10 Lines on Sukanya Samridhi Yojana | 5 Lines on Sukanya Samridhi Yojana | Few Important Lines on Sukanya Samridhi Yojana in English

10 Lines on Sukanya Samridhi Yojana | 5 Lines on Sukanya Samridhi Yojana | Few Important Lines on Sukanya Samridhi Yojana in English

 

10 Lines on Sukanya Samridhi Yojana/ 5 Lines on Sukanya Samridhi Yojana/ Few Important Lines on Sukanya Samridhi Yojana in English: Students in various classes are looking for 10 Lines on Sukanya Samridhi Yojana in english. Here in this article we will provide 10 Lines on Sukanya Samridhi Yojana, 5 Lines on Sukanya Samridhi Yojana and Few Important Lines on Sukanya Samridhi Yojana in English. These 10 Lines on Sukanya Samridhi Yojana are important If you have been given an assignment from school to write 10 lines on Sukanya Samridhi Yojana in English or 5 lines on Sukanya Samridhi Yojana in English then you can refer to the points given in the below article.

10 Lines on Sukanya Samridhi Yojana Details

We are providing below 10 Lines on Sukanya Samridhi Yojana in English. These 10 Lines on Sukanya Samridhi Yojana have been written in simple language, yet emphasis has been made to elaborate on every aspect of the Sukanya Samridhi Yojana.

Topic	Sukanya Samridhi Yojana
Material	10 Lines on Sukanya Samridhi Yojana /5 Lines on Sukanya Samridhi Yojana/Few Lines on Sukanya Samridhi Yojana
Language	English
For	Students of any Class 1-12
Format	Text
Provider	Teacher Text

How to Find 10 Lines on Sukanya Samridhi Yojana in English or 5 Lines on Sukanya Samridhi Yojana in English?

1. Visit our website Teacher Text.
2. Now search for the main 10 Lines articles.
3. Once on the main page search for the particular topic i.e Sukanya Samridhi Yojana.
4. Click on the 10 Lines on Sukanya Samridhi Yojana in English page to complete your assignment.

10 Lines on Sukanya Samridhi Yojana in English

Students of any class who are looking for 10 Lines on Sukanya Samridhi Yojana in english can refer to the 10 lines about Sukanya Samridhi Yojana in below points:

1. Sukanya Samriddhi Yojana is launched by the central government of India.
2. It was launched on the 22nd of January 2015.
3. This scheme is to encourage the parents of the girl child to save money for their future.
4. Under this scheme, the guardians of girls under the age of 10 open a saving account for their daughters.
5. There is a provision of only one saving account for a daughter.
6. A guardian can maximum have accounted for two daughters each and 3 daughters for each in case two of them are twins.
7. The guardian has to deposit the amount from Rs 1000 to Rs 150000 in a year in the account.
8. The amount will be deposited until the 14 years of the opening of the account.
9. The guardian can withdraw 50% of the saved amount after the girl attains the age of 18.
10. The account will be matured after the 21 years of the opening of the account.

5 Lines on Sukanya Samridhi Yojana in English

Students of any class who are looking for 5 Lines on Sukanya Samridhi Yojana in english can refer to the 10 lines about Sukanya Samridhi Yojana in below points:

1. Sukanya Samriddhi Yojana is a part of the scheme of the government ‘Beti Bachao Beti Padhao’.
2. Under the scheme, the accounts can be opened in the post offices or any designated bank.
3. The rate of interest on saving will be around 9%.
4. In case of failure of the monthly payment, there will be a charge of Rs 50 annually.
5. The account will be free from the income tax.

Few Important Lines on Sukanya Samridhi Yojana in English

Also, these are a few important lines on Sukanya Samridhi Yojana in English if any students require them.

1. The account holder has the facility to transfer the account free of cost.
2. The account can be opened with a minimum deposit of Rs 250.
3. 50% of the amount can be withdrawn for her higher studies when she reaches the age of 18.
4. If the girl marries before 21 years of the opening of the account, she will have to close the account.
5. For opening the account, the documents required are a birth certificate, Identity card, and residential certificate.

More Details about Sukanya Samridhi Yojana

Sukanya Samriddhi Account (Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child.

The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign. The scheme currently provides an interest rate of 7.6% (for Apr-July 2021

quarter) and tax benefits. The account can be opened at any India Post office or branch of authorised commercial banks.

The Sukanya Samriddhi Account Rules, 2016 was rescinded on 12 December 2019 and the new Sukanya Samriddhi Account Scheme, 2019 was introduced.

 

The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 in Panipat, Haryana. The accounts can be opened at any India Post office or a branch of some authorised commercial banks. Initially, the interest rate was set at 9.1% but later revised to 9.2% in late March 2015 for FY2015-16. Interest Rate have been revised for FY 2021-22 to 7.6%[1].

The account can be opened anytime between the birth of a girl child and the time she attains 10 years age by the parent/guardian. Only one account is allowed per child. Parents can open a maximum of two accounts for each of their children (exception allowed for twins and triplets). The account can be transferred to anywhere in India.

A minimum of ₹250 must be deposited in the account initially. Thereafter, any amount in multiples of Rs 100 can be deposited. However, the maximum deposit limit is ₹150,000. If the minimum deposit of ₹250, (initially which was 1000) is not made in a year, a fine of ₹50 will be put on.

The girl can operate her account after she reaches the age of 10. The account allows 50% withdrawal at the age of 18 for higher education purposes. The account reaches maturity after time period of 21 years from date of opening it. Deposits in the account can be made till the completion of 15 years, from the date of the opening of the account. After this period the account will earn only applicable rate of interest. If the account is closed, then it will not earn interest at the prevailing rate. If the girl is over 18 and married, normal closure is allowed.

 

FAQs Regarding 10 Lines on Sukanya Samridhi Yojana in English | 5 Lines on Sukanya Samridhi Yojana in English

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