Sukanya samriddhi account scheme national savings institute. May 12, 2019 drawbacks of ssa sukanya samriddhi account yojana. Drawbacks of ssa sukanya samriddhi account sukanya yojana. The scheme mainly assists parents of a girl child to create a. The account opening form to be used and the specimen of pass book is provided in. Parents can open up to two such accounts for girls they cannot open a thirdfourth account etc, if they have more than two. Sukanya samriddhi yojana was launched on 22nd january 2015 as a part of the beti bachao, beti padhao yojana. Sukanya samriddhi yojana is a governmentbacked savings scheme as part of the beti bachao, beti padhao yojana for the benefit of the girl child. What documents are required to open sukanya samriddhi yojana. Sukanya samriddhi account girl child prosperity account is a government of india backed saving scheme targeted at the parents of girl children. The interest rate is declared quarterly just like other post office schemes. Indias innovative women empowerment and social protection scheme article pdf available august 2018 with 19,517 reads. The main features of the sukanya samridhi yojana scheme.
Lets see what this scheme has to offer, sukanya samriddhi yojana is a saving scheme wherein any person can open an account for hisher girl child to save some funds for her better future. Sukanya samriddhi yojana was launched by the central government in january 2015. The sukanya samriddhi yojana in sbi also offers income tax benefits to the account holder. Rate of interest on sukanya samriddhi yojana account is 8% per annum. The sukanya samriddhi yojana will take care of all the expenses of a girl child from higher education to the marriage. Nov 01, 2016 sukanya samriddhi yojana was launched by the prime minister mr. This scheme is currently 201617 fetching an interest rate of 9. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. The scheme was launched by prime minister narendra modi on 22 january 2015 as a part of the beti bachao, beti padhao campaign. The present or current interest offered by the government 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 opened. Once the module for sukanya samriddhi yojana is developed in finacle, the designated branches. Here we are providing list of authorised banks to open an account, application form, pass book details etc. An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. You need to know about new features of sukanya samriddhi.
Sukanya samriddhi yojana eligibilty benifits and pdf form. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc. Content owned and updated by department of posts, ministry of communications, government of india. Aug 27, 2017 here is an illustration of sukanya samriddhi yojana vs. Read more to know about the objectives of this scheme. The interest rate on pradhan mantri sukanya samriddhi yojana account. Mar 27, 2015 sukanya samriddhi account application form download for bank or post office reply sukanya samriddhi yojana account to earn at 9. Jan 27, 2017 before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. Sukanya samriddhi yojana versus lic kanyadan policy. Mar 12, 2015 drawbacks of sukanya samriddhi scheme.
Check about pradhan mantri sukanya samriddhi yojana pmssy, sukanya samriddhi yojana account opening form, sukanya samriddhi yojana account opening, procedure, interest rate, calculator, many account can open, detail in this article for the better future of girl child a scheme is started in india. Why read the yojana magazine as already said above, the yojana magazine provides the reader with the governments. The scheme is available at 1,604 pnb branches across india. Account can be opened in the name of a girl child till she attains the age of 10 years. Sukanya samriddhi yojana beti bachao, beti padhao upsc. According to the directive from the government of india, bank of baroda is offering the sukanya samriddhi yojana to its customers as a possible investment. One family can open only 2 accounts even if there are more than 2 girls in the family unless there are more than 2 births at 1 time in which case, accounts for all the girl children born at the same time can be opened. Sukanya samriddhi yojana 2020 sukanya samriddhi yojana is a scheme launched by the government of india as part of beti bachao beti padhao abhiyan to provide benefits to parents to meet the education and marriage expenses of girls. Narendra modi on 22nd january 2015 in panipat, haryana.
This scheme was launched to meet the expense of the. Under the post office sukanya samriddhi yojana aguardian of a girl child can open an account under the sukanya samriddhi yojanaina post office. The scheme revolves around the objective of welfare of women and the girl child in india. Sukanya samriddhi yojana 2019 eligibility, interest rate. Sukanya samriddhi yojana in telugu how to get upto 6 to. The best part about sukanya samriddhi account is that it offers a higher rate of interest in comparison to all other saving schemes. Sukanya samriddhi yojana details interest rate for ssy. A sukanya samriddhi account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of rs. Sukanya samriddhi yojana versus lic kanyadan policy sukanya samriddhi yojna and lic kanyadan policy are schemes launched to provide relief to parents bearing girl child.
Sukanya samriddhi yojana scheme is a government scheme, launched by mr. Sukanya samriddhi account application form download for. Pm sukanya samriddhi yojana online apply, ssy status check, eligibility, chart, benefits. 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.
