The Sukanya Samriddhi Scheme 2020 of the Central Government is well known among the common man. Everyone keeps an eye on the decisions that come with it. It may be mentioned that the Central Board has extended the time to invest in Sukanya Samrudhi Yojana till July 31, 2020 to get tax exemption during the financial year 2019-20. That means one more month to get the tax exemption now. Also, those who have not yet deposited rupee in Sukanya account can deposit Rs 250 within a month.
- The central government’s scheme will provide relief
- Benefits will be available in Sukanya Samrudhi Yojana
- The government extended the investment period by 1 month
Do this by July 31st
The last date for minimum deposit in PPF and small savings scheme for the financial year 2019-20 has been fixed from June 30 to July 31. Earlier its deadline was March 31, 2020. You can deposit a maximum of Rs 1.5 lakh in a financial year in Sukanya Samrudhi account. That means you can deposit up to Rs 1.5 lakh in a year. While at least Rs 250 has to be deposited to continue the account. This amount will be returned to the account holder’s account.
These 4 rules attached to Sukanya account changed
Now you will get more interest on the default account
According to the rules of this scheme, if Rs. 250 is deposited in Sukanya Samrudhi account at the time of a financial year, it was considered as default account. Based on the rule announced by the government on 12 December 2019, interest will now be paid only on the amount deposited in the default account as stipulated in the scheme. Earlier, the interest rate on a post office savings account on such an account was exactly the same. The Sukanya Samrudhi account currently earns interest at 8.7 per cent.
The rule for the account also changed
Under the new rules, the girl will be able to run her own account after the age of 18. Earlier this age was kept at 10 years. When the girl turns 18, the documents related to the girl have to be submitted to the post office.
If you want to open a Sukanya Samrudhi account for more than 2 girls, you will have to submit more documents. According to the new rule, if an account is to be opened for more than 2 children, an affidavit along with the birth certificate is also required. Prior to this, the Guardian was given only the medical certificate of the child
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