Sukanya Samriddhi Yojana- If you invest in Sukanya Samriddhi Yojana, then keep these special things in mind, otherwise you may suffer a loss

In India, a daughter is considered a goddess, when a daughter is born in someone's house, then great happiness is celebrated. To empower and uplift the daughters in India, the Government of India has started various schemes, among which Sukanya Samriddhi Yojana is one, this scheme not only helps to secure the financial future for your daughter but also ensures that you can comfortably meet her education and marriage expenses. With a competitive annual interest rate of 7.6%, Sukanya Samriddhi Yojana can be opened in both post offices and banks. Let's know the complete details about it.

Interest rate: This scheme offers an attractive interest rate of 7.6%, which helps to increase your investment over time.

Tax benefits: Investment up to ₹ 1.5 lakh gets the benefit of tax deduction under Section 80C of the Income Tax Act.

Investment options: You can open an account in specified post offices or banks, giving you flexibility in terms of managing your investments.

Recent changes in the scheme:

Account closure: Accounts could only be closed on the death of the daughter or change of residence. Now, accounts can also be closed in case of a terminal illness of the account holder or the death of the guardian.

Tax exemption for third daughter: While tax exemption was limited to two daughters, the scheme now allows tax benefits on investments made in the name of the third daughter.

Account opening for twin daughters: Parents of twin daughters can now open accounts for both, further boosting the financial security of their children.

Account management age: Daughters could operate their accounts at the age of 10. Now, they can manage their accounts only when they turn 18, giving them more control over their savings as young adults.