Benefits of sukanya samriddhi yojana are discussed. The honourable prime minister, shri narendra modi launched this scheme under the campaign named beti bachao, beti padhao. Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children. Created and managed by tata consultancy services ltd. Crisp news summaries and articles on current events about sukanya samridhi yojna for ibps, banking, upsc, civil services. Account can be opened in post office and branches of authorised banks. This scheme aims are helping parents invest money in an account where they get a good rate of interest and build a sizable amount of savings that can then be used to fund the needs of their daughters. It is meant to meet the girl childs education expense and marriage expense in the future. Sbi sukanya yojana is a part of beti bachao beti padhao programme initiated by government of india. Editor may 17, 2016 blog comments off on education withdrawal conditions in sukanya samriddhi yojana education withdrawal conditions in sukanya yojana sukanya yojana, better known as sukanya samriddhi yojana in one of the flagship programs launched by modi government at the center.
Sukanya samriddhi yojana calculator ssy calculator online. 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. It also offers a higher rate of interest as compared to other. 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. This scheme is the instrument of the guaranteed return backed by a sovereign guarantee and with an iet status. Sukanya samriddhi account saving scheme for girl child.
It is focused essentially upon the development of girl child in the country. Aug 05, 2019 sukanya samriddhi account yojana is recently launched by prime minister narendra modi. It is a good debt investment, offering secured investment with 8. May 01, 2015 the punjab national bank has started opening sukanya samriddhi scheme accounts. You can almost double your money in sukanya samriddhi yojana in the long term. Latest interest rate on ppf, sukanya samriddhi, other post office. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or india post branch. Faqs sukanya samriddhi yojana has been introduced vide government of india notification no. One of the reasons why this scheme has become popular is due to its tax benefit. You need to know about new features of sukanya samriddhi yojana published on. Sukanya samriddhi yojana open sukanya samriddhi account online. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. Account can be opened in post offices and notified branches of commercial banks.
So just have to download the application form, print this application form and then submit the applicatin form to the post office where you want to open sukanya samriddhi account. Quick guide to apply online for sukanya samridhi yojana ssy. This yojana is to facilitate them proper education and carefree marriage expenses. Many small savings schemes such as ppf, sukanya samriddhi and senior citizen savings scheme have. Sukanya samriddhi yojana ssy is a govt backed saving scheme launched by prime minister narendra modi to empower girl child.
Sukanya samriddhi account idbi bank sukanya samriddhi. Latest current affairs in may, 2020 about sukanya samridhi yojna. 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. About sukanya samriddhi yojana or ssy sukanya samriddhi yojana is a scheme by government of india which is also briefed as ssy and is a prime minister scheme under the program beti bachao beti padhao. 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. Finance notifications notificationscirculars 12 dec 2019. Account opening form ssa faqs on sukanya samridhi account the government of india has authorised idbi bank to receive subscriptions of sukany samriddhi accounts through its all branches across india. Sukanya samriddhi scheme not for nris nagpur news times. Online application for pm sukanya samriddhi yojana 2020 is available here, sukanya samriddhi yojana popularly known as syy was launched in the year 2014 by the government of india. Sukanya samriddhi yojana account opening from the post office is no differ the open sukanya samriddhi account in hdfc or in any bank for that matter. Although earlier governments have also taken many initiatives in the name of girl child but sukanya samriddhi yojana is one of its kind and we havent seen any precedent to such a scheme. Sukanya samridhi yojana, sukanya samriddhi account scheme by govt. Only one account can be opened in the name of a girl child.
Sukanya yojana sukanya samriddhi account is government of india backed savings scheme targeted at the parents of girl child. Sukanya samridhi yojana girl child prosperity scheme 2019. Sukanya samriddhi yojana sukanya samriddhi yojana ssy is a scheme exclusively for girl children, started by the prime minister of india mr. Pradhan mantri sukanya samriddhi yojana pradhan mantri. May 17, 2016 editor may 17, 2016 blog comments off on education withdrawal conditions in sukanya samriddhi yojana education withdrawal conditions in sukanya yojana sukanya yojana, better known as sukanya samriddhi yojana in one of the flagship programs launched by modi government at the center. 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 is small deposit scheme for the girl child. It is a savings scheme launched as a part of beti bachao, beti padhao campaign.
Sukanya samriddhi yojana syy is a saving scheme launched by the government of india in the year 2014. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. The interest rate for janmar19 q4, fy 201819 was 8. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. I name of parentguardian hereby apply for opening an account under sukanya. Punjab national bank pnb to open sukanya samriddhi account. Pnb is the first bank to do so after the scheme was formally launched in january this year. 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. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Circle, sukanya samriddhi account, deposit in rupees.
