Interest payment even after maturity if account is not closed. The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister. The scheme is completely aimed for the betterment and upliftment of the girl child in the country and to save money for the girl child to gave her a good education and for taken care of her wedding expenses in every family. Enter investment amount and interest to get results. Dec 27, 2018 a sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. Download sukanya samriddhi account calculator for calculating the maturity amount of investment at 9. 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. Sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014. The way in which this entire scheme is designed gives a lot of financial security to the girl child, which is not in the case of any other investment schemes. The contents of this circular may be brought to the notice of the branches of. 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.
Sukanya samriddhi account is another welcome step from govt of india. On 23 july 2018, the criteria for minimum annual deposit for the sukanya samriddhi yojana account has been revised to rs. Sukanya samriddhi scheme is part of the beti bachao, beti padhao scheme launched by the modi government. If you are the proud parent of a daughter and you want to invest for her future, the sukanya samriddhi yojana can be a good option. There are two option of investment under sukanya samriddhi account i. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. The candidates can find the respective details of the sukanya samriddhi yojna on this page. Sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. The same tax benefits would also apply to sukanya samriddhi account.
Jan 27, 2017 before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. 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. Secure your daughters future with sukanya samridhi yojana. Sukanya samriddhi yojanascheme is a government scheme, launched by mr. Sukanya samriddhi account rules, 2016 department of economic. Application for opening an account under sukanya samriddhi account please fill all the details in capital letters only.
I agree to abide by the provisions of the sukanya samriddhi yojana scheme and amendments issued thereto from time to time. May 12, 2019 the same tax benefits would also apply to sukanya samriddhi account. Download sukanya samriddhi account calculator in excel. Sukanya samriddhi yojana list of banks, application form. In the event more than one sukanya samriddhi account under rules has been opened for a bene. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. Ppt detail about sukanya samriddhi yojana powerpoint. Jun 01, 2015 comparison between hdfc children gift fund and post office scheme sukanya samriddhi yojana. Sukanya samriddhi yojana the sukanya samriddhi scheme encourages parents to save and build a fund for their daughters bright future. Sukanya samriddhi yojana or girl child prosperity scheme is the part of beti bachao, beti padhao campaign. What are the documents of sukanya samriddhi yojana required. It is part of beti bachao beti padhao initiative of government of india goi also known as bbb. Its a special deposit scheme launced by our prome minister narenda modi on 22 nd january 2015 for a girl child. Jun 1, 2015 by navtej luthra, jalandhar mutual fund before comparison, please note that sukanya samridhi yojana is meant for girl child below 10 years only and there is a limit of investment of rs.
Compare sukanya samridhi scheme with hdfc children gift. Sukanya samriddhi account cannot be considered as an investment option but a savings scheme to secure the future of girl child. Every feature of sukanya samridhi yojana is beneficial for girls. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Pm modi had launched twin programmes of beti bachao, beti. 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.
These rules may be called the sukanya samriddhi account rules, 2016. Before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. The prime aim of the scheme is to encourage parents of a. The prime aim of the scheme is to encourage parents of a girl child in. Under the sukanya samriddhi scheme, a parent or legal guardian can open an account in the name of the girl child. It is run by the ministry of women and child welfare, govt. 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. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. Sukanya samriddhi yojana list of banks, application form in pdf. 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 sukanya samriddhi account a small savings scheme updated 20th september 2019 upsc the sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister narendra modi.
The contents of this circular may be brought to the notice of the branches of your bank operating the ppf, 1968 scheme. Sukanya samriddhi is one scheme which is easy to understand and implement, ensuring that an individual can open and maintain this account without any hassle. One of the reasons why this scheme has become popular is due to its tax benefit. There is a purpose behind this scheme and it is being launched with an objective. The scheme was launched by honorable prime minister on 22 january 2015 as a part of the prime ministers beti bachao beti padhao initiative. An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. In these rules, unless the context otherwise require, a account means an account opened by a depositor in accordance with the provisions of these rules. Compare sukanya samridhi scheme with hdfc children gift fund.
The sukanya samriddhi yojana ssy could be a better alternative. Sukanya samriddhi account in case date of birth certificate of girl child is not. Asher and others published sukanya samriddhi yojana. It is not right to compare sukanya samriddhi account with other investment options savings scheme. Comparison between hdfc children gift fund and post office scheme sukanya samriddhi yojana. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. Mar 16, 2015 the sukanya samriddhi yojana ssy could be a better alternative.
