How can I submit proof for Sukanya Samriddhi Yojana for tax exemption?

You need to submit a physical copy of the following documents:

  1. Birth certificate of the girl child.
  2. Identity and address proof of the guardian.
  3. In the case of birth multiple girl children in a single order of birth, medical certificate for proof on the same.
  4. Any other documents as required by the post office or banks.

What are the documents required for Sukanya Samriddhi Yojana?

Documentation

  • SSY Account Opening form.
  • Birth Certificate of the girl child, having the child’s name on it.
  • Photograph of the parent/ legal guardian of the girl child.
  • KYC Documents (Identity & Address Proof) of the parent/ guardian.
  • For the list of KYC documents, click here.

What is Sukanya Samriddhi Yojana rules?

Sukanya Samriddhi Yojana has a tenure equal to the time the girl child is 21 years of age or upon her marriage after attaining the age of 18 years. However, contributions only need to be made for 15 years. Thereafter the SSY account continues to earn interest until maturity even if no deposits are made into it.

How much I will get in Sukanya Samriddhi Yojana?

The scheme revolves around the objective of welfare of women and the girl child in India. With a minimum contribution of Rs. 250, applicants of the scheme can get higher returns of 7.6% and tax benefits of maximum Rs. 1.5 lakh under section 80C of the Income tax Act (1961).

Can parents withdraw Sukanya samriddhi?

You can opt for partial withdrawal of up to 50% of the balance of your Sukanya Samriddhi account for two reasons: marriage or higher education of the girl child. If you make the withdrawal for your child’s higher education, the account holder must be 18 years old and she also needs to have completed the tenth standard.

Can both parents claim Sukanya Samriddhi Yojana?

This depositor could either be a parent or a legal guardian. While contributions towards this scheme are eligible for tax deductions, only one depositor can claim tax exemptions under Section 80C of the Income Tax Act. This means that either a parent or a legal guardian can claim exemptions, not both.

Which scheme is best for girls?

Top 10 Government Schemes for Ensuring the Welfare of the Girl Child in India

  • Beti Bachao Beti Padhao.
  • Sukanya Samriddhi Yojana.
  • Balika Samridhi Yojana.
  • Mukhyamantri Rajshri Yojana.
  • Mukhyamantri Laadli Yojana.
  • CBSE Udaan Scheme.
  • National Scheme of Incentives to Girls for Secondary Education.
  • Mukhyamantri Kanya Suraksha Yojana.

Is birth certificate mandatory for Sukanya Samriddhi Yojana?

Birth certificate is one of the important documents that is needed in order to open a Sukanya Samriddhi Account but since there is a possibility many people might not have the certificate, the government has chalked out alternative through which the account can be opened.

What if girl dies in Sukanya Samriddhi Yojana?

The account can be closed prematurely on the untimely death of the accountholder. At the end of the year, a payment of Rs. 50 has to be made over the minimum annual deposit towards the Sukanya Samriddhi Yojana savings scheme as a confirmation for reviving the account.

Which govt scheme is best for girl child?

Sukanya Samriddhi Yojana is a Small Savings Scheme of the Government of India meant exclusively for a girl child. The scheme is meant to meet the education and marriage expenses of a girl child.

Which date is best to deposit in Sukanya Samriddhi Yojana?

If you invest in Sukanya Samriddhi Yojana Account on or before the 10th of the month, you will be entitled to receive interest (currently at the rate of 8.1 % per annum) for that particular month.