5 things you should know about Sukanya Samriddhi Scheme


Sukanya Samriddhi Scheme is one of the best investment options available today. It not only offers lucrative returns to the investor but is also a tax free investment option. The most important thing about this scheme is that it has a noble purpose associated with it. It was launched as a part of Beti Bachao Beti Padhao initiative to promote welfare of women in India.

Sukanya Samriddhi Scheme

So now you know all about Sukanya Samriddhi Scheme. Here is a quick summary of the same:
1. Maximum of 2 accounts can be opened in public sector banks & post offices by the parents/legal guardian for 2 different girl children only (3 accounts in special case).
2. Minimum deposit of Rs. 1,000 & maximum deposit of Rs. 1,50,000 per year is allowed via cheque/DD/cash.
3. Penalty of Rs. 50 is levied if you miss to deposit the minimum amount.
4. Rate of interest is 8.6% p.a.
5. Maturity period is 21 years but premature withdrawal of 50% is allowed.
6. Interest income and amount received at the time of maturity are tax free.

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