Sukanya Samriddhi Yojana 2024 Details

Sukanya Samriddhi Yojana is a small savings scheme of the Government of India which is for daughters. The scheme is designed to provide financial assistance to meet the future education and marriage expenses of daughters.

In 2024, the interest rate under Sukanya Samriddhi Yojana is 8% per annum. This rate is revised annually.

To open an account under Sukanya Samriddhi Yojana, the age of the daughter should be less than 10 years. The account matures till the age of 21 years.

A minimum of Rs 250 and a maximum of Rs 1,50,000 can be deposited in the account per year.

Under Sukanya Samriddhi Yojana, the amount and interest deposited in the account are exempted under Section 80C of the Income Tax Act.

Following are the rules for withdrawal from Sukanya Samriddhi Yojana:

• After the daughter turns 18 years of age or passes 10th class, a maximum of 50% of the amount available in the account can be withdrawn.
• Once the daughter turns 21, the entire amount in the account can be withdrawn.
• Sukanya Samriddhi Yojana is a great option that provides financial security for the future of daughters. This scheme offers high returns at low cost and offers exemption under Section 80C of the Income Tax Act.

For more information about Sukanya Samriddhi Yojana, you can contact any post office or authorized bank branch.

Here are some of the benefits of Sukanya Samriddhi Yojana:

This scheme helps in meeting the future education and marriage expenses of daughters.
This scheme is a good way to save for daughters.
This scheme offers high returns at low cost.
This scheme provides exemption under Section 80C of the Income Tax Act.
If you are planning for your daughter’s future, Sukanya Samriddhi Yojana is a good option.