Sukanya Samrudhi Yojana full detail
Sukanya Samrudhi Yojana, The scheme is to secure the future of the daughters at an interest rate of 8.5 to 9 per cent.
It can only be opened for 10 year old girls and it can be run for 21 years or until the girl gets married.....
• The plan has a lock-in period of at least 8 years and 50% of the amount can be recovered when the bride turns 18 years old.
• In this scheme a minimum of Rs.1000 and a maximum of Rs. 1,50,000 can be deposited.
ર The amount deposited in Sukanya Samrudhi Yojana is exempted under Section 80C of the Income Tax Act and there is no tax on interest or maturity amount.
Sukanya Samrudhi Account Scheme
@intrest rate will change term and condition of this scheme
This is part of the Prime Minister's Beti Bachao, Beti Padao campaign and a special savings scheme for girls aimed at higher education and marriage of Indian daughters. Apart from this, the daughters will not be a financial burden for the family. Under this scheme, rupee will be deposited in Sukanya Samrudhi account for the stipulated time and the amount is returned with interest on maturity.
The best thing about this scheme is that small savings can be deposited in it and its account can be opened in the nearest bank or post office. Under this scheme, parents or legal guardians can open an account in the name of the daughter. This account can be opened only in the daughter's name. Is. The Post Office and Commercial Bank have been authorized by the government to open Sukenya Samrudhi account.
Sukanya Samrudhi Account and Rules
1. Parents can open an account in the name of 2 daughters, if the daughters are twins or three, they have to show a certificate from the hospital and then they will be included in the scheme.
. Age limit -
This account can be opened at the age of 10 and after the age of 10 the girl herself will be responsible for her account. Only one account can be opened in the name of a daughter. The depositor (guardian) will be a person who will deposit money on behalf of a little girl.
. An account cannot be opened for a child above 10 years of age under this scheme.
intrest rate is lumsum
. Sukanya Samrudhi Yojana has been launched all over India and hence this account for any parent
In this case, the account holder can operate the account in any part of India but the account holder or his parents / guardians have to show proof of transfer. Failure to do so will result in a penalty of Rs.100 / - for account transfer .
1000 is set to open an account. It is mandatory to deposit at least Rs.1000 per year. If this amount is not deposited within a year then a penalty of ₹50 will be levied.
. The account holder can withdraw 50% of the pre-adult amount for their marriage or higher education at the age of 18.
. In this case, the account will be closed when the depositor is not able to deposit the amount in the account.
. In this case, the account will be closed when the depositor is not able to deposit the amount in the account.
. Lock in Period - Sukanya Samiti can deposit money up to 15 years from the date of account opening. No deposit is required until the account matures. This account will run until the marriage of 21 years or daughter.
. If you transfer money from the post office to the post office, it will be free. But if you transfer from post office to bank or then, you will have to spend Rs 100 which is to be done only once in a year.
10. If an accident occurs and the daughter dies, the amount deposited will be returned to her parents with inter. Documents required to open an account1. Birth certificate of a daughter issued by a hospital or government official. . Proof of residence of the daughter's parents or legal guardian such as passport, driver's license, electricity or telephone bill, voter's identity card, ration card or any other certificate issued by the Government of India which mentions residence. . A PAN card or high school certificate is also valid for opening an account. The account holder can transfer his account anywhere in India in future. Authorized bank under this scheme STATE BANK OF INDIA VIJAYA BANK ORIENTAL BANK OF COMMERCE PUNJAB AND SINDH BANK UNION BANK OF INDIA UCO BANK UNITED BANK OF INDIA PUNJAB NATIONAL BANK INDIAN OVERSEAS BANK INDIAN BANK IDBI BANK ICICI BANK CANERA BANK CENTRAL BANK OF INDIA DENA BANK CORPORATION BANK ALLAHBAD BANK ANDHRA BANK BANK OF INDIA BANK OF BARODA AXIS BANK SYNDICATE BANK Method of deposit1. Cash 3. Demand draft to carry the check . Net Banking . Passbook 1. Upon opening the account, the account holder gets a pass book from the bank, in which his date of birth, account number, name, address, date of account opening, deposit etc. are written. . At the time of depositing rupee, the passbook will have to be deposited at the post office or bank. In addition, at the time of taking interest or at maturity, you have to submit the passbook. . If you want to create a duplicate passbook, you will be charged 50 information source :1  Interest rateSSY ensures a bright future for the daughters of India. The interest rate in this scheme is kept very high so that the interest of the people remains. Interest rates are not fixed. It will also change over time. Initially, the interest rate was 9.1 per cent, but in March 2015, it was raised to 9.2 per cent for the financial year 2015-16. In the financial year 2016-17, the interest rate was fixed at 8.6 per cent. The interest rate is calculated on the 10th of every month. information source :2  Tax benefitsfor online application through sbi::  report 1 vtv news report:: report 2 daily hunt news report:: The biggest advantage of the Sukanya Samrudhi Account Scheme is that it is tax exempt. Submit to Sukanya Samrudhi Yojana Sukanya Samrudhi Account Scheme |
Sukanya Samrudhi Yojana is currently paying interest at the rate of 7.6% per annum
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The HDFC Children's Gift Fund has returned more than 10% in the last 10 years
Mutual funds are being considered as a good investment option in our country. Many funds have given good returns in the last few years. In such a situation many people are confused as to whether to invest from Sukanya Samrudhi Yojana or mutual fund for their own daughter. Today we are going to tell you about both these schemes so that you can choose the right option according to you.
