Last Date of Sukanya Samriddhi Account is something everyone is asking and this article will provide the details on last date. There has been no better financial scheme for girl child in India than Sukanya Samriddhi Yojana under the campaign ‘Beti Bachao, Beti Padhao’. As per the scheme, parents or legal guardians of girl child below the age of 10 years can open a saving account which would mature at the time of the girl’s marriage or higher education.
The scheme would also provide complete tax benefits under section 80C of income tax. The tax benefit comes along with the scheme in order to promote more and more parents to open SSA for their daughters and thus secure her for a bright future.
Last Date of Sukanya Samriddhi Account
At the same time, the scheme would make girl children more independent and thus the fate of girl child would improve in India substantially.
With so many benefits, the news has already spread like a fire across India and lots and lots of people are enquiring online about various eligibility conditions and features associated with Sukanya Samriddhi Account.
One of the most enquired querries about Sukanya Samriddhi Account in the recent past has been people asking about the last date of this scheme.
The answer to their question is: THERE IS NO LAST DATE OF SUKANYA SAMRIDDHI ACCOUNT YOJANA.
Sukanya Samriddhi Account is a kind of normal saving account, which could be opened in the name of a girl child by legal guardians or parents of the girl before she is 10 years age.
Just like we keep depositing whatever spare money we have in our saving account, parents and guardians can keep depositing money to Sukanya Samriddhi Account as much as possible to let the account have a decent amount, much enough to cater to the girl’s marriage and higher education.
For those who mean THE LAST DATE FOR SUKANYA SAMRIDDHI ACCOUNT in terms of availing tax benefits, then it is 31st of March, i.e. end of the respective fiscal year.
The minimum contribution that is required in an account per fiscal year is Rs 1000 and the maximum a parent or guardian can deposit or avail tax benefits is Rs 1.5 lakh.
There is no minimum or maximum number of times you need to deposit money in the account. That means, if someone has Rs 300 spare in his pocket, he can walk up to his branch and deposit that in the SS account.
On the other hand, if you have Rs 1.25 lakh spare with you and you want to secure this amount for your daughter, you can deposit this directly to your daughter’s Sukanya Samriddhi Account. You can check the Sukanya Samriddhi account calculator also to find the amount you can expect to get after maturity.
Sukanya Samriddhi account in SBI
Drawbacks of Sukanya Samriddhi account