Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. I name of parentguardian hereby apply for opening an account under sukanya. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. Sukanya samriddhi account can be opened in any of our branch eligibility of opening of account. Mar, 2017 what is the eligibility for sukanya samriddhi yojana. Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. Sukanya samriddhi yojana open sukanya samriddhi account online. There is a purpose behind this scheme and it is being launched with an objective. Sukanya samriddhi yojana calculator ssy calculator online. Sbi sukanya samriddhi yojana account opening form online.
The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister narendra modi. 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. 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 scheme or sukanya samriddhi yojana ssy was notified in december 2014. Sukanya samriddhi yojana is a small savings scheme of the government of india meant exclusively for a girl child.
It means the parents or guardians who are legally taking care of the girl child can open the account. Reporting of the sukanya samriddhi account transactions i. Ministry of finance department of economic affairs notification new delhi, the 2nd december, 2014 g. Sukanya samridhi yojana new small saving schemes youtube. Government of india has introduced another initiative to uplift the beti bacho and beti padho movement with new investment scheme exclusively for girl child as sukanya samriddhi yojana. Apr 15, 2020 sukanya samriddhi yojana bank list sukanya samriddhi yojana bank list list of banks offering sukanya samriddhi savings account last updated. Sukanya samridhi yojana, sukanya samriddhi account scheme.
Sukanya samriddhi yojana list of banks, application form in pdf. Apr 11, 2020 sukanya samriddhi account can be opened in any of our branch eligibility of opening of account. Main purpose of this sukanya samriddhi yojna is to provide girl education and her marriage expenses. Lets see what this scheme has to offer, sukanya samriddhi yojana is a saving scheme wherein any person can open an account for hisher girl child to save some funds for her better future. Circle, sukanya samriddhi account, deposit in rupees. Created and managed by tata consultancy services ltd. Sukanya samriddhi yojana was launched by the central government in january 2015. Jun 14, 2015 sukanya samriddhi yojana account sukanya samriddhi account is a relatively new financial product which has been launched by the government and is described as a riskfree investment product.
You can get information related to opening of account, operation of account, account closure, withdrawal, etc. Jan 19, 2016 no, once you acquire nri status, you cannot continue to invest in ssy. It is basically an investment scheme with tax benefits for the parents. In exercise of the powers conferred by section 15 of the government savings banks act. Sukanya samriddhi yojana eligibilty benifits and pdf form. Here we are providing list of authorised banks to open an account, application form, pass book details etc.
Subsequent deposits can be made in sukanya samriddhi accounts in the. It is a small saving scheme initiated by the goi to encourage people to save. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Sukanya samriddhi account national savings institute. This scheme is especially for girls of 10 years or younger. Within a very short span of time, even before its actual functioning, sukanya samriddhi account yojana has become one of the most popular small saving schemes for the girl child and lots of people are searching internet and other sources for various details including sukanya samriddhi account sample form to open account. Apr 19, 2016 sukanya samriddhi yojana is the scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. Sukanya samriddhi account pnb sukanya samriddhi account.
List of banks offering sukanya samriddhi savings account last. The scheme is meant to meet the education and marriage expenses of a girl child. The minimum deposit for governmentbacked small savings scheme for the girl child, sukanya samriddhi, has been slashed to rs 250 from rs 1,000. Financial inclusiona study on sukanya samriddhi yojana name of conference. This website belongs to department of posts, ministry of communications, goi.
The sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. Sukanya samriddhi yojna is a small deposit scheme for girl child, launched as a part of the beti bachao beti padhao campaign. Generally, all banks that provide the facility to open a public provident fund account offer one for sukanya samriddhi yojana too. It is a good debt investment, offering secured investment with 8. Sukanya samridhi yojana for a bright future of your daughter. If a parent guardian invests rs 1,000 per year for 14 years and wait for 21 years, the accumulated amount would be rs 52,605. Further, ministry of finance department of economic. Lics limited premium endowment plan lics limited premium endowment plan. Sukanya samruddhi yojana account scheme details icici bank. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi now we are providing updated list of authorised banks, pplication form, passbook.
Any amount that would be deposited in sukanya samriddhi account would be exempted from tax under 80c of it act, 1961, till a maximum of rs 1. In simple, sukanya samriddhi yojana is a very good and beneficial scheme to every girl child and provides financial support by their savings from their account for the welfare education, marriage expenses of girl children. Sukanya samriddhi yojana calculator calculate ssy maturity. Account can be opened in post offices and notified branches of commercial banks. Sukanya samriddhi yojana open sukanya samriddhi account. This scheme is going to be a support for families with a girl child who worries about marriage expenses. Feb, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. Only one account can be opened in the name of a girl child. Apr 10, 2018 sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. Though there are no major changes in the new sukanya samriddhi yojana scheme rules 2019, however, you should know about the small. Ssy account is to ensure a bright future for girl children in india. Sukanya samriddhi yojana is an initiative from govt.
