Sukanya Samriddhi Yojana 2023 

Yojana: You see about of  Sukanya Samriddhi Yojana. This yojana is a very most popular in India.  So you can read this article. All info update in this post: like a how to fillip form, download application form, how to check balance and benefit of this yojana

How to fill Sukanya Samriddhi Yojana Application Form

The Sukanya Samriddhi Yojana Application Form requires applicants to provide some key data regarding the girl child in whose name the investment will be made under the Beti Bachao, Beti Padhao Yojana. Details of the parent/guardian who will be opening the account/making deposits on her behalf are also required. The following are the key fields that are featured in the Sukanya Samriddhi Yojana Application Form: 👇👇 

👉 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.)

👉 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 an initial deposit)

How to Download Sukanya Samriddhi Yojana Application Form Online ?

Sukanya Samriddhi Yojana Account Application form can be downloaded from various sources such as: 👇👇

👉 The Reserve Bank of India Website

👉 The India Post Website

👉 Individual websites of public sector banks (SBI, PNB, BoB, etc.)

👉 The websites of participating private sector banks (e.g. ICICI Bank, Axis Bank and HDFC Bank)

👉 Click hear Download Form

Calculation Example of Sukanya Samriddhi Yojana Account Deposits

The following is a sample calculation showing the high returns you can get by making contributions to the Sukanya Samriddhi Yojana. The benefit of any investment can only be determined based on how much the investment grows over time.

👇 Let’s assume the following 👇

The girl child is born in 2020 and the parents start the SSY account for her in the same year. The account will finally mature after 21 years where the girl child will get the complete maturity amount.

👉 Annual investments = Rs. 1 lakh 👈

👉 Investment Period = 15 years 👈

👉 Total amount invested at the end of 15 years = Rs. 15 lakh 👈

👉 Interest rate for 1 year= 7.6% 👈

👉Interest at the end of 21 years= Rs. 28,95,386 👈

👉 Maturity Value at the end of 21 years= Rs. 43,95,389 👈

Benefits of Investing in Sukanya Samriddhi Yojana 

Sukanya Samriddhi Yojana( सुकन्या समृद्धि योजना ) introduced as part of the Beti Bachao, Beti Padhao Yojana initiative, provides investors with a range of benefits. Some of the key benefits of this scheme for the benefit of the girl child are as follows:

👉 Sukanya Samriddhi Account can be opened for more than two girls in some special cases which are-

👉 Long term investment hence provides the benefit of compounding

👉 Can be freely transferred from one part of the country to another (bank/post office) in case of transfer of parent/guardian operating the Sukanya Samriddhi Account

👉 If a girl child is born after the birth of twin or triplet girls, third SSY account cannot be opened

👉 Flexible investment option with a minimum deposit of Rs. 250 in a year (max. Rs. 1.5 lakh per annum)

👉 Guaranteed returns instrument backed by the Government of India (sovereign guarantee)

👉 A higher fixed rate of return (currently 7.6% per annum for Q1 FY 2020-21) as compared to other  government-backed tax saving schemes such as PPF

👉 If a girl child is born before the birth of twin or triplet girls, or triplets are born at first then a third account can be opened

👉 Provides tax deduction benefits under Section 80C up to Rs. 1.5 lakh annually

Eligibility for Sukanya Samriddhi Yojana Account

The following are the key eligibility criteria for opening an SSY Account as part of the Beti Bachao, Beti Padhao Yojana 👇 👇

👉 Sukanya Samriddhi Account can be opened only in the name of the girl child by her parents or legal guardians

👉 The girl child has to be below the age of 10 at the time of account opening

👉 Multiple Sukanya Samridhhi accounts cannot be opened for a single girl child

👉 Only two SSY accounts are allowed for a family i.e. one for each girl child