Good news – If you are father of a girl child than you can get tax relaxation benefit under Sukanya Samriddhi Scheme, this scheme has been introduced by the government for the better future of the girl child , Sukanya Samriddhi Scheme was launched by Prime Minister Narendra Modi in Month of January 2015. Main aim of this scheme is to cope up financially on girl marriage.
Tax relaxation under Sukanya Samriddhi Scheme for girl child father
So are You a father of a daughter? If this is true than central government’s Sukanya Samriddhi Yojana scheme is of your work. If you have one or two daughter than under Sukanya Samriddhi Yojana you can take advantage of the central government scheme. This scheme is to promote the education of girls and beneficial to the future of the child, as well as a perceived burden and would also reduce anxiety. Amount stored in the account under this scheme can also be withdraw at the time of marriage.
To Open Sukanya Smariddhi Account
If your daughter is under 10 years, than visit the the post office and other authorized banks like SBI, PNB, ICICI Bank and an SSY account for your girl child. When the girl br 21-year-old, then the account will Mature. Important thing is that accumulated wealth also get tax exemption under Section 80C. And you can get Tax Relaxation upto 1.5 lakh rs under this scheme.
How much Sukanya Samriddhi Account you can Open
If you have two daughters, both can open this account but will not open for two more daughters. Legally the child’s parent or parents can open an account. Announcement of the scheme during the grace period was given in this regard. If the child was born between 12.01.2004 and 12.02.2003 to 12.01.2015 was the account can be opened.
Condition to open a Sukanya Samriddhi Account
The 8.5% per annum on the money credited to the interest. A financial year must be submitted at least one thousand rupees you can submit more than Rs 1,50,000. You also can submit it in one year or even by installments. complaint. The account must also ensure the minimum amount.
Withdraw full amount from SSY on Girl Marriage
It was mandatory that you can only withdraw 50% amount from the account during Girl Marriage, But according to the new rules, you can withdraw 100% amount from the account to the wedding. Another thing, when the daughter of 21-year-old will be Mature account, then this will be no interest.
Beti Bachao Beti Padhao Modi is a government scheme launched by Central Government The PPF (Public Provident Fund) accumulate wealth like this, the annual limit of one and a half lakh. Updated in 2016, went into the scheme also added some new features. As you can submit her own money in the account online and it can be opened for adopted daughter went. If you went to the passbook is lost by Rs 50 can take the new passbook. A child can open the same account. If the child’s birth certificate to the account opening may take the same time, should also bring your ID proof and proof their addresses.
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