How to open sukanya samriddhi account at post offices and banks. The other tax saving options which have defined rate of interest are five year bank fixed deposits and national savings certificates nsc. It was launched by shri narendra modi indian prime minister under the beti bachao, beti padhao campaign. India post sukanya samriddhi account new saving scheme for. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. Even after the government has slashed small savings schemes interest rates for the april june 2020 quarter, there are few schemes that are beneficial even after that. Sukanya samriddhi account scheme national savings institute. The scheme encourages parents to build a fund for the future education and. Sukanya samriddhi yojana has been introduced vide government of india notification no. Sukanya samriddhi yojana list of banks, application form, pass book details. Minimum annual deposit of sukanya samriddhi account slashed.
Pay bills and invoices from any bank account or any card. Click here to viewdownload the pdf of sukanya samriddhi account amendment scheme, 2020 gazette notification. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. I name of parentguardian hereby apply for opening an account under sukanya. The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. Sukanya samriddhi yojana is a fairly new scheme launched in 2015. May 12, 2019 the same tax benefits would also apply to sukanya samriddhi account. Sukanya samriddhi account can be opened at post office or at designated bank branches. Sukanya samriddhi yojanascheme is a government scheme, launched by mr. The government came up with the scheme in april 2014. 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. Sukanya samriddhi scheme archives personal finance plan.
It is a small saving scheme initiated by the goi to encourage people to save. 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. However the later deposit scheme is far better when it comes to securing the future of a girl child. Narendra modi, as a part of beti bachao beti padao campaign. Interest is not payable once the duration of the scheme is completed or if the girl becomes a nonresident indian nri or a noncitizen.
Sukanya samruddhi yojana account scheme details icici bank. 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. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. A sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. Sukanya samriddhi yojana account comprehensive guide. Sukanya samridhi yojana, sukanya samriddhi account scheme by govt. Oct 27, 2017 the scheme can help parents of a girl child to offer financial security as well as money for education, wedding and other financial goals of their precious daughters. Here is all you need to know toionline apr 10, 2018, 11. Birth certificate of girl child in whose name the account is opened must be. Sukanya samridhi yojana, sukanya samriddhi account scheme. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. A sukanya samriddhi account has a tenure of 21 years or until the girl child marries after the age of 18.
What are the disadvantages of sukanya samriddhi yojana. 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. This scheme is especially for girls of 10 years or younger. Secure your daughters future with sukanya samridhi yojana. 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 ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child.
Oct 23, 2018 just all details of the sukanya samriddhi scheme are given here. Generally, all banks that provide the facility to open a public provident fund account offer one for sukanya samriddhi yojana ssy too. Apr 10, 2018 here is all you need to know toionline apr 10, 2018, 11. Sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. Sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014. The scheme was already eligible for deduction under section 80c. 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 calculator ssy calculator online. In recent budget speech, finance minister indicated that the returns from sukanya samriddhi yojana is tax free. Mar 16, 2015 the sukanya samriddhi yojana ssy could be a better alternative. Sukanya samridhi yojna under beti bachao beti padhao bbbp campaign. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. Jan 17, 2019 sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign.
At a time when the entire world is fighting against covid19 pandemic, its time to go for governmentbacked small saving schemes. The account opening form to be used and the specimen of pass book is provided in. Sukanya samriddhi yojana list of banks, application form. It was launched by prime minister narendra modi on 22 january 2015 in haryana to enhance the strength and honour of the girl children across the. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. 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 government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime.
In india, a girl child was considered a burden, especially in the rural sector. 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. The salient main features of the scheme are as under. Post office means any post office in india doing savings bank work and authorised to open an account under these rules. 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. It can be opened by the parents of a girl child below the age of 10. Sukanya samriddhi yojana ssy a small deposit scheme which has been started by the indian government under the beti bachao initiative. Account can be opened in post office and branches of authorised banks. Lics limited premium endowment plan is a participating non.
Jul 31, 2015 lics limited premium endowment plan is a participating nonlinked plan which offers a combination of protection and savings. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Here we are providing list of authorised banks to open an account, application form, pass book details etc. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. It is not right to compare sukanya samriddhi account with other investment options savings scheme. Sukanya samriddhi account can be opened in post office and authorized banks. A maximum of 2 accounts can be opened, and in the case of. All about sukanya samriddhi yojana linkedin slideshare. Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. The scheme was launched by prime minister narendra modi in january 2015, as a part of the beti bachao, beti padhao campaign.
Jan 07, 2016 sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014. Sukanya samriddhi yojana eligibilty benifits and pdf form sukanya samriddhi yojana was launched by the central government in january 2015. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. Currently, the interest rate of ssy scheme was reduced from 8. What is sukanya samriddhi scheme sss the ssy is a girl child prosperity scheme under beti bachao beti padhao initiative of our prime minister sh.
The amount that is deposited under the sukanya samriddhi account will be eligible for income tax exemption under section 80c of income tax act, 1961. The sukanya samriddhi yojana ssy could be a better alternative. Dec 27, 2018 terms related to sukanya samriddhi account depositor means an individual who, on behalf of a minor girl child of whom he or she is the guardian, deposits money in an account under the rules. Account can be opened in post offices and notified branches of commercial banks. Ministry of finance regulated scheme with attractive interest rates.
