Samriddhi Yojana, the circular of the Department of Posts dated August 21, 2024 regarding Sukanya Samriddhi accounts opened by grandparents who are not legal guardians states that “the guardianship shall be transferred to the person authorized by law i.e. natural guardian (surviving parent) or legal guardian.
Such accounts may be closed
According to a TOI report, if a family has opened more than two Sukanya Samriddhi accounts under Sukanya Samriddhi Yojana, 2019, then the circular states that irregular accounts will be closed as a violation of the guidelines of the scheme. The circular also emphasizes the importance of obtaining and updating the PAN and Aadhaar details of both account holders and guardians in the system before submitting the regularization request to the concerned office.
PAN and Aadhaar details required for Sukanya Samriddhi accounts: Under the new guidelines, PAN and Aadhaar details of account holders and guardians, if not already available, will have to be made available without any delay.
Account holder’s Efforts to reduce inconvenience
Post offices across the country have been instructed to immediately identify such accounts and inform the account holders of the updated rules through various channels. All circles, regions and divisions have been urged to actively monitor situations requiring regularization so that the inconvenience for small savings schemes account holders can be minimized.
How much interest is available in Sukanya Samriddhi Yojana
In Sukanya Samriddhi Yojana, you can deposit from Rs 250 every month to Rs 1.5 lakh annually. In this quarter, 8.2 percent interest is being given on the deposit amount under Sukanya Yojana. This account matures when the daughter turns 21 years old. Apart from this, 50 percent of the amount can be withdrawn from this account when the daughter turns 18 years old. To open an account, you have to provide the daughter’s birth certificate as well as the PAN and Aadhaar card of the parents or guardian.
The Department of Economic Affairs under the Ministry of Finance has recently released updates to remove irregularities in small savings accounts opened under the National Savings Scheme (NSS). If you have opened an account under Sukanya Samriddhi Yojana, then it is important to know the Sukanya latest guideline for this.
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