There has been a big change in the Sukanya Samriddhi Yojana. If you have a girl under 10 years of age in your house then this is the best opportunity.
It is worth noting that Sukanya Samriddhi Yojana is a good savings scheme in the government small savings category. You can also open an account in the name of your daughter.
A major change has been made in this scheme by the Central Government. Now it has become more easy to invest in this scheme. This is a better opportunity for those parents who have a daughter below 10 years of age in their house. Let us know, what are the changes in the SSY scheme?
account will not default
There is a provision to invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh under this scheme. Earlier, if you did not deposit the minimum amount, the account would have defaulted whereas now it will not be so.
Tax exemption on third daughter’s account also
In this scheme, earlier there was a provision of tax exemption under 80C on the account of two daughters. Earlier this benefit was not for the third daughter, whereas now it has been changed.
At the age of 18, the girl will be able to operate the account herself
Earlier, when the girl was 10 years old, she could operate the account, now this rule has been changed. Now the daughter will get the right to operate only after the age of 18 years.
easy to close account
Earlier, the account holder could get the account closed on change of address. But now even if the account holders get a life-threatening illness, the account can be closed.