Sukanya samriddhi yojana was introduced by the government with an intention to help people save money for securing the future of a girl child. Apr 03, 2020 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 free download excel template would help you to compute it on finger tip. Jul 30, 2018 the sukanya samriddhi yojana is a flagship government scheme designed for parents or guardians of a girl child to meet the financial requirements of the childs higher education and marriage. How to open a sukanya samriddhi account the economic times. The prime aim of the scheme is to encourage parents of a. Find relevant answers to frequently asked questions sukanya samriddhi yojana account at icici bank answers. What is the eligibility for sukanya samriddhi yojana. Sukanya samriddhi yojana list of banks, application form. Only one account can be opened in the name of a girl child who is a resident indian citizen either in post office or in authorized commercial banks.
Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. Its a special deposit scheme launced by our prome minister narenda modi on 22 nd january 2015 for a girl child. The scheme aims to help families in supporting the education of the girl child in india. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Only one account can be opened in the name of a girl child who is a resident indian citizen either in post office or in.
The prime aim of the scheme is to encourage parents of a girl child in. Latest current affairs in april, 2020 about sukanya samridhi yojna. Jul 23, 2018 the minimum deposit for governmentbacked small savings scheme for the girl child, sukanya samriddhi, has been slashed to rs 250 from rs 1,000. It is not right to compare sukanya samriddhi account with other investment options savings scheme. 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. Ministry of finance department of economic affairs notification new delhi, the 2nd december, 2014. Birth certificate of the girl child in whose name the account is opened must be submitted. A sukanya samriddhi yojana ssy account can be opened in any. Id proof of parentsguardian like pan card, aadhar, driving license, passport etc. Investors in sukanya samriddhi yojana, a savings scheme for the girl child, launched by pm narendra modi will now no longer get benefit on att. Sukanya samriddhi account cannot be considered as an investment option but a savings scheme to secure the future of girl child. 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. Content owned and updated by department of posts, ministry of communications, government of india.
The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. Sukanya samriddhi yojana in hindi form download pdf. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. Sukanya samriddhi yojana vs lics limited premium endowment plan. Ssy sukanya samriddhi yojana inhindi sukanya samriddhi yojana 201920. Sukanya samriddhi yojana sukanya samriddhi account a small savings scheme updated 20th september 2019 upsc. Sukanya samriddhi yojana account sukanya samriddhi account is a relatively new financial product which has been launched by the government and is described as a riskfree investment product. A small saving scheme a government of india initiative. The government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. Sukanya samriddhi yojana or girl child prosperity scheme is the part of beti bachao, beti padhao campaign. Sukanya samriddhi account can be opened by the guardian in the name of a beneficiary who has not attained the age of ten years as on the date of opening of the account. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. Sukanya samriddhi scheme not for nris nagpur news times.
It also provides interest on the deposits but varies every year which is a limitation of this scheme. 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. If a parent guardian has invested rs 150,000 per year for 14 years and wait for 21 years, the accumulated. The scheme currently provides an interest rate of 9. What is the age limit for sukanya samriddhi yojana. Sukanya samriddhi yojana account faqs icici bank answers. Jul 31, 2015 sukanya samriddhi yojana vs lics limited premium endowment plan july 31, 2015 lics new children plan 2015jeevan tarun table no. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. Oct 23, 2018 sukanya samriddhi yojana tax benefits. These rules may be called the sukanya samriddhi account rules, 2016. Feb 27, 2016 the sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. Sukanya samriddhi account in case date of birth certificate of girl child is not.
Beti bachao beti padhao is the mantra with which modi government launched sukanya samriddhi yojana ssy, also known as sukanya samriddhi scheme, on 22nd january 2015. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. Users can find detailed information pertaining to this scheme for girl child. Crisp news summaries and articles on current events about sukanya samridhi yojna for ibps, banking, upsc, civil services. The sukanya samriddhi yojana is a flagship government scheme designed for parents or guardians of a girl child to meet the financial requirements of the childs higher education and marriage. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. Sukanya samriddhi yojana account comprehensive guide. 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.
Last week, i had published an article about sukanya samriddhi account scheme. No, once you acquire nri status, you cannot continue to invest in ssy. Sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. What are the disadvantages of sukanya samriddhi yojana. Sukanya samriddhi yojana is the scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. Sukanya samriddhi yojana list of banks, application form, pass book details. Financial inclusion a study on sukanya samriddhi yojana. For security purpose lic limited premium endowment is much better than post office scheme sukanya samridhdhi. Interest rate for small saving schemes unlikely to be increased in april. Investment in sukanya samriddhi yojana scheme is exempted. International conference on paradigm shift in taxation, accounting, 2 page finance and insurance the parent or the guardian can open maximum of two accounts for two girl children i. One of the reasons why this scheme has become popular is due to its tax benefit. Account can be opened in the name of a girl child till she attains the age of 10 years.
Jan 17, 2019 sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. 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. Jul 30, 2017 sukanya samridhi yojana for a bright future of your daughter. I am giving you brief description of both the plans along with comparison.
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