Sukanya Samriddhi Yojana - PowerPoint PPT Presentation

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Sukanya Samriddhi Yojana


The Sukanya Samriddhi scheme encourages parents to save and build a fund for their daughters' bright future. If you are the proud parent of a daughter and you want to invest for her future, the Sukanya Samriddhi Yojana can be a good option. – PowerPoint PPT presentation

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Title: Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana
What is the Sukanya Samriddhi Yojana?
  • The Sukanya Samriddhi Yojana is a scheme launched
    by the government . It is a fixed income
    investment through which you can make regular
    deposits and earn interest on it. You can also
    claim tax deductions up to ?1.5 lakh in a
    financial year under Section 80C of the Income
    Tax Act for your contributions towards the
    Sukanya Samriddhi scheme.

Features of the Sukanya Samriddhi Yojana
  • 1 Interest rate The government fixes the
    Sukanya Samriddhi Yojana interest rate interest
    rate every quarter. For the quarter ending March
    2020, the rate of interest is 8.4 per annum,
    compounded annually.
  • 2 Lock-in period The lock-in period of the
    Sukanya Samriddhi Yojana is 21 years

  • 3 Deposits A minimum deposit of ?250 is needed,
    per year, for 15 years. The maximum amount that
    can be invested in a financial year is ?1.5 lakh.
    Deposits can be made in multiples of 100 . You
    can make any number of deposits in a year. But,
    if you fail to make the minimum investment in a
    given year, your account will be discontinued.
    You can reactivate the account though by paying a
    penalty of ?50 and submitting the minimum deposit

  • 4 Transfer of accountsyou can transfer your
    Sukanya Samriddhi account balance to any post
    office or bank branch in the country or from a
    post office to a bank free of cost.
  • 5 Number of accounts Only one account can be
    held for one girl child, and a maximum of two
    accounts can be opened in one family.

Eligibility Criteria
  • 1Only girl children can claim the benefits of
    this scheme.
  • 2 The girl child cannot be more than 10 years of
    age, although a grace period of one year is
    allowed. This means you can open an account for
    your daughter within a year of her turning ten
    years of age.
  • 3 You will have to submit your daughter's age
    proof documents.

Tax Benefits of Sukanya Samriddhi Yojana
  • 1 Your investments towards Sukanya Samriddhi
    Yojana are eligible for tax deductions under
    Section 80C of the Income Tax Act. Deductions of
    up to ?1.5 lakhs are allowed..
  • 2 The interest on your investment is also
    exempted from tax.
  • 3 You do not have to pay any taxes on maturity
    or withdrawal.
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