Sukanya samriddhi account pnb sukanya samriddhi account. Customer needs to submit ssy transfer request at existing bank post office mentioning address of icici bank branch. Sukanya samriddhi yojana open sukanya samriddhi account online. Sukanya yojana sukanya samriddhi account is government of india backed savings scheme targeted at the parents of girl child. It is a savings scheme launched as a part of beti bachao, beti padhao campaign. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. Feb 27, 2016 the sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. It is basically an investment scheme with tax benefits for the parents. Narendra modi, as a part of beti bachao beti padao campaign. The balika samridhi yojana is the scheme started by central government ministry of women and child development in 1997. This scheme gives an attractive interest to the account holders. The sukanya samriddhi yojana was launched with these core objectives in mind. Birth certificate of girl child in whose name the account is opened must be.
There are two option of investment under sukanya samriddhi account i. Sukanya samriddhi yojana account faqs icici bank answers. The objective of this yojana is to promote the welfare of girl child. Ssy account is to ensure a bright f slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The sukanya samriddhi yojana, also known as girl child prosperity scheme is launched by prime minister narendra modi. Maximum investment allowed per annum under the sukanya samriddhi yojana is rs 1. It is a small savings special deposit scheme for the girl child. The sukanya samridhi yojana is the most popular government scheme launched by the prime minister of india, shri narendra modi on 22nd january 2015, panipat haryana. 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. It is a small saving scheme initiated by the goi to encourage people to save. Sukanya yojana introduction, interest rate, maturity, apply. Sukanya samriddhi yojana calculator free download excel template would help you to compute it on finger tip.
Sukanya samriddhi yojana or girl child prosperity scheme is the part of beti bachao, beti padhao campaign. Sukanya samriddhi yojana calculator ssy calculator online. Jun 06, 2018 this scheme is called as sukanya samridhi yojana. This notification was published on 2nd december 2014 but was launched on 22nd january 2015. Presently, sukanya samriddhi yojana is fetching more interest than ppf so looked upon as a good alternative for long term investors who want high returns and no risk. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. Though i am heavily invested in equities, i feel this is a good scheme on the fixed securities portfolio. Under pm narendra modis campaign beti bachao, beti padhao, the government launched the sukanya samriddhi yojana to. I just opened a sukanya samriddhi yojana account for my daughter. Indias innovative women empowerment and social protection scheme article pdf available august 2018 with 19,517 reads.
Sukanya samriddhi yojana calculator, chart, interest rate. Sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. Sukanya samriddhi yojana ssy a small deposit scheme which has been started by the indian government under the beti bachao initiative. Crisp news summaries and articles on current events about sukanya samridhi yojna for ibps, banking, upsc, civil services. Sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014. Presently,sukanya samriddhi yojana is fetching more interest than ppf so looked upon as a good alternative for long term investors who want high returns and no risk. The present or current interest offered by the government 8. Oct 23, 2018 sukanya samriddhi yojana tax benefits. It is designed in a way to support her higher education andor marriage. Review of sukanya samriddhi yojana is done by kiran telang, a sebi registered investment adviser. 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. It is a small deposit scheme which is specially meant for the girl child. This scheme is especially for girls of 10 years or younger. May 17, 2016 the sukanya samriddhi yojana was launched with these core objectives in mind.
The interest rate is declared quarterly just like other post office schemes. Account can be opened in the name of a girl child till she attains the age of 10 years. Main purpose of this sukanya samriddhi yojna is to provide girl education and her marriage expenses. Sanchaya post with the vendor and issue necessary guidelines to post offices. The prime goal of this scheme is to give focus on girls child higher education and marriage. In india, a girl child was considered a burden, especially in the rural sector. Sukanya samriddhi yojana vs lics limited premium endowment plan july 31, 2015 lics new children plan 2015jeevan tarun table no. Here we are providing list of authorised banks to open an account, application form, pass book details etc. What are the disadvantages of sukanya samriddhi yojana.
Aug, 2019 i have published an article on sukanya samriddhi yojana sukanya samriddhi account a few weeks back. The sukanya samriddhi yojana ssy, which is also known by the name of child prosperity scheme is launched by honorable prime minister shri. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. Faqs sukanya samriddhi yojana has been introduced vide government of india notification no. All about sukanya samriddhi yojana linkedin slideshare. I have published an article on sukanya samriddhi yojana sukanya samriddhi account a few weeks back. Account can be opened in post office and branches of authorised banks. Mar 12, 2015 drawbacks of sukanya samriddhi scheme. The launch of sukanya samriddhi yoajna account was part of the beti bachao beti pada campaign launched by the government.
Birth certificate of the girl child in whose name the account is opened must be submitted. The inside n out sukanya samriddhi yojana day today gk. Sukanya samriddhi account scheme national savings institute. Apr 29, 2016 the balika samridhi yojana is the scheme started by central government ministry of women and child development in 1997. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. 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. 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. Sukanya samriddhi yojana has been introduced vide government of india notification no. The objective of sukanya samriddhi yojana is to ensure the financial independence of women by encouraging them to invest in a savings scheme that would enable them to fulfil their longterm life goals and dreams like higher education, marriage, etc. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. May 06, 2020 sukanya samridhi yojana, sukanya samriddhi account interest rates by vrp last updated may 6, 2020 241 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.
