Sukanya Samridhi Yojana: India Post allows customers to invest their money in saving schemes run by the government of India. Presently you can invest your money in Public Provident Fund, Recurring Deposit, Sukanya Samridhi Yojana, Pradhan Mantri Jeevan Jyoti Beema Yojna, and other schemes. You can also take care and bike insurance from India Post Payments Bank (IPPB).
You can open Saving Bank Account at India Post and invest in nine different saving schemes that are currently offered.
Most people currently deposit their premiums every month by depositing cash in their accounts. It can be a tiring task to go to a bank to deposit the amount in a bank account.
But you do not have to go through the hassle and you can do it online from your home.
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What Is Sukanya Samridhi Yojana?
Sukanya Samridhi Yojana is a government-backed saving scheme targeted at parents with girl children. The scheme encourages parents to build a fund for the education and marriage of their girl child. The scheme was launched by Prime Minister Narendra Modi in 2015 and is currently active. It was part of the “Beti Bachao, Beti Padhao” campaign.
The scheme provides tax benefits and an interest rate of 7.6% earlier which was 8.5%.
When You Can Start Investing
The account can be opened by a parent/guardian just after the girl child is born. However, you should start the scheme before the girl attains 10 years of age. Parents can open a maximum of two accounts, one for each child. Exceptions are provided for twins and triplets.
What Is The Minimum Deposit?
Rs 250 can be deposited in the account initially and after that, any sum can be deposited in multiples of 100. The maximum limit to deposit in the account is Rs 1,50,000 per annum. Parents have to make a minimum deposit of Rs 250 annually failing to which can cause a fine of Rs 50.
What Is The Maturity Period?
Parents can withdraw 50% of the total amount when the girl child becomes 18 for purpose of higher education. The account matures after 21 years from the date of opening the account. The money can be deposited in the account only till 15 years from the date of account opening.
How You Can Deposit Money Online In Sukanya Samridhi Yojana?
- Add money to IPPB account via online money transfer.
- Open Online Banking Portal of IPPB
- Go to the DOP Products section.
- Select the account in which you want to invest. (there will be options such as RD, PPF, Sukanya Samridhi Yojna)
- Select Installment Account and pay the premium.
- After you deposit the premium, you will get a notification from IPPB.