I already have Sukanya Samriddhi scheme for my 2 daughters which i had opened last year, Recently i heard a proposal where 1.5 lac rs can be deposited per year. Please can u elaborate and also mention the maturity amount for the same for the same.
Since the launch of the scheme minimum and maximum deposit amount have remained unchanged.
You can deposit maximum of Rs 1,50,000 in each of your daughters account in a year.
However keep in mind that for tax purposes this scheme comes under sec 80C for claiming exemption. And exemption limit under this section is Rs 1,50,000 only.
Hence if you deposit Rs 1,50,000 in eachdaughter’s account, you will in effect be depositing Rs 3,00,000 under this scheme in a year. However you will be able to claim exemption on Rs 1,50,000 only.
In case your wife has seprate source of income from you and files a independent tax return, then she can deposit funds in 1 daughter’s account and claim exemption for same.
In this manner you both can claim exemption on entire deposits made by you into your daughter’s accounts.