By
Shambhavi Mehrotra
,
1/11
What is Sukanya Samriddhi Yojana?
Also read: How to apply for Sukanya Samriddhi Yojana
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2/11
When can the account be opened?
The account will remain operative for 21 years from the date of its opening or till the marriage of the girl after she turns 18. To meet the requirement of the child's higher education expenses, partial withdrawal of 50 per cent of the balance is allowed after she turns 18.
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3/11
Rules for opening Sukanya Samriddhi Account
The birth certificate of the girl in whose name the account is opened should be submitted by the guardian at the time of the opening of the account in the post office or bank, along with other documents relating to identity and residence proof of the depositor.
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4/11
How much can be deposited?
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What happens if you do not put in minimum amount?
If the penalty is not paid, the entire deposit, including those made before the date of default, will receive interest at post office savings bank account rate.
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6/11
How is the interest rate calculated?
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Tax benefits of the scheme
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8/11
How does the account operate?
The Sukanya Samriddhi account will mature after 21 years from the date of opening of the account or at the time of marriage of the girl child after attaining age of 18 years (1 month before or 3 months after date of marriage).
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9/11
Can the account be closed prematurely?
In any other case, a request for the premature closure of an SSY account can be put forward after the completion of five years of the account opening. This too will be allowed, as per the rules, on extreme compassionate grounds such as medical support in life-threatening diseases. Still, if the account has to be closed for another reason, it will be allowed, but the entire deposit will only get interest of a Post Office Savings Bank account.
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10/11
Can the account be transferred?
The transfer is free of cost up on furnishing proof of shifting of residence of either the parent/guardian or account holder. If no such proof is submitted, then the applicant will have to pay Rs 100 to the post office or the bank to which the transfer is made.
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11/11
Rules for partial withdrawal
For this, not just a written application, but documentary proof in the form of a confirmed admission offer in an educational institution or a fee slip from such institution clarifying that such financial requirement, is required. Further, the withdrawal amount will be restricted to the actual demand of fee and other charges required at the time of admission as shown in the offer of admission or the relevant fee slip issued by the institution.
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