Age Limit in Sukanya Samriddhi Account
This article provides detail on age limit in sukanya samriddhi account yojana. Under the ‘Beti Bachao, Beti Padhao’ campaign, Sukanya Samriddhi Account Yojana has gained lot of popularity. Since the scheme offers a secure financial future for the girl child and full income tax savings under 80C along with offering a high rate of interest, it has become quite famous among parents and guardians of a girl child.
More and more people are enquiring about the details of the schemes and are trying to find out various aspects of opening a Sukanya Samriddhi Account. Under Sukanya Samriddhi Scheme, only one account could be opened for any girl in any of the post offices and nationalized banks listed by Reserve Bank of India. But the most common question we all have is what is the age limit of girl child to open this account and what proof is required. Don’t worry we have provided all the relevant details!
Age Limit in Sukanya Samriddhi account scheme
Account can be opened for any girl child in India who has not yet attained an age of 10 years. Since the plan has been recently launched, there is certainly a relaxation of one year for girls who have attained an age of ten year by 01st December 2014 ie girls born on or after 02.12.2003, only in case if their account is opened by 01st December 2015.
Proof of Age of the Girl Child
Since the scheme is tenure intensive, the opener of the account needs to validate the age of the girl while opening the account. To verify her age, a Certificate of Birth of the girl child would be required which should be issued from a competent government authority. Please read this for list of Documents Required
Domicile of the girl child is not a problem
A girl child may be born in any part of India and the account can be opened in any other part of the country. Since, the Sukanya Samriddhi Account is transferrable, any Certificate of Birth issued anywhere in India would be acceptable for opening of the account.
Age limit for maturity or partial withdrawal of Sukanya account
The tenure of Sukanya Samriddhi Account is 21 years from the date of opening of SSA. Hence, the maturity of the account has nothing to do with the age of the child. However, the sooner the account is opened for a girl child, the sooner would she receive the maturity amount.
However, a partial withdrawal of not more than 50 per cent is permissible under the scheme for marriage or higher education of the girl child. Since, the legal marriage of a girl can happen only after 18 years of her age, the partial withdrawal too would take place only after she attains an age of 18 years.
Sukanya Samriddhi Account is an excellent way to secure the future of a girl child. Girls, especially in India are brought up by the parents and they move out of the family once they get married. Since, their marriage is a financial burden for the parents in middle and lower income groups of the society, this scheme would serve a security for the parents as well as the girl child for a carefree future.
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