Sukanya Samriddhi Yojana in Marathi is a government-backed savings scheme that aims to promote the welfare and empowerment of the girl child. Launched by the Government of India, this scheme has gained immense popularity due to its attractive interest rates and tax benefits. Through this article, we will delve into the details of Sukanya Samriddhi Yojana in Marathi, exploring its features, benefits, eligibility criteria, and how to open an account. So, let’s dive right in!
Understanding Sukanya Samriddhi Yojana in Marathi
What is Sukanya Samriddhi Yojana in Marathi?
Sukanya Samriddhi Yojana in Marathi is a government initiative under the Beti Bachao, Beti Padhao campaign. It aims to promote the welfare and financial security of the girl child in the Indian society. This scheme offers a long-term investment option with attractive interest rates and tax benefits.
Key Features of Sukanya Samriddhi Yojana in Marathi
Sukanya Samriddhi Yojana in Marathi comes with several attractive features that make it a preferred choice for parents and guardians. Here are some key features of the scheme:
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High Interest Rates: The scheme offers an impressive interest rate, which is revised quarterly by the government. As of now, the interest rate stands at 7.6%.
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Tax Benefits: Contributions made towards Sukanya Samriddhi Yojana in Marathi are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned and the maturity amount are also tax-free.
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Long Tenure: The scheme has a long tenure of 21 years from the date of opening the account. This provides ample time for the investment to grow and accumulate a substantial corpus.
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Flexible Deposit Options: With Sukanya Samriddhi Yojana in Marathi, you can choose to make deposits as per your convenience. The minimum deposit amount is INR 250, while the maximum limit is set at INR 1.5 lakh per year.
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Partial Withdrawals: The scheme allows partial withdrawals once the girl child reaches the age of 18 years. This feature ensures that the funds can be utilized for her education, marriage, or other essential expenses.
Eligibility Criteria for Sukanya Samriddhi Yojana in Marathi
To avail the benefits of Sukanya Samriddhi Yojana in Marathi, certain eligibility criteria need to be fulfilled. Here are the key requirements:
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Age Limit: The girl child should be below the age of 10 years at the time of opening the account.
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Residency: The scheme is open to resident Indian citizens only. Non-resident Indians (NRIs) are not eligible to open an account under Sukanya Samriddhi Yojana.
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Number of Accounts: Only one account per girl child is allowed. In case of multiple births (twins or triplets), a maximum of two accounts can be opened.
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Documentation: The guardian or parent needs to provide necessary documents such as birth certificate, identity proof, and address proof while opening the account.
Opening an Account under Sukanya Samriddhi Yojana in Marathi
Opening an account under Sukanya Samriddhi Yojana in Marathi is a straightforward process. Here’s a step-by-step guide to help you get started:
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Locate a Post Office or Bank: Visit the nearest post office or authorized bank branch that offers Sukanya Samriddhi Yojana in Marathi. Collect the account opening form from the respective institution.
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Fill the Form: Fill in the necessary details in the account opening form. Provide accurate information and ensure that all the required documents are attached.
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Submit the Form: Submit the filled-in form along with the supporting documents at the post office or bank. Pay the initial deposit amount to open the account.
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Receive the Passbook: Once the account is opened, you will be issued a passbook that contains all the relevant details, including the account number, deposit amount, and interest earned.
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Regular Deposits: Make regular deposits into the account based on your financial capacity. Remember, the minimum deposit amount is INR 250, and the maximum limit is INR 1.5 lakh per year.
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Monitor the Account: Keep track of the account balance, interest earned, and maturity date by updating the passbook regularly.
Frequently Asked Questions (FAQs)
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Can I open a Sukanya Samriddhi Yojana account for my niece?
Yes, as a guardian, you can open a Sukanya Samriddhi Yojana account for your niece if you meet the eligibility criteria.
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What happens if I miss depositing the minimum amount in a particular year?
If you fail to deposit the minimum amount in a specific year, your account will be considered as a default account. To reactivate the account, a penalty of INR 50 per year needs to be paid along with the minimum deposit for that year.
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Can I withdraw the entire amount before the completion of the account tenure?
No, the entire amount cannot be withdrawn before the completion of the account tenure. Partial withdrawals are allowed only after the girl child attains the age of 18 years.
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Is there any penalty for premature closure of the account?
Yes, in case of premature closure of the account, a penalty of 1.5% on the interest earned will be levied.
Conclusion
Sukanya Samriddhi Yojana in Marathi is a remarkable scheme that not only encourages the financial security of the girl child but also promotes their overall development. With attractive interest rates, tax benefits, and flexible deposit options, this scheme provides a solid foundation for building a bright future for the girl child. By opening an account under Sukanya Samriddhi Yojana in Marathi, you invest in their dreams and aspirations, paving the way for a better tomorrow. So, take advantage of this government initiative and secure the future of your girl child today!