Sukanya Samriddhi Account for NRIs

This article provides detail on Sukanya Samriddhi account for NRI. Just to give the background the Girl child Prosperity was never so talked about before Sukanya Samriddhi Yojana was launched.  With this scheme, parents of girl child can have some relief for their future, at least in terms of financial spending.  The scheme offers a wonderful rate of interest along with tax saving and other unmatchable benefits. Lets check the details on whehter an NRI can open sukanya samriddhi account or not.

Sukanya Samriddhi Account Yojana NRI

Sukanya Samriddhi Account Yojana NRIs

The scheme was officially launched at the beginning of the year and since then a lot of parents have been enquiring about the scheme online.  Some of those parents are NRIs, who too want to secure the future of their girl child.  The details of the scheme are not really very clear in the official gazette; however, we can say that the scheme is not for NRIs.g

Non Resident Indians are not eligible for opening a Sukanya Samriddhi account for their daughters.  This is the status of the scheme as of now.  We are not sure if government permits NRIs too to get an account for their girl child in future.

There could be possibilities wherein sukanya samriddhi account for NRI can surely have SSA.  For example, the scheme permits every Indian to open SSA for their girl child.  A common Indian opens an account for their daughter and then moves abroad.  In that situation, the parents would continue to operate the account and reap the benefits of the scheme simply because they were resident Indian at the time of opening of Sukanya Samriddhi Account. This is bit complex but will happen and will get clear on this scheme gains maturity.

Those who have NRI status as of now can definitely not have an SSA account and if they want to look for a small saving scheme in India, that is fruitful enough too, can opt for schemes like PPF that offers an equally appreciable rate of interest.

As for common Indian from lower and middle income group, this scheme would certainly be helpful if they have daughters or are legal guardians of a girl child.  They can share their burden of huge amount of money that would be spent during their marriage and higher education by starting the savings effective immediately.

We will upate further information regarding sukanya samriddhi account yojana for NRI. Request our readers to visit the page after few days to check regarding SSAY NRI account.

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