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. It is part of beti bachao beti padhao initiative of government of india goi also known as bbb. This scheme is especially for girls of 10 years or younger. Narendra modi ji launched sukanya samriddhi account a small savings scheme on 22nd january 2015. 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. Financial inclusion a study on sukanya samriddhi yojana.
Sukanya samriddhi account has merged with union bank sukanya samriddhi account. Faqs sukanya samriddhi yojana has been introduced vide government of india notification no. Union bank of india sukanya samriddhi account union bank of india sukanya samriddhi account union bank of india is currently the largest operating financial institution located in the country. Finance minister arun jaitley had announced this scheme in his budget speech in july. Birth certificate of the girl child in whose name the account is opened must be submitted.
Sukanya samruddhi yojana account scheme details icici bank. Sukanya samriddhi yojana is a small savings scheme of the government of india meant exclusively for a girl child. The form will be available at the existing post officebank where. Sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. The rate of interest offered by the scheme for the first quarter of fy 20192020 is 8. The candidates can find the respective details of the sukanya samriddhi yojna on this page. The account opening form to be used and the specimen of pass book is provided in. 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. 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. Documents that are required to open a sukanya samriddhi yojana account. I agree to abide by the provisions of the sukanya samriddhi yojana scheme and amendments issued thereto from time to time. The sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. Bank means any branch of a public sector or private sector commercial bank authorized by the. Sukanya samriddhi scheme or sukanya samriddhi yojana ssy was notified in december 2014.
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. Ministry of finance department of economic affairs notification new delhi, the 2nd december, 2014 g. Sukanya samriddhi yojana ssy is a savings scheme launched back in 2015 as part of the government initiative beti bachao, beti padhao campaign. Apr 19, 2016 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. Here is a pdf of online sukanya samriddhi application form which can be downloaded, filled and submitted to open the account.
Only one account can be opened in the name of a girl child. Sukanya samriddhi yojana list of banks, application form in pdf. An account shall be opened for a maximum of two girl children in one family with an exception of triplet, as per rules. On 23 july 2018, the criteria for the minimum annual deposit for the sukanya samriddhi yojana account had been revised to rs. Users can find detailed information pertaining to this scheme for girl child.
In these rules, unless the context otherwise require, a account means an account opened by a depositor in accordance with the provisions of these rules. Recently we provide complete details for sukanya samridhi yojana and details for sukanya samriddhi yojana in hindi. The maturity period of this scheme is 21 years from the date of. The female feticide and inappropriate sex ratio are two big issues that government agencies have been trying to address since decades. The sukanya samriddhi yojana is as girl child prosperity scheme under beti bachao beti padhao program of prime minister. Sukanya samriddhi yojana vs lics limited premium endowment plan. Standing instructions can be given either at the branch or set through internet banking for automatic credit to sukanya samriddhi account. Also the interest rate for the julyseptember quarter is 8. Interest rate on sukanya samriddhi account of corporation bank. 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 samriddhi yojana vs lics limited premium endowment plan july 31, 2015 lics new children plan 2015jeevan tarun table no.
Account can be opened in the name of a girl child till she attains the age of 10 years. Act means the government savings banks act, 1873 5 of 1873. Sukanya samriddhi account saving scheme for girl child. Interest rate for small saving schemes unlikely to be increased in april. Apr 25, 2020 sukanya samriddhi yojana list of banks, application form, pass book details. Download sukanya samriddhi account calculator in excel.
Meanwhile, the public provident fund is a scheme that allows investors to earn taxfree interest. Sukanya samriddhi yojna is a small deposit scheme for girl child, launched as a part of the beti bachao beti padhao campaign. The scheme currently provides an interest rate of 9. In fact, if your or your childs residential status changes to nonresident or she takes up another countrys citizenship during the term of the scheme, no interest shall be paid from the date of citizenship or residential status changes and the account shall. Sukanya samriddhi yojana open sukanya samriddhi account. Sukanya samriddhi yojana calculator ssy calculator online. 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. 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. Sukanya samriddhi yojana account comprehensive guide. Its simple submit your ssy transfer request to existing bankpo, fill up a new. Sukanya samriddhi yojana sukanya samriddhi scheme comes from ministry of finance under its notification gsr 863e. Sukanya samridhi yojana new small saving schemes youtube. 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. Download sukanya samriddhi account calculator for calculating the maturity amount of investment at 9.
