This post office scheme will secure your daughter's future. Learn how to apply.

Sukanya Samriddhi Yojana: Under the Sukanya Samriddhi Yojana, parents can secure funds for their daughters. Learn how to apply for this scheme.

Sukanya Samriddhi Yojana: All parents worry about their daughters' future. They wonder how she will complete her education, how she will arrange money for her marriage, and how she will secure her future. The Government of India's Sukanya Samriddhi Yojana is crucial for alleviating all these concerns.

This scheme is specifically designed for girls and helps strengthen their future. Investing is easy. With a small amount, you can build a substantial fund over time. This eliminates the need to worry about money for your daughter's education, marriage, and other essential expenses. Let's explain how to open an account for your daughter under this scheme.

Benefits of Investing in the Sukanya Samriddhi Yojana

Any parent can open an account in their daughter's name under the Sukanya Samriddhi Yojana. Investments can begin with a minimum of ₹250. The maximum investment limit is ₹1.5 lakh per annum. The interest rate on this account is much better than other savings schemes.

Currently, it offers an interest rate of 8.2%. The scheme also offers tax benefits. The Sukanya Samriddhi Yojana aims to create a safe fund for the daughter's education, personal expenses, and other necessary expenses. The account is valid for 21 years.

How to Apply?

Applying for the Sukanya Samriddhi Yojana is very easy. The account can be opened at any post office or bank. The parent or guardian needs the daughter's birth certificate, Aadhaar card, identity card, and passport-size photo. Parent or guardian information is also entered when opening an account.

After opening the account, it is necessary to regularly deposit a minimum amount to reap the full benefits of the scheme. Accounts can be opened for two daughters under the scheme. If twins are born after the first, then accounts can be opened for all three.

Withdrawal Rules in the Sukanya Samriddhi Yojana

Withdrawals under the Sukanya Samriddhi Yojana are subject to certain rules. After opening an account, funds can only be withdrawn for higher education or marriage. The withdrawal period is when the girl is at least 18 years old, or 21 years old at the time of opening the account, or when she is married, whichever comes first.