Sukanya Scheme withdrawal before maturity
You can withdraw the money from Sukanya Yojana before maturity, some conditions have been fixed for this.
To secure the future of daughters, the Central Government is running the Sukanya Samriddhi Yojana under the Small Savings Scheme. The government is giving the highest interest rate of 7.6 percent on deposits for Sukanya as compared to other small savings schemes. If the parents can withdraw the money from Sukanya Yojana before maturity. However, some conditions have been set for this.
Benefits of Sukanya Yojana
Sukanya Samriddhi Yojana was launched in the year 2015.
This scheme of small savings has been started under the Beti Bachao-Beti Padhao mission.
Under this scheme, at least Rs 250 to Rs 3 thousand can be deposited every month.
The limit for depositing the maximum amount annually has been fixed at Rs 1.5 lakh.
An account can also be opened in the name of the daughter in the bank or the nearest post office.
In this scheme, the amount can be deposited for 15 years by opening an account in the name of the daughter.
The account of this scheme matures when the daughter completes 22 years.
For Sukanya Yojana, the account of a girl child below 10 years of age can be opened.
The highest interest rate in 12 schemes
This is the highest interest rate scheme with income tax exemption under the Small Savings Scheme. Interest rate is being given at the rate of 7.6 percent for Sukanya Yojana. Which is the highest as compared to the rest 12 small savings schemes.
You get 9 lakhs on depositing 3 thousand
If Rs 3,000 is deposited every month under Sukanya Samriddhi Yojana, then this amount becomes Rs 36,000 in a year. This amount becomes more than Rs 9,00,000 when the scheme matures i.e. after 15 years when interest is added at the rate of 7.6 percent.
Can withdraw money in between
The central government has relaxed the withdrawal of 50 percent of the amount in between due to the long investment period and maturity year in the Sukanya Yojana. According to the rule, 50 percent of the deposited amount can be withdrawn after the daughter completes 18 years of age. Some part of the deposited amount can be withdrawn three months before or even after two months of the daughter’s marriage. Apart from this, some parts can also be taken out for the studies of the daughter after the 10th. For all this, related documents will have to be attached along with the daughter’s photo ID and request form.