Now, the daughter’s future will be safe with SSY Scheme SukanyaSamriddhiyojana can be the option if you want to receive better returns along with securing the future of your daughter. In this central government scheme, beneficiaries can get more than three times the money back. Not only this, but you also get tax exemptions by investing in this scheme.
In this scheme, you need to open an account with an amount of Rs. 250 at least. Under this scheme, you can deposit a maximum amount of 1.5 lakh rupees annually and after 21 years you get a return of up to about 68 lakh rupees.
Under SSY Scheme, any person can open an account in the name of his daughters, and to open more than this an affidavit is needed. Under this scheme, an account can be opened in the name of the daughter up to 10 years old.
Where SSY account will be opened?
Under the SSY scheme, applicants can open an account in any bank or post office with the name of your daughter. In this scheme, only one account can be opened in the name of one daughter, not two.
What documents will be required to open the account?
To open an account in the SSY scheme, the applicant will also have to submit his daughter’s birth certificate in the post office or bank along with the form. Apart from this, the identity card of the child and parents and the certificate of where they are living will have to be submitted.
When does the SSY scheme become mature?
Money deposited SSY gets matured when your daughter is 21 years old. However, if your daughter gets married after the age of 18 then you can withdraw the money at that time. But, you can withdraw up to 50% of the money for the studies of daughter after the age of 18.