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Invest Rs 14 lakh in Post Office Sukanya Samriddhi Yojana, gift your daughter Rs 46 lakh! Details inside

Post Office Sukanya Samriddhi Yojana: If you are the guardian of a new-born girl child, the best gift you can give her is financial security for life.

Post office Sukanya Samriddhi Yojana: If you are the parent of a new-c new-born girl child, the best gift you can give her is monetary security forever. Also perhaps the most ideal way to do that is opening a Post Office Sukanya Samriddhi account in her book.

Post Office offers a few reserve funds plans to assist people with turning out to be monetarily secure. One such is the Sukanya Samriddhi represent the girl child. It is a central government’s plan pointed toward getting the financial future of the girl child.


Any legal or natural can open the Sukanya Samriddhi account for the sake of the girl child. As per the authority India Post site, a legal guardian can open just one account for the sake of one girl child and limit of two accounts for the sake of two distinct girl children.

One can contribute at least Rs 1000 and a maximum Rs 1,50,000 in a monetary year in the Post Office Sukanya Samriddhi Yojana account. Subsequent deposit in the account can be made in numerous of Rs 100. The deposits can be made in single amount. There is no restriction on the quantity of deposits either in a month or in a Financial year.

The Post Office Sukanya Samriddhi Yojana account can be opened for the sake of the girl child under 10 years old.

Post Office Sukanya Samriddhi Yojana account interest rate: At present, the Post Office is offering  8.5% per annum interest rate (with effect from 1-01 -2018 ), calculated on yearly basis, yearly compounded.

Deposits in the Sukanya Samriddhi account needs to be made only for 14 years. At the current rate of interest, a yearly investment of Rs 1 lakh per year (Total= Rs 14 lakh), would return around Rs 46 lakh after 21 years. A yearly investment of just Rs 50,000 for 14 years, would return over Rs 23 lakh after maturity.  

Penalty: The account will be discontinued if one fails to deposit minimum Rs 1000 in a financial. It can be revived with a penalty of Rs 50 per year with minimum amount required for deposit for that year.

Partial withdrawal: Partial withdrawal, maximum up to 50% of the balance standing at the end of the preceding financial year, is allowed after the account holder becomes 18 years old.

Premature closure: Premature closure is allowed when the account holder becomes 18 years old or gets married. 

Source

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