Sukanya Samriddhi Accounts

Sukanya Samriddhi Accounts:
Sukanya Samriddhi Accounts is started by modi govt to encourage the girl & to give some assistance for girl child below 10 years

The scheme pays you highest interest rates of 8.1% comparing with other post office schemes

The biggest advantage is, the scheme helps you to meet the marriage financial needs of the girl child, the scheme will be closed after attaining 21years of the girl child

You can deposit up to 150000 in every financial year, you can deposit in small parts or in bulk

Features of Sukanya Samriddhi:
  • The minimum deposit is 1000/INR
  • The maximum deposit is only allowed up to 150000
  • The rate of interest is 8.1% per P.a, compounded annually
  • Deposits can be made in single or in multiple times in a financial year
  • A guardian or parent can open the account with max of 2 accounts for 2 girl child
  • Account can be opened for girl child below 10 years or between 2.12.2003 & 1.12.2004 can also open account up to1.12.2015
  • If minimum deposit ( 1000/INR ) is not deposited in one financial years their will a fine of Rs 50
  • Partial amount of 50% can be withdrawn, after the girl child attaining 18 years of age
  • You can close the account after girl child attaining 21 years of age
  • No premature closer will be allowed after girl attaining 18 years of age, has to wait till 21 years to close the account
Review of Sukanya Samriddhi Account

Positives Of The Sukanya Samriddhi Scheme:
  • Higher interest rate of 8.1% comparing with any other post office schemes
  • A good security for girl child to meet the financial needs like marriage, education etc
  • You can avail income tax benefit up to 150000
  • Deposits can be made in lump sum or in small amounts
Negatives of Sukanya Samriddhi Account:
  • Have to wait up to 21 years of age to close the account
  • Only partial amount can withdrawn after  attaining 18 years of age
  • A penalty of Rs 50 will charged if you skipped an financial years without any deposits, at least has deposit  rs 1000 in a year