Sukanya Samriddhi Yojana: Completing this task before the deadline will prevent your account from being closed

Sukanya Samriddhi Yojana: Completing this task before the deadline will prevent your account from being closed

Sukanya Samriddhi Yojana: Completing this task before the deadline will prevent your account from being closed

Sukanya Samriddhi Yojana: The Central Government manages a number of unique programmes for the general people. We will share with you an essential detail about the Sukanya Samriddhi Yojana today. To keep the account operational under this system, you have to retain the minimal balance. The account may be frozen if the minimum amount is not kept up to date by March 31, 2024.

Sukanya Samriddhi Yojana: The national and state governments periodically implement a number of programs aimed at empowering women and girls in the nation. The government attempts to instill self-reliance among women via these programs. The Central Government is running the Sukanya Samriddh Yojana (SSY) for these girls. The Modi administration launched this program at the Center to help exceptional girls become independent. With this technique, you may deposit little sums of money and over time build up a sizable fund. Maintaining the minimal amount under this plan is crucial to keeping the account operational. In this context, the government has also put new regulations into effect.

Up to March 31, 2024, the account holder must have a minimum amount in these accounts. Your account can be terminated if you don't take these steps. Reactivating a dormant account may result in a penalty being paid by the account holder.

Sukanya Samriddhi Yojana account minimum balance

Sukanya Samriddhi Yojana requires a minimum balance of Rs 250. Thus, in order to maintain the account's activity, an individual must invest Rs. 250 every financial year. The account will be terminated if you don't make any investments in this program within each fiscal year. Account holders would be required to pay an annual penalty of Rs 50 in order to reactivate the account. We would like to inform you that the government is offering interest at an 8.2 percent rate under the Sukanya Samriddhi Yojana. You may invest as little as Rs 250 and as much as Rs 1.50 lakh under this plan. A minimum of Rs 250 must be contributed every year. Fifty percent of the entire sum may be taken after the daughter reaches eighteen. This may be used to graduate school or other education.

There are further tax advantages.

The tax-free Sukanya Samriddhi Yojana is an initiative. This is eligible for three separate degrees of tax exemption, i.e. EEE. First, Section 80C of the Income Tax Act exempts yearly investments up to Rs 1.50 lakh. Second, the returns that are obtained from it are tax-free. Thirdly, there is no tax on the amount received at maturity.