Sukanya Samriddhi Yojana account holders, take note: complete this task before March 31st, or your account will be closed..

The Sukanya Samriddhi Yojana is a popular scheme. This scheme is designed specifically for daughters. It is also widely popular because it offers attractive returns to investors. Under the Sukanya Samriddhi Yojana, investors earn a return of 8.2 percent.

To continue availing the benefits of this scheme, investors must adhere to certain rules. If you fail to complete a specific task related to the scheme before March 31st, your account may become inactive.

Complete This Task Immediately
Under the Sukanya Samriddhi Yojana, parents must make at least one contribution during each financial year. If you fail to deposit funds into the scheme during any given financial year, your account may be rendered inactive.

How ​​Much to Invest?
In a single financial year, an investor can deposit a minimum of ₹250. Conversely, the maximum amount you can invest is ₹1,50,000. Therefore, even if you invest just ₹250, ensure that you are contributing to the scheme every year. These funds must be deposited at the specific branch or institution where you originally opened the account in your daughter's name.

Who Can Invest?
Under this scheme, parents can invest funds in their daughter's name. Contributions under this scheme are permitted for a maximum of two daughters per family. Since this is a government-backed scheme, your invested capital remains completely secure.

You are permitted to withdraw funds from this account to cover your daughter's educational expenses. However, there is a specific condition: you may withdraw up to 50 percent of the accumulated balance only after your daughter has successfully passed the 10th grade. You can utilize up to 50 percent of the funds to finance her higher education following the completion of the 10th grade. The accumulated funds under the Sukanya Samriddhi Yojana become available to you once your daughter attains the age of 18.

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