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. Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. The sukanya samriddhi yojana, also known as girl child prosperity scheme is launched by prime minister narendra modi. State bank of india is one of the banks that offers the facility to open a sukanya samriddhi account. The balika samridhi yojana is an important initiative of the government to raise the status of a girl child. 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. The sukanya samriddhi yojana provides a small savings account, the money of which can be used by the girl for her higher education or marriage. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. It is a small savings scheme which provides interest and also has some rules, benefits and short comes. Ye video sbi ki child policy yani sukanya samriddhi yojana k bare me h. It is a special small savings account which was launched by the government.
Sukanya samriddhi yojana is an initiative from govt. Sukanya samriddhi yojana eligibilty benifits and pdf form. 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. The gazette on this scheme was released on 2 nd december, 2014. The minimum deposit for governmentbacked small savings scheme for the girl child, sukanya samriddhi, has been slashed to rs 250 from rs 1,000. Sukanya samriddhi yojana open sukanya samriddhi account.
Just for a quick recap, government reduced the interest rate of all products by 0. Sukanya samriddhi yojna is a small deposit scheme for girl child, launched as a part of the beti bachao beti padhao campaign. How to open sukanya samriddhi yojana account in sbi. 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 is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. Sukanya samriddhi yojana in hindi form download pdf. Transfer existing sukanya samriddhi yojana account to.
The sukanya samriddhi yojana in sbi also offers income tax benefits to the account holder. Sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. Here is all you need to know toionline apr 10, 2018, 11. Under this scheme, amount can be deposited by opening a sukanya samriddhi account in the name of a girl child. No, once you acquire nri status, you cannot continue to invest in ssy. Latest current affairs in may, 2020 about sukanya samridhi yojna. This scheme is especially for girls of 10 years or younger. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. Ppf, sukanya samriddhi, nsc, kvp interest rates octdec.
Bank account can be opened for girl child maximum two three accounts can be opened. Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. Earlier the rule was that one can open for their child or guardian can open for a minor child. Pay bills and invoices from any bank account or any card. Sukanya samriddhi yojana ssy is a welfare saving scheme backed by government as part of the beti bachao, beti padhao yojana for the welfare of the girl child. You can get information related to opening of account, operation of account, account closure, withdrawal, etc. Interest rates, tax benefits aur returns k bare me jankari di gayi h. Sukanya samriddhi account eligibility sukanya samriddhi account eligibility the eligibility of sukanya samriddhi yojana is not more than 10 years. Its a special deposit scheme launced by our prome minister narenda modi on 22 nd january 2015 for a girl child. I believe that sbi being the largest bank in india will have maximum number of sukanya samriddhi accounts. In the current budget, our finance minister announced one of the high return saving account to secure the financial future of a girl child.
It is a good debt investment, offering secured investment with 8. Sukanya samriddhi yojana calculator, age limit, apply, sbi maturity amount after 21 years sukanya samriddhi yojana ssy is a small savings deposit scheme launched by the bjp government at center for girl children has stirred up the whole nation. Sukanya samriddhi yojana or girl child prosperity scheme is the part of beti bachao, beti padhao campaign. This yojana is to facilitate them proper education and carefree marriage expenses.
Application form for linking of account s to username. The scheme has been designed in a way that at least some of money can be save for the girl of every indian family, so that the parents an let go of some worries relating to a girl child. Ssy is an initiative taken up by the central government to save the future of the girl child in india. Sukanya samriddhi yojana sbi ssy account for girl child.
April 1, 2015 by sreekanth reddy reserve bank of india rbi has issued a notification on 11th march 2015, authorizing 28 banks to open sukanya samriddhi ac. This scheme was launched by the government to promote the welfare of the girl child. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. This scheme gives an attractive interest to the account holders. Here we are providing list of authorised banks to open an account, application form, pass book details etc. 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 sbi ssy account for girl child by govt. Sukanya samriddhi yojana calculator ssy calculator online.
Sukanya samriddhi account when to invest to earn more. Sukanya samriddhi yojana account comprehensive guide. It is a fixed income investment through which you can make regular deposits and earn interest on it. Download ppfloan acs linking form state bank of india. Sbi sukanya yojana is a part of beti bachao beti padhao programme initiated by government of india. Sukanya samriddhi account pnb sukanya samriddhi account. An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. The balika samridhi yojana is the scheme started by central government ministry of women and child development in 1997. The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. Sukanya samriddhi yojana scheme ssy free online india. Sukanya samriddhi account in state bank of india sbi in this article we are providing details on sukanya samriddhi yojana in sbi. As a part of beti bachao beti padhao campaign, the sukanya samriddhi yojana is gaining popularity like wild fire. It also offers a higher rate of interest as compared to other.
