If you have opened an account under Sukanya Samriddhi Scheme, then this news is very important for you. Because the government has taken a big decision related to it this week. Let’s know about it.
new Delhi. The Sukanya Samriddhi Scheme 2020 of the Central Government is a very popular scheme among the common man. That is why, the common man keeps his eyes on every decision that comes to this. Let us tell you that there have been some changes in the government’s popular scheme Sukanya Samriddhi Yojana for daughters. Some of its rules have been removed. So, new rules have been introduced in their place. These rules have been notified. By the way, there is no significant change in the scheme. But, we are going to tell you about the small changes that have taken place.
1. Interest rate will not change despite account default
According to the rules of the scheme, it is necessary to deposit at least 250 rupees every year in the scheme. If this amount is not deposited then it will be considered as a default account. According to the new rules, if the account is not activated again, till the time of maturity, interest will be paid on the applicable rate for the scheme on the default account. This is good news for account holders. As per the old rules, interest on such default accounts was paid at the rate applicable to the post office savings account. The interest rate of post office savings accounts is very low as compared to Sukanya Samriddhi account. Where the interest rate of post office savings accounts is 4 percent now. At the same time, Sukanya Samruddhi gets 7.6 percent interest.
2. Can account prematurely close
According to the new rules of the scheme, Sukanya Samriddhi account has been allowed to be closed prematurely in the event of the daughter’s death or on compassionate grounds. Compassion includes conditions such as treatment of a fatal illness of the account holder or death of a parent. According to the old rules of the scheme, the account could be closed in two cases. First, it was possible in the event of the daughter’s death and second, the change of her living address.
3. Rules for opening accounts in case of more than two daughters
Account can be opened for two daughters under the scheme. However, after the birth of a daughter, if there are two twin daughters, then the account can be opened for all of them. According to the new rules, if more than two daughters have to open their account, affidavit will have to be submitted along with the birth certificate. Under the old rules, the guardian was only required to submit a medical certificate.
Also Read This: Here is How to Open Sukanya Samriddhi Yojana (SSY) Account?
4. Account Operating Rules
According to the new rules, until the daughter turns 18, she will not be allowed to operate the account. In the old rules, he was allowed to do so in 10 years. The new rules say that the parent will operate the account till the account holder turns 18. After the daughter is 18 years old, the necessary documents have to be submitted in the bank / post office where the account is open.
5. These are the other changes. In the
new rules, the provision for reversing the wrong interest in the account has been removed. Apart from this, interest will be credited to the account at the end of the financial year under the new rules.
know further which documents are required to
open account Sukanya Samriddhi account opening form. Birth certificate of child. Identity card of the depositor (parent or guardian) like PAN card, ration card, driving license, passport, etc. Certificate of the address of the depositor like passport, ration card, electricity bill, telephone bill etc. You can also use net-banking to deposit money. When the account is opened, the post office or bank in which you have opened the account gives you a passbook.
