Although there are many schemes for the upliftment of daughters in the country, but the scheme we are going to tell you about is called Sukanya Samriddhi Yojana. By investing in this scheme, you will bear all the expenses from your daughter’s education to marriage. The scheme offers an annual interest rate of 7.6%. This scheme can be invested at a post office or bank. Through this scheme, you get tax exemption of up to Rs 1.5 lakh under Income Tax Rules. But recently the government has made many changes in this scheme, which is very important for you to know.
So far, Sukanya Samriddhi Yojana account can be closed on the death of the daughter or the address of the residence. But now the fatal disease of the account holder has also been included in this scheme. After which you can close this account. Apart from this, the account on the death of the parent can also be closed ahead of time. Earlier, the account of two daughters was given tax exemption under Section 80C of the Income Tax Act.
But now the birth of a third daughter and investment in her name can also be exempted under Section 80C of the Income Tax Act. If there are twins, then provision has been made to open an account for both. Till now, the daughter was able to operate her account when she was 10 years old. But now the account of Sukanya Samriddhi Yojana will get the right to operate only after the daughter turns 18 years old. First the daughter’s parents could operate this account.
