Sukanya samridhi yojana 2022 malayalam | SSY scheme

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Sukanya samridhi yojana 2022 or SSY account is a central government backed scheme to help parents to save for marriage and higher education if the girl child.

Sukanya samriddhi yojana or ssy application and calculator - https://www.teqmocharts.com/2020/02/s...

Sukanya Samriddhi Account (Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.

The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign. The scheme currently provides an interest rate of 7.6% (for Apr-July 2021 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorised commercial banks.

Maximum age of girl child for starting ssy account is 10 years. Sukanya samridhi account can be opened from post office or banks. Minimum investment in Sukanya samridhi scheme is Rs. 250 per year and maximum is 1.5 lakh per year. High interest rate and tax benefits are attractions of sukanya yojana scheme. Interest rate as per April 2021 is 7.6%. Its revised every quarter. Sukanya yojana scheme have EEE status and tax excemption will be there. Duration of SSY scheme is 21 year or girl's marriage whichever is earlier. There is an option for partial withdrawal after 18 years. Watch video for more details.

Significant Tax Savings in Sukanya samridhi yojana

Your contributions towards the Sukanya Samriddhi Yojana for your daughter's future are eligible for tax deductions under Section 80C of the Income Tax Act 1961. Thus, you can claim tax deductions up to Rs 1.5 lakh invested in the scheme.

How many years need to pay for Sukanya samriddhi Yojana?

The Sukanya Samriddhi Yojana offers an interest rate of 8.5% per annum. The tenure for maturity for the amount is 21 years. It is important to note that it is important for individuals to make minimum one contribution a year to keep the scheme alive till 14 years are completed.

How does Sukanya samriddhi Yojana work?

Sukanya Samriddhi Yojana has a tenure equal to the time the girl child is 21 years of age or upon her marriage after attaining the age of 18 years. However, contributions only need to be made for 15 years. Thereafter the account continues to earn interest until maturity even if no deposits are made into it.

Who is eligible for Sukanya samriddhi Yojana?

Eligibility of Sukanya Samriddhi Yojana

ParticularEligibilityEntry ageFrom birthMaximum entry age10 yearsMinimum limit for deposits per yearINR 1000Maximum limit for deposit per yearINR 1.5 lakh

How many times we can deposit money in Sukanya Yojana?

Subsequent deposits in multiples of ₹ 100 and there are no limits on the number of deposit a member can do in a month of a financial year. Investments made for Sukanya Samriddhi Yojana account and maturity amount are fully exempted from tax under section 80C of the Income Tax Act.

Is Sukanya samriddhi better than PPF?

However, the interest rate on SSY is usually at least 0.5% higher than that of PPF. She wonders if SSY is a better option. Sukanya Samriddhi Yojana is a government-sponsored investment initiative for the girl child up to the age of 10. This scheme comes with a tenure of 21 years.

Can I open 2 Sukanya samriddhi account?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme as part of the 'Beti Bachao, Beti Padhao Yojana' for the benefit of the girl child. A parent or a guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different girl children.


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