- 1 What is Sukanya Samriddhi Yojana(सुकन्या समृद्धि योजना क्या हैं )?
- 1.1 Who can able to open the Sukanya Samriddhi Yojana Account & Its Eligibilty?
- 1.2 Sukanya Samriddhi Yojana Interest Rate
- 1.3 What are the Benefits and Drawbacks of SSY?
- 1.4 How to Open Sukanya Samriddhi Scheme Account Online?
- 1.5 Sukanya Yojana Application Form
- 1.6 Required Documents To Open SSY Account at Post Office And Banks
- 1.7 Loan From SSY Account
- 1.8 Authorized Bank List Where You Can Able To Open This Account
- 1.9 Sukanya Samriddhi Yojana Calculation
What is Sukanya Samriddhi Yojana(सुकन्या समृद्धि योजना क्या हैं )?
Sukanya Samriddhi Yojana is a good perspective to promote BBBP Scheme. The reason for this scheme is a decline of Child Sex Ratio. If you open your account your child girl then you do not need to worry about her marriage and education. Sukanya Samriddhi Yojana’s Primer motto to encourage the girl’s education and reduction in CSR.
It is also one kind of support for every family.
The Sukanya Samriddhi Yojana has been launched by the Prime Minister of India Shri. Narendra Modi on 22nd January 2015.
If your child girl died accidently, The benefit goes to her parents and guardians. So the financial security is good.
Who can able to open the Sukanya Samriddhi Yojana Account & Its Eligibilty?
The Parents and Legal Guardian should be able to open the bank account. Those guardians and Parents have arisen a question. How many SSY accounts opened if they have Three or more child girl? Don’t Worry, The government of India gives an alternative for you. You can open two SSY Account in this situation.
Only one account of SSY per Child Girl.
The Maximum age of limit For SSY Account: 10 Years
If it is more than that then, you are not eligible. You can start from ₹ 1,000 and the maximum limit of deposit ₹ 1,50,000 per annum.
Sukanya Samriddhi Yojana Interest Rate
The disclosure of the Government Of India, the interest rate compounded per annum in SSY Account. The interest rate is 8.60% from 1st April 2016. In 2015, the interest rate was 9.10%.
You have no need to pay any tax for this account as per the notification of Government Of India under section 80C IT Act, 1961.
What are the Benefits and Drawbacks of SSY?
1) Benefits Of SSY
8.6% is the interest per annum for this account which is the best.
The investment is tax-free from SSA account.
You can withdrawal of money at the age of 18 in the case of marriage and Higher education.
In the case of any accident, The invested money is given to the Parent and the guardian.
There is no more documents are required. You need to show just.
You can deposit by Chaque / Demand Draft/ Transfer / Online transfer with net banking.
This account should be opened in any post office and any bank.
If your girl matured means she is at the age of 21 then, The Fund directly given in her hands.
You are able to withdrawal 50% of the amount, If Child girl is at the age of 18.
You need to deposit up to 14 years from the opening date of the account. Then after, you can earn the interest rate up to Last 7 Years till your girls get mature. There is no need to pay any fund during this time.
In the case of irregular payment, You can revive the Sukanya Samriddhi Yojana account. You need to pay ₹ 50 Penalty with minimum amount you have paid before.
2) Drawbacks Of SSY
This scheme has a Long Period.
It is a disadvantage for those parents who have three or more girls because it is for two child girls.
Interest Rate notified by the government each financial year.
How to Open Sukanya Samriddhi Scheme Account Online?
You can able to open the Sukanya Samriddhi Yojana Account. Visit the nearest Post office and bank branch.
People can not authorize to apply online in bank or post office for this SSY account. It is permissible for the authorized employees who already worked in the post offices and banks.
Sukanya Yojana Application Form
If you want to download the form to apply for SSA account. You can download from the below link.
Sukanya Samriddhi Yojana Form: Click here To Download
Required Documents To Open SSY Account at Post Office And Banks
The Sukanya Samriddhi Form.
The birth certificate of child Girl is considered to be the main identification proof.
Identity Proof of Parents Or Guardians.
Address Proof of Parents Or Guardians who wants to open the SSY scheme account.
Loan From SSY Account
You can not take a loan on SSY Account.
Authorized Bank List Where You Can Able To Open This Account
The Reserve Bank Of India Granted permission to open SSY Accounts. The List is given below
|1||State Bank of India (SBP)|
|3||United Bank of India|
|4||Union Bank of India|
|6||Punjab & Sind Bank (PSB)|
|8||Oriental Bank of Commerce (OBC)|
|9||Indian Overseas Bank (IOB)|
|14||Bank of Maharashtra (BOM)|
|18||Central Bank of India (CBI)|
|19||Bank of India (BOI)|
|20||Bank of Baroda (BOB)|
|23||State Bank Of Patiala (SBP)|
Sukanya Samriddhi Yojana Calculation
14 years × 12 Months × Rs 1000( You can set here how much amount you deposit)=1,68,000+Interest(Compounded Yearly)= The Amount Of Deposit
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