Sukanya Samrudhi Yojana
Under Sukanya Samrudhi Yojana, an account can be opened after the birth of a child at the age of 10 years. This scheme can be opened anywhere in a bank or post office. Sukanya Samrudhi Yojana is currently offering interest at the rate of 7.6% per annum.
An account can be opened for Rs.250
An account can be opened for Rs 250. Under Sukanya Samrudhi Yojana, an account can be opened only after the birth of a child at the age of 10 years. The account will mature after the daughter turns 21 or the girl gets married and you will get full payment with interest.
The account can also be closed after 5 years
The account can also be closed up to 5 years after opening. It is allowed to close if a serious illness occurs or if the account is being closed for any other reason. But the interest on it will be paid according to the savings account.
Half the money can be withdrawn when the daughter turns 18
Up to 50% of the cost for higher education of a child after the age of 18 can be withdrawn in the account of Sukanya Samrudhi Yojana. To open an account it is necessary to give birth certificate of daughter. Proof of identity and address of the child and parents must be provided. This account can be transferred anywhere in the country. This facility is available to the account holder if he / she shifts from the original place of account opening to another place. There is no charge for this. If the account is being closed before the completion of 21 years, the account holder has to give an affidavit that the daughter is not less than 18 years of age at the time of closing the account.
Benefit from tax exemption
A maximum of Rs 1.5 lakh can be deposited under Sukanya Samrudhi Yojana in the current financial year. The benefit of tax exemption under Section 80C of the Income Tax Act can also be availed on deposits under Sukanya Samrudhi Yojana.
Mutual funds
Mutual funds can give higher returns
Sukanya Samrudhi Yojana may have a tax benefit but you get a fixed interest in it, in which you cannot earn more than that. Considering the problem of rising inflation over time, investing in an equity mutual fund may prove to be good for the future of children. Equity Mutual Funds can choose any option as required from Index Fund, Large Cap Fund, and Mid Cap Fund. An investment plan in an equity fund can be selected according to the risk profile. According to experts, investing in an equity mutual fund is the best option for an investment of 10 years or more.
Method of deposit
Child Mutual Fund option is available
Child mutual funds are also good for the future of children. However, long term investment is better for him. Returns from child mutual funds are also capable of countering the problem of inflation. However, it is not possible to invest only in the name of the child in the fund with which theñ
more information here from official site
all form dOwNlod here
- Yojana.
Top Children's Plan Returns
HDFC Children's Gift Fund
Value of 10 thousand monthly SIP in 10 years: Rs
Expense ratio: 2.06% (November 5, 2020)
Minimum investment: Rs
Minimum SIP: Rs.500
ICICI Prudential Child Care Fund
Monthly SIP of 10 thousand has a value of Rs. 18.23 lakhs in 10 years
Expense ratio: 2.52% (November 5, 2020)
Minimum investment: Rs
Minimum SIP: Rs.500
UTI Children's Career Fund Investment Plan
Value of 10 thousand monthly SIP in 10 years: Rs
Expense ratio: 2.76% (November 5, 2020)
Minimum investment: Rs
Minimum SIP: Rs.500
Source: Value Research and groww.in.
Where to invest in Sukanya Yojana or Mutual Fund?
ગુજરાતીમાં માહિતી માટે અહી ક્લિક કરો
Both schemes have their own merits and demerits. If you can take a little risk then investing in a mutual fund will be right for you. Also, if you want to invest in a place where your money is safe and you get a good return without taking any risk, then Sukanya Yojana will be good for you. In addition, if you want to invest to save income tax, you can invest in Sukanya Yojana. It has the benefit of tax exemption
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