In 2015, the Narendra Modi government launched the Sukanya Samriddhi Yojana (SSY) for the girl child. Through this scheme, you can arrange a huge amount for your daughter’s marriage or education. In the current financial year, the government has changed an important rule related to Sukanya Yojana.
Now PAN and Aadhaar card have been made mandatory for investing in post office schemes like Sukanya Samriddhi. Aadhaar number or Aadhaar enrolment slip is now mandatory for investment. If the Aadhaar number is not available at the time of opening the account, then proof of enrolment slip for Aadhaar number will have to be given. Apart from this, the information of the Aadhaar number has to be given within six months from the date of opening the account. Explain that earlier investment could be made even without Aadhaar.
What will happen if you don’t do it?
If you do not give information about the Aadhaar number, then you will not be able to invest in the account. According to a notification of the Finance Ministry, PAN or Form 60 will have to be submitted while opening accounts of post office schemes like Sukanya Samriddhi. If PAN has not been deposited at the time of opening the account, then it has to be submitted within two months in certain circumstances.
About the scheme
Explain that 8 percent interest is being given by the government for Sukanya Samriddhi. In sukanya samriddhi yojana, no more than Rs 1.5 lakh can be deposited in a year. At the same time, the account can also be opened with an investment of at least Rs 500. In this scheme, an account can be opened for daughters from 1 to less than 10 years of age. Even after the maturity of this account, you will not have to pay any tax. It is exempt from tax under Section 80C of the Income Tax Act.
