Child Future Investment Plan in India for Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana  2019 Full Details : 

• Modi government launched Sukanya Samriddhi Yojana on 4 December 2014.
• Sukanya Samriddhi Yojana is called Sukanya Yojana in short.
• Sukanya Samriddhi Yojana is just intended for girls.
•  An account can be opened for just 250 rupees.
• This account for Sukanya Yojana can be opened under Beti's name. Beti. The account is opened by guardians or parents in the event of any.
• The interest rate for small savings plans is now higher.
• Sukanya plan offers 8.5% interest on your Jama money.
• The Sukanya Samriddhi Yojana is open only up to at least 10 under the name of a daughter.
• If the girl you are bringing home is older than 10 years old the account won't be open.
• In the Sukanya plan, you may open a separate account under the names of just two daughters.
• If your family has more than 2 daughters, may create an account under the name of just two daughters.
• If the daughter of yours is twin, then you may create three accounts. You must however be able to prove that you have twin girls.
• After opening your Sukanya Account, users will be able to invest a minimum of Rs 250 per year and up to Rs 1.5 lakh each year.
• You must deposit the funds for 14 years following the opening of the account. Sukanya Yojana account matures in 21 years.
• If you've created the account of your daughter's 1 year old and you want to pay for only 14 years. In 21 years, all cash is returned.
• When your child is 18 years old, you are able to take out up to 50% i.e. 50% of the amount to further the education of your girl child.
• If you tie the knot with a girl prior to the age of 21 then you will be unable to access the Sukanya Yojana Account will be shut down on the same day.
• If you're unable to transfer the funds within the first few days of opening the account you will be required to pay a fee of 50 rupees annually then you can open the account again from the beginning.
• When your child is 10-years-old, parents will have to review the account. Once that happens should the girl want to do so, she will be able to manage the account on her own.
• If the girl passes away in between because of any reason, the account will be closed providing her death certificates. The entire amount that was deposit into the account will be given back to the parent charging interest.
• After you have opened an account, you are able to deposit funds in any manner - via online banking, via demand draft, check and direct deposit of cash etc.

Where and how Sukanya Yojana Account is created : 

You can open a Sukanya Samriddhi Yojana account at any state-owned bank, post office , or one of the private banks.

Documents required for opening Sukanya Samriddhi Yojana account

1. Certificate of birth for the infant
2. ID of the parent
3. Residence Certificate of the Parent
4. Baby picture
5. Two parents' photographs
6. If you are opening an account through the post office, you must present the account's bank passbook.

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After you have all the documents, head to the post office or bank and fill out the form Sukanya Samriddhi. Once you have entered correctly, and your account will open.