What is Sukanya Samriddhi Yojana Account? One of the reasons why this scheme has become popular is due to its tax benefit. Any other document which is required to provide under SSY Account. The amount under the PM Sukanya Samriddhi Scheme can be deposit in any bank account and post office. Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme as part of the “Beti Bachao, Beti Padhao Yojana” for the benefit of the girl child. This scheme can be easily opened in post offices and designated private or public banks in the form of a savings account in the name of the baby girl. Eligibility: The account may be opened by: The natural or legal guardian in the name of girl child from the birth of the girl child till she attains the age of 10 years. Parents can open up to two such accounts for girls (they cannot open a third/fourth account, etc. Sukanya Samriddhi Account (Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. Triple Tax Benefit - Principal invested, the interest earned as well as the maturity amount is tax free. It was launched as part of the “Beti Bachao, Beti Padhao Yojana” for the benefit of the girl child. Sukanya Samriddhi Yojana (SSY) offers 8.4% interest for the individual, which is higher than the other bank interest rates. This is a government scheme, so it is also safe. Account can be opened in Post office and branches of authorised banks. 12,000 per year, then at the end of 21 years you will have Rs. For Latest Sarkari Yojana Updates, Subscribe Our Blog by pressing the bell icon. This account is … 1.50 Lakh in a financial year. The SSY account can be transferred from the post office to the bank and vice versa. The girl child has to be below the age of 10 at the time of account openin, Deposits to be made till completion of 15 years, from the date of opening of the account, Partial withdrawal facility is available after account holder attains 18 years of age, Birth Certificate of girl child (mandatory), Identity proof (as per RBI KYC guidelines), Residence proof (as per RBI KYC guidelines). Also, the parents or legal guardian are required to submit the relevant documents verifying the death of the account holder duly attested by the concerned authorities. Sukanya Samriddhi Yojana is a scheme which is started by the Government of India under the “Beti Bachao, Beti Padhao.” In this yojana, an account called Sukanya Samriddhi Yojana is opened for the girl child whose age is under the age of 10 years. It offers excellent interest rate. This is a government scheme, so it is also safe. The main features of the Sukanya Samridhi Yojana Scheme. The scheme inspires the parents/guardians to accumulate funds in the Sukanya Samriddhi Yojana account from the time of the birth of their girl child for the purpose of … one for each girl child. The depositor can get up to 1.50 lakh rupees as a tax benefit under section 80C of the Income Tax Act, 1961. Sukanya Samriddhi Yojana All Details – Sukanya Samriddhi Yojana / Khata has become quite popular in the last few years. If you deposit Rs. Click for Sukanya Samriddhi Account Scheme Rule. The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier. The account can be deposited until the age of 14 years from the account opening. Pradhan Mantri Sukanya Samriddhi Yojana (Maturity calculation 21 years, Chart, Interest Rate 2019-20) The central government of India, under the leadership of Prime Minister started the unique Sukanya Samriddhi Yojana. Provide Ojas Government Jobs, Ojas Free Alerts Jobs, Answer Key, Call Letter, Result. SSY Calculator: Sukanya Samriddhi Yojana is Taxable or Not: Sukanya Samriddhi Account or the Sukanya Samriddhi Yojana (SSY) is an investment scheme aimed … from this page. The Sukanya Samriddhi account can be prematurely closed if there is any kind of direction from the Central Government regarding the inability of the depository to carry forward the account. In a family up to two accounts are allowed i.e. Sukanya Samriddhi Yojana (SSY) Account – Eligibility, Interest Rates & Tax Benefits.

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