Wish to transfer your childs sukanya samriddhi yojana account to icici bank. On 23 july 2018, the criteria for minimum annual deposit for the sukanya samriddhi yojana account has been revised to rs. 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. Know the new rules of the sukanya scheme the economic times.
The sukanya samriddhi yojana account is a government scheme that enables parents to build funds for their daughters future. You can get information related to opening of account, operation of account, account closure, withdrawal, etc. 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. Transfer existing sukanya samriddhi yojana account to icici bank. Jul 31, 2015 sukanya samriddhi yojana vs lics limited premium endowment plan july 31, 2015 lics new children plan 2015jeevan tarun table no. It was introduced by the ministry of finance and launched by the honble prime minister of india, shri narendra modi, on 22nd january 2015, as a part of the beti bachao beti padhao campaign. The scheme revolves around the objective of welfare of women and the girl child in india. Sukanya samriddhi yojana list of banks, application form, pass book details. Sukanya samriddhi yojana is a governmentbacked savings scheme as part of the beti bachao, beti padhao yojana for the benefit of the girl child. Account can be opened in post offices and notified branches of commercial banks.
Sukanya samriddhi yojana was introduced by the government with an intention to help people save money for securing the future of a girl child. Minimum investment limits lowered in sukanya samriddhi yojana. Sukanya samriddhi accountyojana is a small savings special deposit scheme for girl child. Generally, all banks that provide the facility to open a public provident fund account offer one for sukanya samriddhi yojana ssy too. Effective 1 april 2020, syndicate bank sukanya samriddhi account has merged with canara bank sukanya samriddhi account. The scheme is part of the beti bachao, beti padhao scheme the scheme offers attractive guaranteed interest rates. Pdf determinants of savings in sukanya samriddhi account. Here we are providing list of authorised banks to open an account, application form, pass book details etc. Account means the sukanya samriddhi account opened in accordance with the provisions of these rules. Minimum annual deposit of sukanya samriddhi account slashed. It is basically an investment scheme with tax benefits for the parents. These rules may be called the sukanya samriddhi account rules, 2016. Sukanya samriddhi account, abbreviated as ssa, is a savings scheme that is especially designed for the welfare of the girl child, as evident from the name. Its not just other scheme to provide social benefits but a good long term debt investment.
The launch of sukanya samriddhi yoajna account was part of the beti bachao beti pada campaign launched by the government. Parents can open up to two such accounts for girls they cannot open a thirdfourth account etc, if they have more than two. We discus about post office sukanya samriddhi yojana scheme details, how to open an account and tax benefits in this blog. What are the disadvantages of sukanya samriddhi yojana. It is designed in a way to support her higher education andor marriage.
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. Sukanya samriddhi yojana was launched by the central government in january 2015. Sukanya samriddhi account form filling format fill online. The gazette on this scheme was released on 2 nd december, 2014. The minimum amount required to open the sukanya samriddhi yojana, a government backed scheme targeted towards a girl child and her financial needs, has been reduced. Pdf the financial inclusion models that have been implemented successfully in various parts of india have not gained momentum in north. How to transfer sukanya samriddhi yojana account transfer ssy. 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. Sukanya samriddhi yojana ssy is a government backed savings scheme, launched exclusively for the benefit 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. Before jumping into which is better between ppf and sukanya samriddhi yojana, first understand the features of both the products. Sukanya samriddhi yojana ssy a small deposit scheme which has been started by the indian government under the beti bachao initiative. Ssy account is to ensure a bright future for girl children in india. It is a small savings special deposit scheme for the girl child.
Ssy account is to ensure a bright f slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 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. Sukanya samriddhi yojana is a good scheme for daughters in terms of higher education, marriage and saving for a bright future. The main document required to open the account under sukanya samriddhi yojna is the birth certificate of the girl. I just opened a sukanya samriddhi yojana account for my daughter. But i also thought that it would be helpful for her to make a decision, if i at least explained to her the basics, she would know the best investment options and accordingly make her choice. It can be opened by the parents of a girl child below the age of 10. It is a small savings scheme which provides interest and also has some rules, benefits and short comes. I hereby undertake to abide by the provisions rules of the isukanya samriddhi account and amendments issued thereto from time to time.
