Sukanya Samriddhi Yojana: If you are thinking of securing the future of your daughter, then you can invest in the scheme ‘Sukanya Samriddhi Yojana’ (SSY) run by the government.
Through this scheme, you can save the future of your daughter. Simply put, by investing in this scheme, you will be the owner of lakhs of rupees at the age of 21. Now if you are going to invest money in this scheme, then know about the changes in it.
In this scheme, there is a provision to deposit a minimum of Rs 250 annually and a maximum of Rs 1.5 lakh. If you do not deposit the minimum amount, your account becomes default. But now it won’t be like this. Now, if the account is not activated again, interest will continue to be paid at the rate applicable on the amount deposited in the account till maturity.
Earlier in this scheme, exemption under 80C was available on the account of two daughters. This was of no use to the third daughter. But now if a daughter has two twin daughters, then there is a provision to open an account for both of them as well.
According to the earlier rule, a 10-year-old daughter could operate the account. But now according to the new rule, daughters cannot operate the account before the age of 18 years. Till then only the guardian will have to operate the account.
Under the new rules, the provision of reversing the wrong interest in the account has been removed. Apart from this, the annual interest of the account will be credited at the end of every financial year.
The account of this scheme could be closed if the daughter passed away before maturity or changed her address. But now the account can be closed even if the daughter has a fatal disease. Even if the parent passes away, the account can be closed earlier.
