Sukanya Samrudhi Yojana

 Sukanya Samrudhi Yojana

👉Information about Government Scheme Sukanya Samrudhi Yojana.  Sukanya samruddhi yojana Detail in gujarati

👉  Information about Sukanya Samrudhi Yojana.  Sukanya samruddhi yojana Detail in gujarati

  👉If you have a little girl in your household, you can invest in the Sukanya Samrudhi Yojana of the Central Government to get unified help during her studies or marriage.  The Sukanya Samrudhi Yojana of the Central Government is a good investment scheme for higher education and saving for the marriage of a daughter below 10 years of age.  Investing money in this great investment option also helps you save on income tax.  For those who want to stay away from stock market risks and are worried about falling interest rates on Fixed Deposit (FD), Sukanya Samrudhi Yojana can be a great step for them.

  

🎆  What is Sukanya Samrudhi Yojana?🎆

 👉 Sukanya Samrudhi Yojana (SSY) is a Central Government Small Savings Scheme for Daughters, launched under Betty Bachao-Betty Padhao Yojana.  Sukanya Samrudhi Yojana is the best interest rate scheme in small savings scheme.

  👉Currently, SSY was offering interest at 7.6%, with income tax exemption.  Earlier, it also received tax-free interest of up to 9.2 per cent.  The Sukanya Samrudhi Yojana account, which can be opened with very little money, has been started keeping in view the families who want to save money for child marriage or higher education through small savings.  Certified Financial Planner Deepali Sen said, “Sukanya Samrudhi Yojana is a very good scheme for those who have low income and do not believe in investing in the stock market.  Capital protection with fixed income is the specialty of this scheme.

  

  🔥How to open Sukanya Samrudhi Yojana account?🔥

  👉Account under Sukanya Samrudhi Yojana can be opened with a minimum deposit of Rs.250 after the birth of a girl before the age of 10 years.  A maximum of Rs 1.5 lakh can be deposited under the scheme in the current financial year.

👉  Where will Sukanya Samrudhi Yojana account be opened?

👉  Account under Sukanya Samrudhi Yojana can be opened at any authorized branch or commercial branch of Post Office.

  👉How long does Sukanya Samrudhi Yojana account have to run?

 👉 After opening Sukanya Samrudhi Yojana account, the girl can continue the account till the age of 21 or after the age of 18 when she gets married.

 🔥 What is the use of Sukanya Samrudhi Yojana?

 👉 In case of spending on higher education of the child, 50 per cent amount can be withdrawn from the Sukanya Samrudhi Yojana account after the age of 18 years.

  👉Rules for opening Sukanya Samrudhi Yojana account

  👉Sukanya Samrudhi Yojana account can be opened in the name of the child by the parents or legal guardian before the age of 10 years.  According to this rule, only one account can be opened for a girl and money can be deposited in it.  Two accounts cannot be opened for one girl.

👉  Documents required for Sukanya Samrudhi Yojana

👉  When opening a Sukanya Samrudhi Yojana account, it is necessary to give the birth certificate of the child to the post office or bank.  In addition, proof of identity and address of the child and guardian is required.

  👉How much money is required for Sukanya Samrudhi Yojana?

 👉 Rs 250 is enough to open an Sukanya Samrudhi Yojana account, but later the money can be deposited in multiples of Rs 100.  A minimum deposit of Rs.250 / - is required in any financial year.  In any one financial year, no more than Rs 1.5 lakh can be deposited in SSY account at one time or more.

  👉The amount can be deposited in Sukanya Samrudhi Yojana account for 15 years from the day of opening the account.  In case of 9 year old girl, the amount can be deposited till she turns 24 years old.  Until the girl reaches the age of 24 to 30 years, when the Sukanya Samrudhi Yojana account matures, interest will continue to accrue on the amount deposited in it.

  

  👉When the amount could not be deposited in Sukanya Samrudhi Yojana?

👉  Irregular Sukanya Samrudhi Yojana accounts where the minimum amount has not been deposited, can be regularized by paying an annual penalty of Rs.50.  In addition, the minimum amount deposited every year should also be credited to the Sukanya Samrudhi Yojana account.

👉  If the penalty is not paid, the amount deposited in the Sukanya Samrudhi Yojana account will earn the same interest as the post office savings account, which is currently around four per cent.  If more interest is paid on Sukanya Samrudhi Yojana account then it can be improved.