The motive of these schemes is to serve the wishes of parents who want to save money for the higher education and marriage of their girl child through small savings. An account in her name can be opened any time before the girl attains the age of 10 years. Sukanya samriddhi yojana ssy is a small deposit scheme for the girl child launched as a part of the beti bachao beti padhao campaign. Sukanya samruddhi yojana account scheme details icici bank. Needless to say, the magazine presents the indian governments opinions on any issue. Open an account with icici and build a corpus for your girl childs future education and other major expenses. This small saving scheme sukanya samriddhi yojana in post office is a good investment plan for the parents. Launched as a part of beti bachao beti padhao campaign, sukanya samriddhi yojana is a small savings scheme by the government of india.
Application form sukanya yojana jharkhand 2020,download pdf form,helpline number. Sukanya samriddhi yojana list of banks, application form in pdf. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Documents required for opening sukanya samriddhi account are. The sukanya samriddhi yojana was launched as a part of the beti bachao, beti padhao campaign by the modi government on 22 january 2015 after seeking the subjugating conditions of the girl children in the country. Ministry of finance department of economic affairs vide their egazette notification dated 12th dec,2019,g. On 23 july 2018, the criteria for minimum annual deposit for the sukanya samriddhi yojana account has been revised to rs. Pm sukanya samriddhi yojana online apply, ssy status check. Education withdrawal conditions in sukanya samriddhi yojana.
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. Yojana magazine 2020 free yojana magazine pdf download. Ssy account is to ensure a bright future for girl children in india. It is run by the ministry of women and child welfare, govt. 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. Sukanya samriddhi yojana is centralized about proper. This scheme is especially for girls of 10 years or younger. Sukanya samriddhi yojana account open, eligibility. Therefore, with this child education plan for girl child one can certainly ensure their girl childs future and meet her financial requirements in future. 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. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit of the girl child. Feb 27, 2016 the sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. Mukhyamantri sukanya yojana injharkhand mukhyamantri sukanya yojana jharkhand 2019. Sukanya samriddhi yojana customer care helpline number.
This scheme gives an attractive interest to the account holders. Sukanya samriddhi account pnb sukanya samriddhi account. Birth certificate of girl child in whose name the account is opened must be. Investors in sukanya samriddhi yojana, a savings scheme for the girl child, launched by pm narendra modi will now no longer get benefit on attaining nri status. Sukanya samriddhi scheme is predominantly launched as a part of beti bachao beti padhao campaign. Conveniently invest in this scheme online through hdfc bank.
Sukanya samriddhi yojana scheme indian overseas bank. Sukanya samriddhi yojana is a small deposit scheme exclusively for girl child under the age of 10 years. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time. Pm sukanya samriddhi yojana 2020 apply online ssy status. Further, ministry of finance department of economic affairs vide their egazette notification dated 12th dec,2019, g. Sukanya samriddhi is one scheme which is easy to understand and implement, ensuring that an individual can open and maintain this account without any hassle.
The income tax deduction is available us 80c for an amount of up to rs 1. Sukanya samriddhi yojana is a govt scheme for the girl child however very few people know that sukanya samriddhi account can be opened in post office as well. Sukanya samriddhi yojana was introduced by the government with an intention to help people save money for securing the future of a girl child. Making a reading of the yojana magazine to prepare for the ias exam adds to the preparation in a substantial manner for the magazine is published every month by the government of india. 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. This website belongs to department of posts, ministry of communications, goi.
Drawbacks of ssa sukanya samriddhi account editor may 12, 2019 uncategorized comments off on drawbacks of ssa sukanya samriddhi account if you are looking for a deposit scheme to secure your girl childs future and do not want to invest in high risk plans, sukanya samriddhi account is certainly for you. Sukanya samriddhi yojana evokes good response the hindu. The opinions expressed in this column are that of the writer. Contributions by girija gadre, arti bhargava and labdhi mehta. Sukanya samriddhi yojana sbi ssy account for girl child. We discus about post office sukanya samriddhi yojana scheme details, how to open an account and tax benefits in this blog.
Sukanya samriddhi yojana account opening, how many account. Pradhan mantri sukanya samriddhi yojana scheme launched by prime minister. If you have a daughter, who is less than 10 years old and has an account opened, called sukanya samriddhi. Birth certificate of the girl child in whose name the account is opened must be submitted. The central governments sukanya samriddhi yojana girl child prosperity scheme launched by prime minister. Sukanya samridhi yojana ssy is a government scheme, which is popular for female child betterment in india.
It also serves to understand why liquidity is more important than higher interest rates. Ssy sukanya samriddhi yojana inhindi sukanya samriddhi yojana 201920. The sukanya samriddhi account is designed to provide a bright future for your girl child. English, hindi, urdu, punjabi, marathi, gujarati, bengali, assamese.