Sukanya samriddhi yojana account is a girl child prosperity scheme which is a small deposit savings scheme for girl child. It is a good debt investment, offering secured investment with 8. Application for opening an account under sukanya samriddhi account please fill all the details in capital letters only. About ppf or public provident fund public provident fund ppf is the scheme. This notification was published on 2nd december 2014 but was launched on 22nd january 2015. Once the module for sukanya samriddhi yojana is developed in finacle, the designated branches.
Apr 10, 2018 sukanya samriddhi yojana is a scheme initiated by the government of india, which literally means girl child prosperity scheme. The public provident fund ppf scheme and the sukanya samriddhi yojana scheme are both backed by the government of india. The customer needs to fill out a sukanya samriddhi yojana transfer request. Customer needs to submit ssy transfer request at existing bank post office mentioning address of icici bank branch. We have the designated icici bank branch list ready for you, visit us at your nearest branch to open the sukanya samruddhi yojana account and secure your childs future. There are two option of investment under sukanya samriddhi account i. Jul 30, 2017 sukanya samriddhi yojana in hindi 2020. The girl child prosperity scheme, popularly known as sukanya samriddhi yojana was launched by prime minister of india in january 2015 with a clear aim of. The scheme is meant to meet the education and marriage expenses of a girl child. The prime aim of the scheme is to encourage parents of a girl child in. Parents can open up to two such accounts for girls they cannot open a thirdfourth account, etc.
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 eligibilty benifits and pdf form. Sukanya samriddhi yojana open sukanya samriddhi account online. Feb 27, 2016 the sukanya samriddhi yojana ssy, also known as girl child prosperity scheme is launched by prime minister narendra modi. Birth certificate of the girl child in whose name the account is opened must be obtained.
Ssy sukanya samriddhi yojana inhindi sukanya samriddhi yojana 201920. Launched as a part of beti bachao beti padhao campaign, sukanya samriddhi yojana is a small savings scheme by the government of india. Account holder means a person in whose name the account is held. 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. Oct 23, 2018 the candidates can find the respective details of the sukanya samriddhi yojna on this page. Sukanya samriddhi account pnb sukanya samriddhi account. I made 1 table which shows the returns of her monthly sip and the returns of the sukanya samriddhi yojana after 10 years. This scheme is specially designed for girls higher education or marriage needs. Today we are providing the list of documents required for sukhanya samriddhi account yojana. A sukanya samriddhi yojana account can be opened in any authorised post office branch or authorised branches of commercial banks. Sukanya samriddhi scheme is predominantly launched as a part of beti bachao beti padhao campaign. The fate of girl child is certainly an issue that catches everyones attention in india. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. Documents required for sukanya samriddhi account yojana.
Sukanya samriddhi account account can be opened in the name of a girl child till she attains the age of 10 years. Sukanya samriddhi yojana list of banks, application form. The government sweetened the deal by making sukanya samriddhi account part of exemptexemptexempt eee tax regime. According to pti, the sukanya samriddhi account can now be opened with a minimum deposit of rs 250 which was rs 1,000 earlier. Just all details of the sukanya samriddhi scheme are given here. I hereby declare that i have not opened or maintaining any other account under the same scheme in the. Sukanya samriddhi account is another welcome step from govt 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. Sukanya samriddhi yojana account faqs icici bank answers. Sukanya samriddhi is small deposit scheme for the girl child. Sukanya samriddhi account can be opened only if the age of girl is 10 years or less.
Sukanya samriddhi yojana account has started with a vision to provide better girl child education and for her marriage expenses. Though i am heavily invested in equities, i feel this is a good scheme on the fixed securities portfolio. Aug 05, 2019 sukanya samriddhi account yojana is recently launched by prime minister narendra modi. In what would be regarded as quite a disappointment for lakhs of subscribers to saving schemes such as the national pension scheme, sukanya samriddhi yojana, public provident fund and so on, a government official has said that the interest rate for such schemes is unlikely. May 16, 2016 nonresident indians can no longer open a sukanya samriddhi yojana ssy account. Pay bills and invoices from any bank account or any card. Benefits of sukanya samriddhi yojana 89% of assured return.
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