👉  How will the amount be credited to Sukanya Samrudhi Yojana account?

 👉 This amount can be deposited in Sukanya Samrudhi Yojana account by cash, check, demand draft or any other such instrument which the bank accepts.  For this it is necessary to write the name of the depositor and the name of the account holder.

👉  The amount in Sukanya Samrudhi Yojana account can also be made through electronic transfer mode, if the core banking system is present at the post office or bank.

👉  If the amount in the Sukanya Samrudhi Yojana account is paid by check or draft, interest will be paid on the amount after clearing the amount in the account, whereas in case of e-transfer, it will be calculated from the day of deposit.

👉  How is interest calculated in Sukanya Samrudhi Yojana account?

  

  👉The government fixes the interest rate on quarterly SSY according to G-Sec yield.  The interest rate on Sukanya Samrudhi Yojana account is 75 basis points higher than the comparable maturity of G-Sec rate.

  🔥Interest paid so far in this scheme🔥

  April 1, 2014: 9.1%

  April 1, 2015: 9.2%

  April 1, 2016 - June 30, 2016: 8.6%

  July 1, 2016 -September 30, 2016: 8.6%

  October 1, 2016-December 31, 2016: 8.5%

  July 1, 2017-December 31, 2017 8.3%

  January 1, 2018 -March 31, 2018: 8.1%

  April 1, 2018 - June 30, 2018: 8.1%

  July 1, 2018 -September 30, 2018: 8.1%

  October 1, 2018 - December 31, 2018: 8.5%

  January 1, 2019 - March 31, 2019: 8.5%

  👉Under what circumstances can the account of Sukanya Samrudhi Yojana be closed before maturity?

  👉If Sukanya Samrudhi Yojana account holder dies, the account can be closed by showing death certificate.  After this, the amount deposited in Sukanya Samrudhi Yojana account can be returned to the child's guardian with interest.

👉  In other cases, the SSY account can be closed up to five years after the opening date.  This can also be done in many circumstances, such as in the case of fatal diseases.

👉  Even after this, if the account is being closed for any other reason, it can be allowed, but the interest on it will be according to the savings account.

  

👉  Transfer to Sukanya Samrudhi Yojana account

  👉The Sukanya Samrudhi Yojana account can be transferred anywhere in the country, if the account holder relocates from the original place of account opening.  Account transfer is free, however, this requires the account holder or his / her parent / guardian to show proof of migration.

  👉If no such proof is shown, a fee of Rs.

  👉Sukanya Samrudhi Yojana account transfer can be done electronically in a bank or post office which has the facility of core banking system.

👉  Partial withdrawal from Sukanya Samrudhi Yojana account

 👉 To meet the financial needs of the account holder, partial withdrawals can be made from the Sukanya Samrudhi Yojana account, which includes works such as higher education and marriage.  In this, 50 per cent of the amount deposited in the scheme can be withdrawn till the end of last financial year.  Withdrawal from Sukanya Samrudhi Yojana is possible only when the account holder is over 18 years of age.

👉  To withdraw money from the account, a written application and admission offer or fee slip is required in any educational institution.  However, in these cases, the withdrawal amount may be equal to the fees and other charges and not more.

  👉When will the Sukanya Samrudhi Yojana account mature?

 👉 The account will mature after the completion of 21 years from the date of opening the account or after the marriage of the girl child.

👉  The Sukanya Samrudhi Yojana, however, has some conditions.

  👉If the account holder gets married before the completion of 21 years of account opening, the amount cannot be credited to the account.

 👉 If the account is being closed before the completion of 21 years, the account holder has to give an affidavit stating that he is not less than 18 years of age at the time of closing the account.  At maturity the deposit will be refunded with interest to the account holder on the production and withdrawal slip of the passbook.

👉  Under Sukanya Samrudhi Yojana, the account can be opened only by an Indian citizen who resides here and stays here even at maturity.  Non-resident Indians cannot open an account under the Sukanya Samrudhi Yojana.

 👉Disclaimer: This article is for informational purposes only, and has been collected from various government websites.  It is presented in simple language for the readers to understand.  Disclaimer: Information about Sukanya Samrudhi Yojana is as per existing rules, we are not responsible for any change in it.

👉  For more information you can visit the official website post office.

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