Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Sukanya samriddhi account pnb sukanya samriddhi account. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. The account opening form to be used and the specimen of pass book is provided in. Finance minister arun jaitley had announced this scheme in his budget speech in july. This account can be opened for girl child on her name by her parents. Account can be opened in post office and branches of authorised banks. Sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. A maximum of 2 accounts can be opened, and in the case of.
Sukanya samriddhi yojana scheme details, interest rate. Sukanya samriddhi account ssa is an investment scheme which can be opened for a girl child. For complete information, you need to contact the issuer while applying for the scheme. I hereby declare that i have not opened or maintaining any other account under the same scheme in the name of the account has. Sukanya samriddhi yojana account comprehensive guide. Lics limited premium endowment plan is a participating non. Ssy account is to ensure a bright future for girl children in india. 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. Jan 04, 2020 sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. 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 account ssa is a government of india backed saving scheme targeted at the parents of girl children. Sukanya samriddhi yojana is one such government back scheme to help parents save for the education and marriage of the girl child from the start itself. It is basically an investment scheme with tax benefits for the parents.
A sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. Birth certificate of girl child in whose name the account is opened must be. Sukanya samriddhi yojana is an initiative taken by central government. 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 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. The scheme is specially designed for girls higher education or marriage needs and should be opened by her parents or legal guardianin case parents are missing. The investment and calculation option for sukanya samriddhi yojana for various time frame are. Feb 27, 2016 the sukanya samriddhi yojana ssy, which is also known by the name of child prosperity scheme is launched by honorable prime minister shri. Documents that are required to open a sukanya samriddhi yojana account. Tax saving should not be the only reason for investing in ssy. 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. For security purpose lic limited premium endowment is much better than post office scheme sukanya samridhdhi.
The reserve bank of india has authorized the following banks to open sukanya samriddhi savings accounts ssa. The objective of this yojana is to promote the welfare of girl child. This scheme is specially designed for girls higher education or marriage needs. I agree to abide by the provisions of the sukanya samriddhi yojana scheme and amendments issued thereto from time to time. Jul 16, 2015 sukanya samriddhi account will provide tax free return. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. Sukanya samriddhi yojana open sukanya samriddhi account. Sukanya samriddhi account in state bank of india sbi in this article we are providing details on sukanya samriddhi yojana in sbi. Scheme matures when girl child attains age of 21 years. The sukanya samriddhi account calculator shows the maturity amount under both the investment option for various time period with fixed interest rate as mentioned. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child. Sukanya samriddhi account tax benefits by investing for. Mar 16, 2015 the sukanya samriddhi yojana ssy could be a better alternative.
An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. May 06, 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. It can be opened by the parents of a girl child below the age of 10. This scheme is falling under eee scheme means amount invested and returned earned is non taxable. The age of the girl at the time of opening account should not be more than 10 years. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. This scheme was launched by narendra modi government to help people save for future of their girl child. The gazette on this scheme was released on 2 nd december, 2014. Generally, all banks that provide the facility to open a public provident fund account offer one for sukanya samriddhi yojana ssy too. The sukanya samriddhi scheme was created as a way for parents to save for the education and marriage of the girl child, with a high rate of interest and tax saving benefits, the scheme will have a popular response as a tax savings instrument as well. In jan2015, govt of india has announced sukanya samriddhi account yojana, however, yet to provide relevant application forms till now. Narendra modi on 22nd january 2015 in panipat, haryana. The principal scheme was published in the gazette of india, extraordinary, part ii, section 3, subsection i vide notification number g.
Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. The rate of interest offered by the scheme for the first quarter of fy 20192020 is 8. Dec 27, 2018 a sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. For complete information, you need to contact the issuer while. 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.
Here we are providing list of authorised banks to open an account, application form, pass book details etc. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. The scheme is meant to meet the education and marriage expenses of a girl child. It was launched by shri narendra modi indian prime minister under the beti bachao, beti padhao campaign. Sukanya samridhi yojana, sukanya samriddhi account scheme. Sukanya samriddhi yojana is eligible for tax exemption under section 80c of income tax. The budget has now made the income from the scheme tax free. Sukanya samridhi yojana scheme for future of girl child.
