Prime Minister Sukanya Samriddhi Yojana 2020
Complete information about Prime Minister Sukanya Samriddhi Yojana 2020 - You can add funds for your daughter's marriage or education by opening an account for just Rs 250. SSY, Sukanya Samriddhi Yojana Calculator, Interest Rate, Maturity Period, etc.
Prime Minister Narendra Modi has launched Sukanya Samriddhi Yojana to secure the future of girls. This scheme is a very good investment scheme launched for the future of girls. To understand this in detail, a small savings scheme for a girl child has been started under the Beti Bachao Beti Padhao scheme. PM Rojghar Yojana
In this post, we have given all the information related to Sukanya Samriddhi Yojana (SSY) 2020 like application method, benefits, required eligibility, etc. You can easily get all the information about Sukanya Samriddhi Yojana through this post and take advantage of the scheme. Lic Kanyadhan Yojana
SSY Sukanya Samriddhi Yojana 2020 all information in Hindi (interest, calculator)
Sukanya Samriddhi Yojana (SSY) is a small savings scheme launched by the central government for girls under 10 years of age. This scheme is under the government's "Beti Bachao-Beti Padhao" scheme. Jagan Anna vidhya Deevana
In the year 2016 -17, interest was being given at the rate of 9.1% in this scheme, which includes an income tax rebates. This scheme requires a very small amount to open an account. Initially, Rs 1000 was required to open an account, later it has been reduced to Rs 250. SBI FD scheme
This scheme can prove to be beneficial for those families whose income is low and who are adding money for their little girls' marriage and further education by saving small amounts. The government's medicine is that till November 2017, 1.26 crore new accounts have been opened for small girls under Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana).
The interest rates under the scheme are revised every 3 months. After the child completes the age of 21, this amount will be paid to the girl in whose name the account has been opened. Funds can be deposited in Sukanya Samriddhi account for 14 years from the date of account opening. Interest on the account will be available only at the rates applicable at that time. On the death of the account holder, this amount will be given to the account holder's family. "Stree swabhiman yojana"
Highlights of the Sukanya Samriddhi Yojana
When it comes to money matters, it is imperative to analyse how a particular decision will pan out in the long run. Hence, it is essential to know the features of an investment before you decide to deploy money in it.Interest rate: The government fixes the Sukanya Samriddhi Yojana interest rate interest rate every quarter. For the quarter ending March 2020, the rate of interest is 8.4% per annum, compounded annually. The interest is payable only on maturity or in the event of a change in your daughter's residency or citizenship status.
Lock-in period: The lock-in period of the Sukanya Samriddhi Yojana is 21 years. For example, if the account is opened when the girl is 5 years old, it will mature when she reaches the age of 26.
Deposits: A minimum deposit of ₹250 is needed, per year, for 15 years. The maximum amount that can be invested in a financial year is ₹1.5 lakh. Deposits can be made in multiples of 100 and through cash, cheque, demand draft or online transfer. You can make any number of deposits in a year. But, if you fail to make the minimum investment in a given year, your account will be discontinued. You can reactivate the account though by paying a penalty of ₹50 and submitting the minimum deposit amount.
Transfer of accounts: In case you change your residence, you can transfer your Sukanya Samriddhi account balance to any post office or bank branch in the country or from a post office to a bank free of cost. You will need to submit address proof in this case. For transfers under other circumstances, you will be charged a fee of ₹100.
Number of accounts: Only one account can be held for one girl child, and a maximum of two accounts can be opened in one family. You can open more than two accounts in case you have triplets (all girls) or in case the first child is a girl and twin girl babies are born later.
Eligibility Criteria of SSY
To open a Sukanya Samriddhi account, the eligibility criteria is two-faceted.Eligibility criteria for the beneficiary (the girl child)
- Only girl children can claim the benefits of this scheme.
- The girl child cannot be more than 10 years of age, although a grace period of one year is allowed. This means you can open an account for your daughter within a year of her turning ten years of age.
- You will have to submit your daughter's age proof documents.
- Eligibility criteria for those who will open and operate the account
- You can only open an account on behalf of your daughter if you are a biological parent or her legal guardian.
- Each parent or legal guardian can only open a maximum of two accounts.
Tax Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana can help you fulfil your tax-saving objective as you build a corpus for your daughter's future. The scheme comes with the exempt-exempt-exempt (EEE) status. This means that: BajaFinserv free loan and Reliance personal loan- Your investments towards Sukanya Samriddhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act. Deductions of up to ₹1.5 lakhs are allowed. Should you choose to invest ₹1.5 lakh in the scheme in a given financial year, the entire investment will become tax-deductible.
- The interest on your investment is also exempted from tax.
- You do not have to pay any taxes on maturity or withdrawal.
- Since no part of your Sukanya Samriddhi investment attracts any taxes owing to its EEE status, it can help you build a substantial corpus over the years for your daughter's future.
Under Sukanya Samriddhi Yojana, a minimum of Rs 250 / - is required to open accounts. Parents or guardians of a child below 10 years of age can be opened in any post office (post office) or government bank branch. . Kanya sumangala yojana
A maximum amount of Rs 1.5 lakh can be deposited in the account within a year. On which there will be an exemption in income. This account can continue until the girl reaches the age of 21 years or till she gets married after a period of 18 years. {Check your account balance} PM samman Yojana
SSY (Sukanya Samriddhi Yojana) Calculator 2020
You will be worried about how much money you will get back in this scheme? Will interest be received in Sukanya Samriddhi Yojana? | You will get the answer to all these questions from SSY Calculator. With this calculator, you will also see the addition of every year that if your daughter is 10 years old, then by then, how much money will be in her account. In the SSY Calculator, these data are calculated by the tax. One Nation One ration card
Sukanya Samriddhi Yojana Features
- Your daughter's age - 2 years
- Starting Financial Year - FY 2020-21
- Money accumulated in one year - Rs. 1.5 Lakh (maximum allowed)
- Total years - 15 (for each of the first 15 years)
- Rate of interest - 8.4%
- Maturity period - 21 years
- Maturity Financial Year - 2041-42
- sukanya samriddhi yojana calculator for 15 years deposit
Sukanya Samriddhi Yojana (SSY) - How to deposit an account?
Money can also be deposited in the Sukanya account by cash, check, demand draft (DD), or any instrument that the bank accepts. For this, it is necessary to write the name of the depositor and the name of the account holder. Funds can be deposited in the account even under electronic money transfer if the core banking system exists in the concerned bank or in the post office. SBI No minimum balance
Through these questions, understand the information related to Sukanya Samriddhi Yojana
Can I withdraw money from the Sukanya Samriddhi account if I need money in the middle?
No, you can withdraw money only after the age of 21 or after getting married after the age of 18 years.
If the account holder dies, in that case, who will get the money for Sukanya Samriddhi Yojana 2018?
In that case, the money will be given to the child's parents or parents. Vodafone Idea Gift
Can the account be closed midway?
No account cannot be closed in the intervening period. MyJio Quiz
How long do you have to deposit money in the Sukanya Samriddhi account?
Money can be deposited in the account for 14 years. Jio free cashback
When will I get all the money?
You will get full money when the account matures. SBI Loan
We shared here all available information about the Sukanya Samriddhi Yojana. If you have any queries regarding this article, you can write to us in the comment box. We will try to solve your queries as soon as possible.
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PM Sukanya Samriddhi Yojana
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May 07, 2020
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