Sukanya samriddhi yojana ssy is a governmentbacked savings scheme as part of the beti bachao, beti padhao yojana for the benefit of the girl child. Circle, sukanya samriddhi account, deposit in rupees. So just have to download the application form, print this application form and then submit the applicatin form to the post office where you want to open sukanya samriddhi account. Sukanya samriddhi yojana is a small deposit scheme of the government of india meant exclusively for a girl child and is launched as a part of beti bachao beti. About ppf or public provident fund public provident fund ppf is the scheme. Mar 09, 2015 sukanya samriddhi yojana has received a great initial response from the general public. What is sukanya samriddhi yojana hdfc sukanya samridhi yojana is a saving scheme for every girl child launched by the government, where they or their parents can deposit money for securing their future. Documents required for opening sukanya samriddhi account are. Its not just other scheme to provide social benefits but a good long term debt investment. They also need handholding to invest in this scheme. Read more to know about the objectives of this scheme. According to the sukanya samriddhi account amendment rules, 2018, the minimum amount to open an ssy account has been reduced from rs 1,000 to rs 250. Sukanya samriddhi yojana details interest rate for ssy account.
In what would be regarded as quite a disappointment for lakhs of subscribers to saving schemes such as the national pension scheme, sukanya samriddhi yojana, public provident fund and so on, a government official has said that the interest rate for such schemes is unlikely. Sukanya samriddhi yojana details interest rate for ssy. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. Read about how sukanya samriddhi yojana calculator works, its advantages and its disadvantages before opening a sukanya samriddhi account. It is run by the ministry of women and child welfare, govt. It is designed in a way to support her higher education andor marriage. Sukanya samriddhi yojana interest rate as per the scheme of sukanya samriddhi yojana, the interest rate is 8. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. What are the tax benefits on sukanya samriddhi scheme.
Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. What is sukanya samriddhi scheme sss the ssy is a girl child prosperity scheme under beti bachao beti padhao initiative of our prime minister sh. Sukanya samriddhi account can be opened on girl child name by her legalnatural guardian. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. Asher and others published sukanya samriddhi yojana. Sukanya samriddhi yojana is a small saving scheme, which can be opened in post offices and designated private and public banks in the form of a savings account in the name of the baby girl. This scheme is launched to encourage parentsguardians of the girl child to build a corpus. The calculator is free to use and can generate error free output for multiple iterations. If you have any query regarding this scheme or any of its features, please let me know. Sukanya samriddhi yojana calculator ssy calculator online. Sukanya samriddhi yojana calculating maturity value after. The scheme is an investment based concept for a girl. I have already posted three articles for sukanya samriddhi yojana and the queries regarding this scheme are not showing any signs of tiredness. Sukanya samriddhi yojana was launched by the prime minister mr.
Nov 01, 2016 sukanya samriddhi yojana was launched by the prime minister mr. In what would be regarded as quite a disappointment for lakhs of subscribers to saving schemes such as the national pension scheme, sukanya samriddhi yojana, public provident fund and so on, a government official has said that the interest rate for such. The sukanya samriddhi yojana ssy of the indian government, initiated by prime minister. Mar 12, 2015 drawbacks of sukanya samriddhi scheme. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. Sukanya samriddhi yojana calculator ssy calculator. One family can open only 2 accounts even if there are more than 2 girls in the family unless there are more than 2 births at 1 time in which case, accounts for all the girl children born at the same time can be opened. Sukanya samriddhi yojana calculating maturity value. List of authorised commercial banks where you can get this account opened. This post is written by shiv kukreja, who is a certified financial planner and runs a financial planning firm, ojas capital in delhincr. Sukanya samriddhi yojana sample filled application form. Sukanya samriddhi yojana has received a great initial response from the general public. Conveniently invest in this scheme online through hdfc bank. This small saving scheme sukanya samriddhi yojana in post office is a good investment plan for the parents.
Sukanya samriddhi yojana open sukanya samriddhi account. Before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. Sukanya samriddhi yojana sbi ssy account for girl child. The objective of the scheme was to facilitate them proper education and marriage expenses. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign.