Crisp news summaries and articles on current events about sukanya samridhi yojna for ibps, banking, upsc, civil services. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Sukanya samriddhi yojana is an initiative taken by central government. 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 objective of this yojana is to promote the welfare of girl child. 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 inside n out sukanya samriddhi yojana day today gk. 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 list of banks, application form. Download sukanya samriddhi account calculator for calculating the maturity amount of investment at 9. The investors, on the other hand, need to keep in mind five important years or time spans before investing in ssy. Main purpose of this sukanya samriddhi yojna is to provide girl education and her marriage expenses. There are two option of investment under sukanya samriddhi account i. Documents required to open sukanya samriddhi yojana account in sbi. Sukanya samriddhi yojana was launched by the central government in january 2015. Sukanya samriddhi yojana calculator sbi, icici, post. It is offers financial help for education or marriage of a girl.
It is a great option for someone who is looking to secure hisher daughters future without having to spend a large chunk of money. Customer needs to submit ssy transfer request at existing bank post office mentioning address of icici bank branch. Minimum annual deposit of sukanya samriddhi account. Under the pradhan mantri jan dhan yojana of financial inclusion launched by government in august 2014, sbi held 11,300 camps and opened over 3. Sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014. As mentioned earlier, ssa account can be opened in the post office and nationalized banks including sbi and its branches. Finance minister arun jaitley had announced this scheme in his budget speech in july. Sukanya samriddhi yojana account faqs icici bank answers. Account can be opened in post office and branches of authorised banks.
I just opened a sukanya samriddhi yojana account for my daughter. However, for this quarter government retained the same last quarters interest rates for all post office savings schemes. 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. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. Ppf, sukanya samriddhi, nsc, kvp interest rates octdec 2017. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. The sukanya samriddhi yojana is a scheme launched by the government in 2015 as part of the beti bachao beti padhao campaign to encourage saving for the girl childs future. Account can be opened in the name of a girl child till she attains the age of 10 years.
Government backed sukanya samriddhi yojana ssy is targeted towards a girl child and her financial needs such as education and marriage. However, as the exact age at which she would require the funds is uncertain, the scheme tries to be flexible. The government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. Earlier deposit in sukanya samriddhi account will be allowed up to the 14 years of age of girl child. Sbi policy for child sukanya samriddhi yojana in hindi. Find information on sukanya samriddhi yojana 2020 special features facility interest rates deposit income tax benefits from all banks icici, sbi, hdfc, pnb, uco, bank of baroda etc special features. Though i am heavily invested in equities, i feel this is a good scheme on the fixed securities portfolio. Birth certificate of the girl child in whose name the account is opened must be submitted. 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 list of banks, application form, pass book details. The income tax deduction is available us 80c for an amount of up to rs 1. Only one account can be opened in the name of a girl child. This notification was published on 2nd december 2014 but was launched on 22nd january 2015. 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.
Sukanya samriddhi ac list of authorized banks download application form last updated. Interest rate for sukanya samriddhi account for a period of 1st april, 2016 to 30th june, 2016 is 8. Sukanya samriddhi yojana account open, eligibility. Now, parents can open a sukanya samriddhi account for their girl child in state bank of india sbi. Birth certificate of girl child in whose name the account is opened must be. Sukanya samriddhi account scheme national savings institute. Sbi sukanya samriddhi yojana account opening form online. The present or current interest offered by the government 8. It is a small saving scheme initiated by the goi to encourage people to save. 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. Account can be opened in post offices and notified branches of commercial banks.
The scheme currently provides an interest rate of 9. The initiative which was announced in the current fiscal budget speaks about the savings account for the girl child so as to secure her financial future. Download sukanya samriddhi account calculator in excel. Users can find detailed information pertaining to this scheme for girl child. The state bank of india sbi is an indian multinational, public sector banking and financial. Sukanya samriddhi yojana new interest rate 2018 account. Sukanya samriddhi yojana sukanya samriddhi scheme comes from ministry of finance under its notification gsr 863e. 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. Ministry of finance department of economic affairs vide their egazette notification dated 12th dec,2019,g. Sukanya samriddhi yojana in view of promoting the welfare of the girl child, the government of india has come up with a scheme known as sukanya samriddhi yojana. The interest rate on pradhan mantri sukanya samriddhi yojana account.
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