Big Changes in Sukanya Samriddhi Yojana: Accounts at Risk if Rules Ignored, Secure Your Daughter’s Future Today!

As September has ended and October begins, a significant change has been made to the rules of the Sukanya Samriddhi Yojana (SSY) starting from October 1.

By Shailendra Kushwaha Updated: Oct 2, 2024, 14:51 IST

Samriddhi Yojna Rule Change 2024: As September has ended and October begins, a significant change has been made to the rules of the Sukanya Samriddhi Yojana (SSY) starting from October 1. According to the new guidelines, only a girl’s parents or legal guardians can open and manage the account under this scheme. This means that grandparents or other relatives can no longer operate the account.

Accounts Will Be Closed If Rules Aren't Followed

Under the revised rules of the Sukanya Samriddhi Yojana (SSY), effective from October 1, only the girl’s legal guardians can manage her account. If the account was opened by someone who is not her legal guardian, it must be transferred to the parents or legal guardians. Failure to do so may result in the account being closed.

Invest in Sukanya Samriddhi Yojana for Your Daughter's Future

The Sukanya Samriddhi Yojana was introduced by Prime Minister Narendra Modi in 2015 with the aim of securing the future of daughters by encouraging parents to start saving early. This long-term scheme offers a good investment option for parents who want to build a secure financial future for their daughters.

Open an Account with Just ₹250

The government provides an interest rate of over 8% on this scheme (Sukanya Samriddhi Yojana Interest Rate 2024). The account can be opened from the time of the girl’s birth until she reaches the age of 10. Additionally, only one Sukanya Samriddhi Account can be opened per daughter. You can deposit a minimum of ₹250 and a maximum of ₹1.5 lakh annually in this account.

The parents manage the account until the daughter turns 18, meaning only they can deposit, withdraw, or make any changes to the account. Once the daughter reaches 18, she gains control of the account and can manage it herself.

How to Open a Sukanya Samriddhi Yojana Account

If you wish to open a Sukanya Samriddhi Yojana account for your daughter, you can visit your nearest post office or any participating bank. There, you will receive all the necessary details and documents required to open the account. You will need to provide essential information about yourself and your daughter, along with submitting some required documents to complete the process.