About ppf or public provident fund public provident fund ppf is the scheme. Unfortunately, sukanya samriddhi yojna is applicable on girl child below 10 years of age. When first launched, the scheme offered an interest rate of 9. Sukanya samriddhi yojana open sukanya samriddhi account online. This scheme offers one of the highest interest rates amongst governmentsponsored savings schemes for a girl child. Documents required for opening sukanya samriddhi account are. The sukanya samriddhi scheme is also one of the most tax efficient schemes available. The scheme was already eligible for deduction under section 80c. Sukanya samruddhi yojana account scheme details icici bank. Depositor for this scheme depositor is an individual who on behalf of a minor girl child of whom he or she is the guardian and deposits amount in account opened under this scheme. The government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. Documents that are required to open a sukanya samriddhi yojana account. Hi friends after providing an special article for complete details for sukanya samridhi yojana.
I hereby undertake to abide by the provisions rules of the sukanya samriddhi account and amendments. Account can be opened in post offices and notified branches of commercial banks. Oct 23, 2018 the candidates can find the respective details of the sukanya samriddhi yojna on this page. Generally, all banks that provide the facility to open a public provident fund account offer one for sukanya samriddhi yojana ssy too. Sukanya samriddhi yojana is a small savings special deposit scheme for the girl child. The app has a plan feature to calculate the amount you will receive upon maturity. The scheme was launched by prime minister narendra modi on 22 january 2015 as a. Birth certificate of girl child address proof identity proof b benefits of sukanyasamriddhi account scheme 1. 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. Apr 10, 2018 sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. Must read post sukanya samriddhi account tax and other benefits. The scheme of sukanya samriddhi account came into effect via extraordinary gazette notification no.
It is a savings scheme launched as a part of beti bachao, beti padhao campaign. However the later deposit scheme is far better when it comes to securing the future of a girl child. Definitions in these rules, unless the context otherwise require. The scheme is meant to meet the education and marriage expenses of a girl child.
We have explained most significant features of this scheme as below. Scheme becomes operational by notification of rules namely sukanya samriddhi account rules, 2014. The budget has now made the income from the scheme tax free. The first account under the scheme was opened in the name of a threeyear old girl vedika tiwari in this district by her parents. Pm sukanya samriddhi yojana 2020 apply online ssy status. 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 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 padhao campaign. Specimen of account opening application form and the passbook of the sukanya samriddhi account are also enclosed for ready reference and necessary action at your end.
In these rules, unless the context otherwise requires,a account means the sukanya samriddhi account opened in accordance with the provisions of these rules. Download sukanya samriddhi calculator in excel format. The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. Printed applications and pass book to suit the pass book printers provided to branches shall be supplied in due course. What are the documents of sukanya samriddhi yojana. Birth certificate of the girl child in whose name the account is opened must be submitted. Sukanya samriddhi scheme archives personal finance plan. Just all details of the sukanya samriddhi scheme are given here.
The finance minister sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. Here we are providing list of authorised banks to open an account, application form, pass book details etc. The account can be opened in any post office or authorized branches of commercial banks. Ssy account is to ensure a bright future for girl children in india. Sukanya samriddhi yojana open sukanya samriddhi account. 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. It is a good debt investment, offering secured investment with 8.
It offers highinterest rate as compared to other saving schemes. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. 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. Now we provide investment calculator for sukanya samriddhi yojana. Sukanya samriddhi yojana is a small savings scheme exclusively for the girl child. Sukanya samriddhi account rules, 2014 notification. Every year, the interest rate gets changed according to finance. Sukanya samriddhi account pnb sukanya samriddhi account.
Download sukanya shiksha yojana investment calculator. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Narendra modi ji launched sukanya samriddhi account a small savings scheme on 22nd january 2015. Sukanya samriddhi account in case date of birth certificate of girl child is not available. Sukanya samriddhi yojana calculator ssy calculator online. A sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. How to open a sukanya samriddhi account step by step guide. Only one account can be opened in the name of a girl child. Sukanya samriddhi yojana list of banks, application form, pass book details. Documents required for kyc may vary from time to time as per the prevalent regulatory guidelines. Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. Mar 19, 2019 download sukanya shiksha yojana investment calculator.
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