SSA Scheme in Post Office, 250 रुपए जमा करे और 66,00,000 रूपए मिलेंगे लाभ, पूरी जानकारी यहाँ

SSA Scheme in Post Office, The family’s girl child is the target of the Post Office Sukanya Samriddhi Yojana, a savings scheme backed by the Indian government. The “Beti Bachao – Beti Padhao Yojana,” which includes this initiative, was designed to teach guardians and parents how to save money for their daughter’s future education and marriage expenses. The parent or legal guardian of a girl kid may open it up till the child becomes ten. The Sukanya Samriddhi has responded quite favourably to the government’s efforts to support a girl child’s education and savings, which is really admirable.

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Key Features of Post Office Sukanya Samriddhi Account

• Number of Accounts: Each family may have no more than two Post Office Sukanya Yojana accounts. In the case that twins or triplets are born, three accounts could be created. Until the girl reaches the age of ten, her parents or legal guardian may open the account.
• Deposit: To create a Sukanya Samriddhi Yojana at the Post Office, a minimum deposit of Rs. 250 must be made annually; the maximum deposit is Rs. 1.5 lakh. Checks or cash can be used to make deposits.
• Tenure: An SSY account has a 21-year term, or until the girl child marries after turning 18 years old. It is possible to keep the account open for 21 years after the date of opening. The Post Office Sukanya Samriddhi account does not accrue interest after this time.
• Eligibility: Only girls who reside in India are eligible for this program. A girl child cannot have an SSY account in her name if she does not live in India.
• Withdrawal: After a girl child reaches the age of 18, the Post Office’s Sukanya Samriddhi Yojana permits a partial withdrawal capability. A marriage or further schooling can then be financed with 50% of the money taken out of the Post Office Sukanya Samriddhi account.
• Activation: As previously stated, in order to maintain the account in an active state for at least 14 years, a minimum deposit of Rs. Every year, 250 must be created. If this requirement is not met within a year, the account will be closed; however, it can be reactivated for a fee of Rs. 50 in addition to the minimum deposit amount.

Highlights of Sukanya Samridhi Yojana

Check out the important details of the SSY Scheme in the table.

Interest Rates	8% per year
Maturity Period or Age Limit	Till a female kid marries after turning 18 years old, or 21 years.
Period of Investment	account starting date for up to 15 years
Deposit Minimum	Rs 250
Deposit Maximum	Rs 1.5 lakhs
Eligibility	A girl’s SSY can be opened in her name by her parents or legal guardian if she is under 10 years old.
Income Tax Refund	Section 80C of the Income Tax Act of 1961 section 80C eligibility (annual maximum of Rs. 1.5 lakhs)

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Eligibility Criteria to Apply for Post Office Sukanya Samriddhi Yojana

The following are the applicable eligibility requirements:

• The account holder for the Sukanya Samriddhi Yojana must be a girl kid under ten years old.
• Account opening is limited to legal guardians or biological parents.
• Until the account matures, the girl kid must be an Indian citizen and remain in India.
• One girl child may only have one account opened in her name.
• Two girls per family are eligible for the benefits provided by the scheme.
• In the event of twins or triplets, a family may open a maximum of three Sukanya Samriddhi Yojana Post Office accounts.

How to Open a Sukanya Samriddhi Yojana Account in Post Office

Opening an SSY account is simple and hassle-free with the Post Office. Those without an SSY account with the Post Office can open one by following the instructions below:

• Step 1: You can obtain an application form from the closest Post Office branch or download one from the official Indian Post Office website.
• Step 2: Complete the application form by entering the necessary information and attaching the necessary files.
• Step 3: Pay the needed deposit and turn in the application form and supporting documentation to the post office.

Documents Required to Apply for Post Office SSY

To open an account under the Post Office Sukanya Samriddhi Yojana, you must have the following documents:

• Form for the SSY Post Office
• Passport-sized photos and the girl child’s birth certificate or proof of age
• Proof of identity and residency (such as a passport, voter ID, Aadhaar card, etc.)
• Evidence of the girl child’s relationship to the Sukanya Samriddhi Yojana account holder (birth certificate, court order, or adoption certificate)
• Proof of account holder’s address (utility bill, rent agreement, bank statement, etc.)

Benefits of Sukanya Samriddhi Account with Post Office

• Because of its many advantages, a Post Office Sukanya Samriddhi Yojana account has grown to be one of the most well-liked savings plans.
• In 2023–2024, the Sukanya Samriddhi Yojana Post Office would compound and credit the account with an annual interest rate of 8.2%.
• If the money is not withdrawn at the end of the 21-year maturity period, interest will continue to accumulate according to the rates.
• You can transfer the Post Office SSY Account. in the event that the depositor chooses to move. The account may be transferred to any other permitted post office at the new address, and further actions may be performed.
• According to Section 80C of the Income Tax Act, the money deposited into this account is deductible from taxes.

Sukanya Samriddhi Yojana Account Transfer

One of the main advantages of the SSY Account is how simple it is to transfer it from one location in India to another. According to current regulations, you can transfer this tax-saving deposit account for a female child’s benefit from one India Post Office to another or from one authorised bank branch to another with ease. The transfer request form must be completed and sent to the Post Master of the India Post Office, where your account is currently located, in order to transfer your SSY account from a post office. If you want to shift a deposit from one bank to another, you can find similar transfer documents online and offline.

Calculator for Sukanya Samriddhi Yojana

Any investment’s worth can only be determined by how much it increases over time. The Sukanya Samriddhi Yojana can yield substantial returns, as seen by the example calculation below. Think about the following situation: The girl’s parents registered an SSY account for her in 2020, the year of her birth. The account will mature after 21 years, and the whole maturity amount will be paid to the female child.

• An annual investment of one lakh
• The 15-year time frame for investing
• The entire sum spent after 15 years is Rs. 15 lakh SSY. The interest rate for a year is 7.6%.
• After 21 years, the maturity value is equal to Rs. 43,95,380.96, and the interest amount is Rs. 3,10,454.12.

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Conclusion

A Post Office Sukanya Samriddhi Yojana account is one of the most well-liked savings solutions because it provides a number of advantages. Commencing in 2020–21, an annual interest rate of 7.6% will be credited to the account and compounded annually. After the 21-year maturity period, if the funds are not withdrawn, the interest will compound at current rates. It is possible to move the SSY account to a different Post Office if the depositor moves. Another option is to transfer the account to any authorised post office at the new address.

Faq’s

Q. What is the plan for the Sukanya Samriddhi Yojana?

Ans: In India, SSY is a savings plan supported by the government. This program encourages parents to put money aside for their daughter’s future education and marriage costs.

Q. Who may open an account with SSY?

Ans: Before a girl child turns ten, her parents or legal guardians can open her Sukanya Samriddhi Yojana account. A maximum of two Sukanya Samriddhi Yojana accounts may be opened by a household for two distinct girl children. It is possible to register a second account for twin or triplet females who are the second birth.

Q. Where can I open an SSY account?

Ans: Any approved commercial bank or India Post branch nationwide is able to open it.

Q What is the smallest and largest sum that can be deposited into an SSY account?

Ans: An SSY account requires a minimum deposit of Rs. 250 and a maximum deposit of Rs. 1.5 lakh during a single fiscal year.

Q. When the youngster reaches the age of 18, what happens to the SSY account?

Ans: Up to 50% of the surplus at the end of the previous fiscal year may be partially withdrawn for further education once the girl child turns 18. But when the girl turns 21, the account will mature and be available for complete withdrawal.

@PAY