Sukanya Samriddhi

Yojana Account!!

What is Sukanya Samriddhi Yojana Account?• The Sukanya Samriddhi Yojana (SSY), also known as girl child prosperity scheme is

launched by Prime Minister Narendra Modi. SSY account is to ensure a bright future for girl children in India. This Sukanya Samriddhi Yojana is to facilitate them proper education and care free marriage expenses.  The scheme has been accepted well by the masses in wake of the financial security and independence it would provide to the girl child as well as their parents and guardians.

Is there any Notification from Govt of India?

• Sukanya Samriddhi Yojana has been introduced by Government of India Notification No. G.S.R.863(E) dated December 02, 2014 and circulated to Banks by Reserve Bank of India vide their letter No.RBI/2014-15/494/IDMD(DGBA).CDD/No.4052/15.02.006/2014-15 dated 11th March 2015. Facility to open accounts under the scheme is available at all SBI branches.

•What are the Sukanya Samriddhi Yojana Account Features?

1) Attractive interest rate of 9.2%. Interest rate is regulated by Ministry of Finance from time to time

2) Minimum Rs. 1,000 can be invested in one financial year

3) Maximum investment of Rs. 1,50,000 can be made in one financial year

Features of Sukanya Samriddhi Yojana

4) Deposits in an account can be made till completion of 14 years, from the date of opening of the account

5) The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage

Benefits from Sukanya Samriddhi Account

• Tax Exemption

Investment in Sukanya Samriddhi Yojana is exempted from Income Tax under section 80C. The scheme offers Tax Benefit under Triple regimen ie. Principal, interest and outflow all are tax exempted

Sukanya Samriddhi Yojana Benefits

• Withdrawal Facility

To meet the financial requirements of the account holder for the purpose of higher education and marriage, account holder can avail partial withdrawal facility after attaining 18 years of age

9.2%

Sukanya Samriddhi Account Calculator

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