I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Sukanya samriddhi yojana eligibilty benifits and pdf form. On the above link you will find pdf link, just download the pdf file and get all the details about the sukanya samriddhi yojana in pdf. 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. Sukanya samriddhi yojana ssy under the governments beti bachao beti padhao initiative is the talk of the town. 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. You need to know about new features of sukanya samriddhi yojana published on. Its not just other scheme to provide social benefits but a good long term debt investment. It is a small savings scheme which provides interest and also has some rules, benefits and short comes. Sukanya samriddhi yojana is a small deposit scheme exclusively for girl child under the age of 10 years. This scheme aims are helping parents invest money in an account where they get a good rate of interest and build a sizable amount of savings that can then be used to fund the needs of their daughters. The scheme is applicable only to those investors who wish to. Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. In exercise of the powers conferred by section 15 of the government savings banks act, 1873 5 of 1873, the central government hereby makes the following rules, namely.
Documents required for sukanya samriddhi account today we are providing the list of documents required for sukhanya samriddhi account yojana. Financial inclusion a study on sukanya samriddhi yojana. There is a lot of confusion regarding the tax benefits that are applicable for the contributions deposits made under ssa scheme. According to the directive from the government of india, bank of baroda is offering the sukanya samriddhi yojana to its customers as a possible investment. Pm sukanya samriddhi yojana 2020 apply online ssy status. To keep the account active, a minimum contribution of rs 250 is mandatory in each financial year. It is a great option for someone who is looking to secure hisher daughters future without having to spend a large chunk of money. Its a special deposit scheme launced by our prome minister narenda modi on 22 nd january 2015 for a girl child. An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. Sukanya samriddhi account is a welcome step from the government of india to encourage people to save money for the education of the girl child.
It is run by the ministry of women and child welfare, govt. Ppf or sukanya samriddhi yojanawhich is better investment. You need to know about new features of sukanya samriddhi. 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.
You need to know about new features of sukanya samriddhi yojana. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. Education withdrawal conditions in sukanya samriddhi yojana. 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. Sukanya samriddhi yojana open sukanya samriddhi account.
Sukanya samridhi yojanaobjective,eligibility and documents. The account opening form to be used and the specimen of pass book is provided in. This scheme is currently 201617 fetching an interest rate of 9. Account can be opened in post offices and notified branches of commercial banks. Sukanya samriddhi yojana in pdf download pdf click here to download the sukanya smriddhi yojana account details, benefits and calculator in pdf format download it from here. Apr 10, 2018 sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. January 19, 2019 sukanya samriddhi yojana was launched in order to ensure a bright and prosperous future for the girl child. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. If you have any question on sukanya samriddhi yojana account or any other investment product, please feel free to ask in the comments section below. The balika samridhi yojana is an important initiative of the government to raise the status of a girl child.
The girl child prosperity scheme, popularly known as sukanya samriddhi yojana was launched by prime minister of india in january 2015 with a clear aim of securing the future of girl children in india. Download sukanya samriddhi account calculator in excel. Sukanya samriddhi yojana was launched by the central government in january 2015. Sukanya samridhi yojana, sukanya samriddhi account scheme. Transfer existing sukanya samriddhi yojana account to. The existing bank post office shall arrange to send the original documents such as a certified copy of the account, the account opening application, specimen signature etc. Once the module for sukanya samriddhi yojana is developed in finacle, the designated branches. Sukanya samriddhi yojana account comprehensive guide. Sukanya samriddhi yojana sukanya samriddhi scheme comes from ministry of finance under its notification gsr 863e. The prime aim of the scheme is to encourage parents of a.
Mar 07, 2015 sukanya samriddhi yojana calculator free download excel template would help you to compute it on finger tip. Sukanya samriddhi yojana list of banks, application form. Download sukanya samriddhi account calculator for calculating the maturity amount of investment at 9. Pay bills and invoices from any bank account or any card. Views expressed here in are the authors personal views. As per the fy 201819 ay 201920, the rate of interest is 8. May, 2020 how to open a sukanya samriddhi yojana account. This scheme is a longterm investment which relies more on the equity help. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. This small or micro investment scheme created quite a bit of stir in general public because of the attractive interest rates offered by the government to the account holders under this scheme.
It is meant to meet the girl childs education expense and marriage expense in the future. Ministry of finance department of economic affairs notification new delhi, the 2nd december, 2014 g. The prime aim of the scheme is to encourage parents of a girl child in. 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. 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. Like the ppf, the interest earned is tax free and there is an annual cap of rs 1. The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. The government has taken a good step, and this would go a long way.
Sukanya samriddhi account eligibility sukanya samriddhi account eligibility the eligibility of sukanya samriddhi yojana is not more than 10 years. 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 list of banks, application form, pass book details. The government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime.
As per experts,ppf is a more flexible option whereas sukanya samriddhi account is better for those who can afford long lockin period. Sukanya samriddhi yojana is a special deposit scheme that was. 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. Sukanya samriddhi yojana everything you want to know. 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 details. Only one account can be opened in the name of a girl child. The sukanya samriddhi yojana was launched as a part of the beti bachao, beti padhao campaign by the modi government on 22 january 2015 after seeking the subjugating conditions of the girl children in the country. Sukanya samriddhi yojana girl child prosperity scheme. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. Sukanya samridhi yojana, sukanya samriddhi account scheme by govt. Transfer existing sukanya samriddhi yojana account to icici bank. 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.
Sukanya samriddhi yojana account open, eligibility. But this interest rate is not fixed for every year. The interest rate for janmar19 q4, fy 201819 was 8. Documents required for sukanya samriddhi account yojana. Sukanya samriddhi account in case date of birth certificate of girl child is not available. This yojana is to facilitate them proper education and carefree marriage expenses. Also referred to as the girl child prosperity scheme, it is a welcome step taken in order to provide financial security to girls in india sukanya samriddhi yojana.
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