It has been formulated under the beti bachao beti padhao scheme of the prime minister, narendra modi. It can be served on behalf of the nda governments initiative in order to increase the domestic saving percentage which has been dropped by 8% from 38% in 2008 to 30% in 20. Through the sukanya samriddhi yojana calculator, people can able to check out the chart of sukanya samriddhi yojana and allows calculating the interest per annum earned. Sukanya samriddhi yojana eligibilty benifits and pdf form. Sukanya samriddhi yojana ssy calculator calculate ssy online to determine the maturity. Sukanya samriddhi yojana account full details bangla 2017. This scheme offers one of the highest interest rates amongst governmentsponsored savings schemes for a girl child. Sukanya samridhi yojana was launched for the improvement of girl childs future. This yojana is to facilitate them proper education and care free marriage expenses. Not only that, but the amount you receive at the maturity is also tax free, unlike fixed deposits where your mature amount is eligible for taxation. Parentguardian gets tax exemption on money invested in sukanya samriddhi scheme us 80c. The sukanya samriddhi account is designed to provide a bright future for your girl child. Ministry of finance department of economic affairs vide their egazette notification dated 12th dec,2019,g. Sukanya samriddhi yojana is a governmentbacked savings scheme as part of the beti bachao, beti padhao yojana for the benefit of the girl child.
It was launched by prime minister narendra modi 22jan2015. Account can be opened up to the age of 10 years from the date of birth. Investing for your daughter in sukanya samriddhi yojana. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child.
It has been formulated under the beti bachao beti padhao scheme of the prime. The scheme revolves around the objective of welfare of women and the girl child in india. Jan 27, 2017 before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. This scheme is especially for girls of 10 years or younger.
Sandesh r karmjot singh sukanya samriddhi scheme key highlights. People have been asking all kind of queries regarding various. Return on ssy you can get a decent return by investing in this scheme. Sukanya samriddhi account can help you to create a big corpus for your girl child, which can be helpful for her education or marriage. Hence, using a sukanya samriddhi yojana calculator online is beneficial to have an overall assessment of your investments and returns. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. Not only the sukanya samriddhi account ensures a secure financial future for the girl child, parents or legal can also enjoy income tax benefits on the contribution made towards this scheme under section 80c of the indian income tax act, 1961. This scheme is not only providing more interest than public provident fund ppf rather it is also helpful to parents in tax planning. But only the problem lies is why this has been implemented in post office that i don.
You have to make a minimum contribution each year to keep the account active. Sukanya samriddhi yojana 2020 girl child free account. The interest rate for janmar19 q4, fy 201819 was 8. It can be opened by the parents of a girl child below the age of 10. Interest rate for small saving schemes unlikely to be increased in april. Therefore, with this child education plan for girl child one can certainly ensure their girl childs future and meet her financial requirements in future. Pm sukanya samriddhi yojana 2020 apply online ssy status. Sukanya samriddhi yojana is a govt scheme for the girl child however very few people know that sukanya samriddhi account can be opened in post office as well. It is a savings scheme launched as a part of beti bachao, beti padhao campaign. How does sukanya samriddhi yojana ssy calculator work. Under sukanya samriddhi account i scheme signature and seal of competent authority. This is where this easytouse excel based sukanya calculator free download comes in handy. Oct 31, 2019 the sukanya samriddhi yojana is longterm investment scheme that can generate high roi.
The launch of sukanya samriddhi yoajna account was part of the beti bachao beti pada campaign launched by the government. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. Recently, the minimum deposit for this account has been slashed to rs 250 from existing rs. Sukanya samriddhi yojana account opening from the post office is no differ the open sukanya samriddhi account in hdfc or in any bank for that matter. We discus about post office sukanya samriddhi yojana scheme details, how to open an account and tax benefits in this blog. The account opening form to be used and the specimen of pass book is provided in. I name of parentguardian hereby apply for opening an account under sukanya.
