Sukanya Samriddhi Yojana 2022

Online application for PM Sukanya Samriddhi Yojana 2022 is available here, Sukanya Samriddhi Yojana popularly known as SYY was launched in the year 2014 by the Government of India. It is a savings scheme launched as a part of “Beti Bachao, Beti Padhao” campaign. It is run by the Ministry of Women and Child Welfare, Govt. Of India This account can be opened by parents for girls under 10 years of age. Parents can open only two types of accounts for girls (they cannot open a third/fourth account). These accounts have a tenure of 21 years or till the girl child marries after the age of 18 years. If candidates are willing to open Sukanya Samriddhi Yojana 2022 account then this article is made for you. In this article, we have covered all the complete details about sukanya samriddhi yojana online form 2022 | PM Sukanya Samriddhi Yojana 2022 Apply online SSY Account 2022 Status & Benefits eligibility, age criteria, ssy account opening form other benefits.

The PM SSY scheme 2022 is one of the beneficial schemes launched by the central government to focus to encourage parents to save and maximize the funds for higher education and to meet the marriage expenses of the girls. Those who have 2 or 3 girls’ children and they are unable to do anything to their education and other field then they can apply for Sukanya Samriddhi Yojana 2022 to fill say account opening form.  Under the SSY scheme, a natural or legal guardian can open an account at an authorized bank or post office on behalf of her girl child. Sukanya Samriddhi Yojana is in force all over India.

Sukanya Samriddhi Yojana 2022

Sukanaya Samriddhi Yojana Overview

 

Eligibility for SSY Account 2022

By the following eligibility criteria of SSY Account as part of the Beti Bachao, Beti Padhao Yojana you can apply for this.

• According to the scheme, only females are eligible for this scheme.
• Sukanya Samriddhi account can be open only in the name of girl child by her parents or legal guardians.
• Multiple Sukanya Samriddhi accounts cannot be opened for a single girl child.
• Only two SSY accounts are allowed for one family i.e. one for each girl child.

SSY 2022 age limit

• To open this Sukanya Samriddhi account the girl’s age must be below 10 years. It is the responsibility of their parents / or legal guardians to open an account in the daughter’s name.
• A small exemption is applicable for girls born on or after 2 December 2003.

Benefits of Sukanya Samriddhi Yojna 2022

• The scheme has various tax benefits under Section 80C of the Income Tax Act.
• This scheme offers higher rate of interest as compared to other schemes of the market.
• The minimum amount to be deposited annually in the account is very low, i.e. Rs. 250 / -.
• The account under this scheme is transferable across India.
• Once a girl attains the age of 10, she can operate her account according to her wishes.
• Action is received on maturity of the account girl (having an SSY account).
• It has a minimum documentation requirement.
• This scheme is beneficial for both the girl and their parents/guardians as it helps both.

How to fill SSY Application Form

In order to open Sukanya Samriddhi Yojna Account, parents need to provide some of the important documents for sukanya samriddhi yojana online form 2022 in relation to girl baby whose name this Beti Bachao, Beti Padhao scheme investment made.   In below we have provided some of the important key areas which are indicated in the SSY application form

Once the all details have been filled out that we have given in below, you sigh out of filled application form & submitted it with the account opening authority (Post office/Bank Branch) along with copies of all applicable documents.

• Name of Girl Child (Primary Account Holder)
• Name of Parent/Guardian opening the account (Joint Holder)
• Initial deposit amount
• Cheque/DD Number and Date (used for initial deposit)
• Date of Birth of girl child
• Birth Certificate details of primary account holder (Certificate number, date of issue, etc.)
• ID Details of Parent/Guardian (Driving License, Aadhaar, etc.)
• Present and Permanent Address (as per ID document of parent/guardian)
• Details of any other KYC Documents (PAN, Voter ID card, etc.)

Amount Deposit

While opening this account, the depositor will have to pay 1000 / -. After the opening of that account they can deposit any amount subject and condition that they want. The minimum amount to be deposited is Rs. 250 and the maximum amount should not exceed one lakh fifty thousand at a time or multiple occasions in a financial year.

They can deposit that money on the girl’s behalf till the completion of the 14th year of the account opening date.

Sukanaya Samriddhi Mode of deposit  

• Cash
• Cheque or demand draft is drawn in favor of concerned bank manager or postmaster.

Sukanaya Samriddhi Yojana Interest

Interest rates of Sukanaya Samriddhi Yojana are fixed on a quarterly basis that notified by the government with current interest rate is 8.5%. It is compounded on an annual basis and credited to the account till the completion of fourteen years of opening the account.

The account holder can also opt for monthly interest option. In this case, the same will be calculated on the amount in the account only on the completed amount and the remaining balance or amount will continue to earn interest as per prevailing rates.

Interest Rate Revisions chart

 

Sukanaya Samriddhi Scheme Tax Benefits

• Amount received at maturity of the account when it is tax free. It is exempt from tax and ensures that the amount can be fully utilized in the development of the girl without payment of tax.
• Under this, interest is credited, which is credited to the account on an annual basis. There is no tax levied on this accrued / accumulated interest. This allows the funds under the scheme to be maximized.
• As per the Income Tax Act, all investments made under this scheme are eligible for the benefit of tax deduction. A maximum tax deduction of 1.5 lakh is allowed towards SSY.
• Tax exemption can be claimed by either the girl’s parents or legal guardian. Only a depositor is eligible for tax exemption under Section 80C of the Income Tax Act.

Authorized Banks for Sukanya Samriddhi Yojna

There are some of the authorized banks that authorized by the Reserve Bank of India (RBI to open Sukanya Samriddhi Yojana accounts. You can follow these banks to open SSY account in below.

• Allahabad Bank
• State Bank of India (SBI)
• Axis Bank
• Andhra Bank
• Bank of Maharashtra (BOM)
• Bank of India (BOI)
• Corporation Bank
• Central Bank of India (CBI)
• Canara Bank
• Dena Bank
• Bank of Baroda (BOB)
• State Bank of Patiala (SBP)
• State Bank of Mysore (SBM)
• Indian Overseas Bank (IOB)
• Indian Bank
• Punjab National Bank (PNB)
• IDBI Bank
• ICICI Bank
• Syndicate Bank
• State Bank of Bikaner & Jaipur (SBBJ)
• State Bank of Travancore (SBT)
• Oriental Bank of Commerce (OBC)
• State Bank of Hyderabad (SBH)
• Punjab & Sind Bank (PSB)
• Union Bank of India
• UCO Bank
• United Bank of India
• Vijaya Bank

Last Words

In the above, we have covered the completed details of PM Sukanya Samriddhi Yojana 2022 Apply online SSY status check benefits, in order to get more details of Sarkari updates like this then stay connected with studydesire.com career and education portal.

Keep in touch with our Leading Web Portal (StudyDesire.com). You can Bookmark our site also to get the latest Updates.

!!..Best Of Luck..!!

Like Us on Facebook