Learn what the Sukanya Prosperity Plan is - how to take advantage of it

Learn what the Sukanya Prosperity Plan is - how to take advantage of it 
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The declining gender ratio in India has become a concern for every category.  There are several schemes being run by the government for the study, health and other needs of women.  The Central Government has launched the Sukanya Enrichment Scheme to encourage the study of young women.
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 The purpose of the Sukanya Samruddhi Yojana is to ease the expenses of daughters' studies and their marriage.  Under the scheme, an account can be opened at the Sukanya Samriddhi Yojana near the post office for the daughter's studies and marriage.  A separate counter will also be opened in Suvidya Center to open an account in any post office of the postal department.  After submitting the required documents, an account can be opened.
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 This is the plan
 - In Sukanya Samruddhi Yojana account you can deposit Rs. 1 to Rs. 1 lakh to Rs.
 - This money has to be deposited for 14 years after opening the account and this account will be matched only after the daughter is 21 years old.
 - Under the rules of the scheme, the daughter can withdraw half the money as she is 18 years old.
 - After 21 years the account will be closed and the money will be returned to the guardian.
 - If the daughter gets married between the ages of 18 and 21 then the account will close at that time.
 - If the payment is late in the account only a penalty of Rs. 50 will be imposed.
 In addition to the Post Office, several government and private banks are opening accounts under this scheme.
 - The account will be exempted under Section 80-G of Income Tax Act under the Sukanya Samrudhi Yojana.
 - The guardian can also open two accounts for his two daughters.
 - If there are twins, the guardian will be able to open the third account only by giving them proof.  The parent can transfer the account anywhere.
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 Under the scheme, if a person opens an account for Rs 1000 a month in 2015, he has to spend 12 thousand rupees per year for 20 years, meaning 14 years.  At present, the interest rate will be 8.6% per annum. If the child becomes 21, he will get Rs 6,07,128.  It is worth mentioning that the total amount of Rs 1.68 lakh has to be deposited in the guardian account in 14 years.  The balance is Rs 4,39,128 interest.

  Document required for the plan
 - The child's birth certificate
 - Address proof
 - ID proof

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