The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister narendra modi. The account can be opened at any india post office or branch of authorised commercial banks. One of the reasons why this scheme has become popular is due to its tax benefit. Sukanya samridhi yojana sukanya samridhi account scheme is a small deposit scheme for girl child, as part of beti bachao, beti padhao campaign, which would fetch yearly interest rate of 8. Sukanya samriddhi yojana calculator helps you in finding the amount one will receive after a certain period of time with certain investment. The scheme was launched by prime minister narendra modi on 22 january 2015 as a. Sukanya samridhi yojana, sukanya samriddhi account scheme. Aug 05, 2019 if you are looking for good returns with zero risk sukanya samriddhi account is for you. Sukanya samriddhi yojana account is a small savings special deposit scheme for the girl child. It is termed as a small saving scheme under the beti bachao beti padhao campaign.
This scheme is specially designed for girls higher education or marriage needs. With guaranteed interest income and tax exemptions available, this scheme is the ideal choice for the parent or legal guardian of a girl child, to provide for her higher education andor marriage and secure her financial. Besides, the maturity benefits received at the end of this scheme is also tax free. The best part about sukanya samriddhi account is that it offers a higher rate of interest in comparison to all other saving schemes. Birth certificate of girl child address proof identity proof b benefits of sukanyasamriddhi account scheme 1. The sukanya samriddhi scheme is also one of the most tax efficient schemes available.
Indias innovative women empowerment and social protection scheme article pdf available august 2018 with 19,517 reads. Sukanya samriddhi yojana was launched on 22nd january 2015 as a part of the beti bachao, beti padhao yojana. Sukanya samriddhi account application form download. Online application for pm sukanya samriddhi yojana 2020 is available here, sukanya samriddhi yojana popularly known as syy was launched in the year 2014 by the government of india. When first launched, the scheme offered an interest rate of 9. The scheme currently provides an interest rate of 8. Manual calculation is cumbersome and prone to error. Nov 27, 2019 under the scheme of sukanya samriddhi yojana, the interest rate is 8. Aug 18, 2019 sukanya samriddhi yojana 2020 online application for pm sukanya samriddhi yojana 2020 is available here, sukanya samriddhi yojana popularly known as syy was launched in the year 2014 by the government of india. It is a small savings special deposit scheme for the girl child. With such interest, one should definitely invest in such a plan that will give them good returns on maturity. The scheme is an investment based concept for a girl child. The scheme can help parents of a girl child to offer financial security as well as money for education, wedding and other financial goals of their precious daughters.
Sukanya samriddhi yojana was launched by the central government in january 2015. If you are looking for good returns with zero risk sukanya samriddhi account is for you. A sukanya samriddhi account has a tenure of 21 years or until the girl child marries after the age of 18. T he nda government has been launched the sukanya samriddhi yojana scheme with the motive of save for every girl child. Sukanya samriddhi yojana ssy is a tax free small savings scheme for the girl child. Ssy account is to ensure a bright future for girl children in india. This scheme was launched to meet the expense of the. Sukanya samruddhi yojana account scheme details icici bank. Sukanya samriddhi account girl child prosperity account is a government of india backed. This scheme is not only providing more interest than public provident fund ppf rather it. Sbi sukanya samriddhi yojana is a governmentbacked one of the best investment schemes exclusively designed for the girl child in a family. The interest rate is declared quarterly just like other post office schemes. Sukanya samriddhi yojana calculator updated 2020 stable. Open sukanya samriddhi yojana account online pmyojana.
A sukanya samriddhi account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of rs 250 earlier it was rs 1,000. Mar 12, 2015 much has already been mentioned about this scheme in my earlier posts, so ill wrap it up here. Jul 24, 2018 sukanya samriddhi yojana account is a small savings special deposit scheme for the girl child. How to open an account for sukanya samriddhi yojana. Sukanya samridhi yojna scheme account is aimed at the prosperity of the girl child in the society. Launched as a part of beti bachao beti padhao campaign, sukanya samriddhi yojana is a small savings scheme by the government of india. Sukanya samriddhi scheme is also known as sukanya samriddhi account or yojana. Interest payment even after maturity if account is not closed. The scheme has well been accepted by the masses in wake of. Maximum amount deposited under this scheme will be 1.
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