The gazette on this scheme was released on 2 nd december, 2014. The balika samridhi yojana is an important initiative of the government to raise the status of a girl child. Under pm narendra modis campaign beti bachao, beti padhao, the government launched the sukanya samriddhi yojana to. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. The same tax benefits would also apply to sukanya samriddhi account. Account can be opened in the name of a girl child till she attains the age of 10 years. It is part of beti bachao beti padhao initiative of government of india goi also known as bbb. Indias innovative women empowerment and social protection scheme find, read and cite all the research you. Apr 29, 2016 the balika samridhi yojana is the scheme started by central government ministry of women and child development in 1997. 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. The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister narendra modi. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children.
For security purpose lic limited premium endowment is much better than post office scheme sukanya samridhdhi. 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. The rate of interest offered under these options is lower than the interest rate offered for sukanya samriddhi deposit scheme. The first account under the scheme was opened in the name of a threeyear old girl vedika tiwari in this district by her parents. Sukanya samriddhi yojana open sukanya samriddhi account. Sukanya samriddhi yojana list of banks, application form in pdf. Jul 23, 2018 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 is a small savings scheme exclusively for the girl child. Narendra modi ji launched sukanya samriddhi account a small savings scheme on 22nd january 2015. 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. This account can be opened for girl child on her name by her parents. Sukanya samriddhi yojana open sukanya samriddhi account online.
Bank, our bank has to extend the facility of opening account under sukanya samriddhi yojana in. Ssy account is to ensure a bright future for girl children in india. The principal scheme was published in the gazette of india, extraordinary, part ii, section 3, subsection i vide notification number g. How to open sukanya samriddhi account at post offices and. The scheme offered attractive guaranteed interest rates. 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.
It is basically an investment scheme with tax benefits for the parents. Documents that are required to open a sukanya samriddhi yojana account. What are the disadvantages of sukanya samriddhi yojana 0. The finance minister sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. 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. We all know that the maximum yearly limit for sukanya samriddhi yojana account is rs.
The core objective of the scheme aligns with the main principal of providing financial support to the girl child at every major step of her life, be it academics or related to marriage. Sukanya samriddhi account in case date of birth certificate of girl. Sukanya samriddhi account rules, 2016 department of economic. Sukanya samriddhi account ssa is an investment scheme which can be opened for a girl child. Sukanya samriddhi yojana account faqs icici bank answers. Sukanya samriddhi yojana eligibilty benifits and pdf form. Sukanya samriddhi scheme account can be opened in the name of a girl child till she attains the age of 10 years. Sukanya samriddhi yojana is a governmentbacked savings scheme as part of the beti bachao, beti padhao yojana for the benefit of the girl child.
Apr 15, 2016 sukanya samriddhi yojana scheme is a government scheme, launched by mr. Jul 24, 2018 this scheme is specially designed for girls higher education or marriage needs. Jan 29, 2015 sukanya samriddhi account ssa is an investment scheme which can be opened for a girl child. All post office branches and a number of banks have been assigned the responsibility of opening sukanya samriddhi account. 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. Just all details of the sukanya samriddhi scheme are given here. Sukanya samriddhi yojana scheme details are shared in this video. In jan2015, govt of india has announced sukanya samriddhi account yojana, however, yet to provide relevant application forms till now. The prime goal of this scheme is to give focus on girls child higher education and marriage. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details.
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. 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. The sukanya samriddhi yojana ssy, which is also known by the name of child prosperity scheme is launched by honorable prime minister shri. Jan 04, 2020 sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. There is a purpose behind this scheme and it is being launched with an objective. This scheme is specially designed for girls higher education or marriage needs. The scheme can help parents of a girl child to offer financial security as well as money for education, wedding and other financial goals of their precious daughters. Finance minister arun jaitley had announced this scheme in his budget speech in july.
Sukanya samriddhi account cannot be considered as an investment option but a savings scheme to secure the future of girl child. Sukanya samriddhi yojana vs lics limited premium endowment plan. 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. It is a good debt investment, offering secured investment with 8. 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 is a most popular government scheme for the betterment of girl children in india. Sukanya samridhi yojna under beti bachao beti padhao bbbp campaign it was launched by prime minister narendra modi on 22 january 2015 in haryana to enhance the strength and honour of the girl children across the. Ministry of finance department of economic affairs notification new delhi, the 2nd december, 2014 g. Sukanya samriddhi account is another welcome step from govt of india.
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. Birth certificate of the girl child in whose name the account is opened must be submitted. The balika samridhi yojana is the scheme started by central government ministry of women and child development in 1997. Quick guide to apply online for sukanya samridhi yojana. Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. 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. Asher and others published sukanya samriddhi yojana. A sukanya samriddhi account may be opened by the natural or legal guardian in the name of a child from. Sukanya samriddhi account saving scheme for girl child. Sukanya samriddhi scheme fetches a higher interest rate compared with other small savings schemes. Only one account can be opened in the name of a girl child.
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