Secure your daughters future with sukanya samridhi yojana. Account can be opened in the name of a girl child till she attains the age of 10 years. One of the reasons why this scheme has become popular is due to its tax benefit. Apr 10, 2018 sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. 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. Fields with asterisk are mandatory parentguardians details. Apr 12, 2015 sukanya samriddhi account new saving scheme is the nes small deposit post office scheme launched by govt of india under beti bachao beti padhao campaign in 2014 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Earlier the rule was that one can open for their child or guardian can open for a minor child.
Finance ministry notification for sukanya samriddhi account can be downloaded here. This scheme is especially for girls of 10 years or younger. The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister narendra modi. 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. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. Sukanya samriddhi account saving scheme for girl child. Sukanya samriddhi account new saving scheme is the nes small deposit post office scheme launched by govt of india under beti bachao beti padhao campaign in 2014 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Sukanya samriddhi account scheme national savings institute. Indias innovative women empowerment and social protection scheme find, read and cite all the research you. Sukanya samruddhi yojana account scheme details icici bank. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. Sukanya samriddhi yojanascheme is a government scheme, launched by mr. The salient main features of the scheme are as under.
Sukanya samriddhi yojana eligibilty benifits and pdf form. Details of other kyc documents attached i hereby undertake to abide by the provisions rules of the sukanya sarnriddhi account and amendments issued thereto from time to time. What are the disadvantages of sukanya samriddhi yojana. The sukanya samriddhi yojana, also known as girl child prosperity scheme is launched by prime minister narendra modi. In the current budget, our finance minister announced one of the high return saving account to secure the financial future of a girl child.
The scheme was already eligible for deduction under section 80c. Sukanya samriddhi yojana is a small savings scheme launched by the prime minister to encourage savings that will eventually be used to fund the education and marriage of the girl child. The scheme currently provides an interest rate of 9. Sukanya samriddhi yojana ssy a small deposit scheme which has been started by the indian government under the beti bachao initiative. Sukanya samriddhi yojana open sukanya samriddhi account online.
Sukanya samriddhi yojana is a small savings scheme exclusively for the girl child. This yojana is to facilitate them proper education and carefree marriage expenses. Sukanya samriddhi literally means prosperity for the girl child. The sukanya samriddhi scheme can only be utilized for a minor girl child the age of the child should be less than 10years on the other hand, there is an allowance that has been offered whereby in case the child turns ten between the duration of december 20 to december 2014 then, the sukanya samriddhi account can still be opened. We all know that the maximum yearly limit for sukanya samriddhi yojana account is rs. Sukanya samriddhi yojana is a savings scheme formulated to benefit the parents of the girl children. Sukanya samriddhi scheme has been launched as a part of beti bachao beti padhao campaign to offer a means of saving to the girl child in every family. Sukanya samriddhi account will provide tax free return. What it means is that tax exemption is now available at all 3 stages i. How to open sukanya samriddhi account at post offices and banks. The account will be opened and operated by the guardian of a girl child till the girl child, in whose name the account has been opened, attains the age of 10 years. 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. These rules may be called the sukanya samriddhi account rules, 2016.
The prime goal of this scheme is to give focus on girls child higher education and marriage. 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. Narendra modi, as a part of beti bachao beti padao campaign. Sukanya samriddhi account scheme, 2019 detailed analysis. Download sukanya samriddhi account calculator in excel. The prime aim of the scheme is to encourage parents of a. 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 sukanya samriddhi scheme can only be utilized for a minor girl child the age of the child should be less than 10years on the other hand, there is an allowance that has been offered whereby in case the child turns ten between the duration of december 20 to december 2014 then, the sukanya samriddhi account can still be. Sukanya samriddhi yojana 2018 ssy account opening form. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. The inside n out sukanya samriddhi yojana day today gk. Sukanya samriddhi account can be opened at post office or at designated bank branches. 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. As i mentioned and anticipated in my post, sukanya samriddhi scheme is accorded eee tax status in budget 2015.
