Eligibility Criteria for Sukanya Samriddhi Account Yojana [Age Limit And Age Extension]
Eligibility Criteria for Sukanya Samriddhi Account (SSA). Though there were many small saving schemes, implemented under the reign of the former government, the nation has seen a flood of Yojanas under the BJP government, in the leadership of PM Narendra Modi. He maintained from the very first day that a lot needs to be done for the development of the female children in the nation. Without securing their future, the country will never be able to progress. Thus, the Sukanya Samriddhi Yojana was launched and implemented with immediate action.
According to the official reports, the percentage of people, inventing in the small and domestic saving plans got reduced. What was around 38% in the year 2008 went down to 30% in the year 2013. The Sukanya Samriddhi scheme is a step taken by the government to urge people in investing in these schemes more. Apart from this, the main aim of the government is to empower the female children. Under this program, the parents will get an opportunity to save a significant amount for their daughters. The money can be used in the future for facilitating the higher education and marriage.
Sukanya Samriddhi Yojana: Eligibility Criteria
Once you have received a general idea about the scheme, it is time that you take a closer look at the various criteria that the interested candidates will have to meet, in order to be a part of the scheme. The following are the main points of consideration:
- For the female child: According to the rules laid down under the scheme, the small investment saving account can only be operated on behalf of the minor female child. As per the regulations, the actual age of the girl child must be below 10 years. Thus, the legal guardian or the parents will have to support the claim of age with appropriate documents.
- For the parents: As per the guidelines of the scheme, only the legal caretaker or the parents of the female child will have the authority of opening the saving account. Now, the catch is, any one of the parent will get the opportunity of opening the small savings account.
- Number of Sukanya Samriddhi accounts: According to the rules and regulations of the Sukanya Samriddhi Yojana, any one of the parents or the legal caretaker of the female child will get an opportunity of opening only two saving accounts under the program. These two accounts will be for two separate female children.
- For triplets or twins: The rules of the scheme state that the parents or the guardian are entitled to open a maximum of two accounts for two female children. If the couple has twins or the mother gives birth to triplets, the parents will be permitted to open a maximum of three SSY accounts for safeguarding the future of each child.
All the points mentioned above will be able to give you general information about the things, which are required for opening the Sukanya Samriddhi Account, for safeguarding the financial future of their daughters. As the interest rate under the SSY is high, it is expected to encourage more and more people in investing and saving under the scheme.
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