The interest rate of sukanya samriddhi account changes quarterly. Aug 05, 2019 sukanya samriddhi account saving scheme for girl child. A sukanya samriddhi account may be opened by the natural or legal guardian in the name of a child from. Sukanya samriddhi yojana list of banks, application form. 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 details are given in this article. Just all details of the sukanya samriddhi scheme are given here. What is sukanya samriddhi account check lic policy. Asher and others published sukanya samriddhi yojana. The sukanya samriddhi account can be opened in post offices and some designated banks.
Also, rules are subject to change and accordingly impact. Oct 06, 2016 sukanya samriddhi literally means prosperity for the girl child. Opening of account under sukanya samriddhi account scheme, 2019 1 the account may be opened by one of the guardian in the name of a girl child, who has not attained the age of ten years as on the date of opening of the account. The scheme inspires the parentsguardians to accumulate funds in the sukanya samriddhi yojana account from the time of the birth of their girl child for the purpose of their education and marriage. Jan 29, 2015 sukanya samriddhi account ssa is an investment scheme which can be opened for a girl child. The features of the sukanya samriddhi scheme are as follows the account can be opened on behalf of the girl child by her parents or legal guardians. Sukanya samriddhi yojana eligibilty benifits and pdf form sukanya samriddhi yojana was launched by the central government in january 2015. Sukanya samriddhi yojana sukanya samriddhi yojana ssy is a scheme exclusively for girl children, started by the prime minister of india mr. Sukanya samriddhi yojana calculator ssy calculator online.
Sukanya samriddhi yojana details and more accountingcapital. January 22, 2017 sukanya samriddhi yojana is a most popular government scheme for the betterment of girl children in india. Unfortunately, sukanya samriddhi yojna is applicable on girl child below 10 years of age. Sukanya samridhi yojana, sukanya samriddhi account scheme by govt. Oct 23, 2018 just all details of the sukanya samriddhi scheme are given here. The scheme is specially designed for girls higher education or marriage needs and should be opened by her parents or legal guardian in case parents are missing. 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. The scheme is aimed at the betterment of girl child in the country. Sukanya samriddhi yojana list of banks, application form in pdf. 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 is a savings scheme that prompts parents and legal guardians of a girl child to put away small sums of money on a regular. Only one account can be opened in the name of a girl child. The candidates can find the respective details of the sukanya samriddhi yojna on this page.
A sukanya samriddhi account has a tenure of 21 years or until the girl child marries after the age of 18. I just opened a sukanya samriddhi yojana account for my daughter. I hereby declare that i have not opened or maintaining any other account under the. The prime aim of the scheme is to encourage parents of a girl child in. Click here to viewdownload the pdf of sukanya samriddhi account amendment scheme, 2020 gazette notification. Application for opening an account under sukanya samriddhi account please fill all the details in capital letters only. Though i am heavily invested in equities, i feel this is a good scheme on the fixed securities portfolio. For those who are interested in opening sukanya samriddhi account in post office, here are the steps. Bank, our bank has to extend the facility of opening account under sukanya samriddhi yojana in. Sukanya samriddhi yojana scheme, eligibility, features, calculation, account details in hindi sukanya samridhi yojana details, sukanya samridhi yojana sche. Sukanya samriddhi yojana list of banks, application form, pass book details. There are two option of investment under sukanya samriddhi account i. It is a good debt investment, offering secured investment with 8. Download sukanya samriddhi account calculator for calculating the maturity amount of investment at 9.
First of all get the application form links in the end of article fill in the application form and also attach following documents. Sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. 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. This is a must have scheme for every parent to secure future of their girl child. The sukanya samriddhi yojana ssy could be a better alternative. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. Under the sukanya samriddhi scheme, a parent or legal guardian can open an account in the name of the girl child until she attains the age of ten years. In recent budget speech, finance minister indicated that the returns from sukanya samriddhi yojana is tax free. Looking at tax benefit and return applicable you should invest in sukanya samrriddhi account. The accounting procedure is elucidated hereunder for the information of.
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