Editor June 12, 2020 Blog Comments Off on Sukanya Samriddhi Account Yojana in Post Office. His/her signature would be verified in front of the post office official. 1.5 lakhs … The interest rate is fixed, as well as reviewed by the government in every quarter. A wide range of benefits is offered under the Sukanya Samriddhi Yojana. After the account is activated, you can deposit any amount in multiple of Rs 100 and there is no maximum limit to the number of times you can deposit. How To Check LIC Policy Status? Q.2 Can You take a loan against the balance of Sukanya Samriddhi Account? Date of birth of the girl child or the primary account holder. While the SSA or SSY would be opened in the name of the girl child, she is not required to be present at the time of opening the account. For more information, Check out related articles Sukanya Samriddhi Yojana Calculator, Sukanya Samriddhi Yojana Age Limit, Sukanya Samriddhi Yojana Post Office & SBI Sukanya Samriddhi Account With the idea of helping the girl child, Sukanya Samriddhi was launched by the Indian Government which has a current interest rate of 7.6% (effective from April 2020). Minimum balance in respect of different types of Small Savings Accounts is given below. As per Sukanya Samriddhi Scheme, the initial deposit required for opening of SSA is a minimum of Rs 1,000. However, the legal guardian or the parent definitely is required to be there while opening the account. 3 Portfolio Saving Decisions To Take Before Its Too LateInsights, The top 8 AMCs have these 4 big caps in their portfolio. If a girl child is born before the birth of triplets or twins girls, then the third account can be opened. 1.5 lakhs in a financial year. The following are the critical content features of the Sukanya Samriddhi Yojana Form: Once the above vital components are filled, the form has to be signed and submitted with the account opening authority like the post office or the concerned bank, along with the copies of the required documents. ‘Vi’ – Vodafone-Idea Rebranding’s Reasons and Benefits! After attaining the age of 18 years, the girl child can avail the benefit of partial withdrawal of not more than 50% of the total balance. The minimum annual contribution to the Sukanya Samriddhi account is Rs.250, and the maximum is Rs. You can put in more money if you want. Name of the girl child or the primary account holder. To open an SSA or SSY for your girl child, you would need three basic documents listed below: The good thing is that you don’t need to get in touch with any agent to open an SSA in post office. The account will be closed if you gain an NRI citizenship. SSY Account Other Features. One cannot open multiple accounts in the name of the single girl child. However, the parents have to invest only for 15 years. Amount to be invested. If the participating bank is maintaining your account, then one can quickly check the balance through mobile or internet banking. If the account has been opened under the India Post Office, one cannot check it online. Amount to be invested . EEE means exempt, exempt, and exempt. Post Office Savings Account: INR. The Sukanya Samriddhi Yojana is designated as EEE from the tax perspective view. Sukanya Samriddhi Account Yojana has brought in a lot of relief to the Indian parents and guardians as it promises a viably secure future for the girl child at the time of her higher education and marriage and she would no more considered a financial burden on the family. • IPPB provides you online payment facility to your Sukanya Samriddhi Account • IPPB notifies you for successful payment transfer made through IPPB mobile application. You May Also Like: LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana. By: Priyadarshini Maji | August 19, 2020 4:39 PM. learn more. That means, you can even keep depositing few hundred rupee every day, and there would be no fee for this. Public Provident Fund . – LIC Registration Process, Places To Sell Gold For A Good Cash Price In Indian Cities. Q.4 What is the penalty amount if you miss paying the minimum amount of Sukanya Samriddhi Yojana? We use cookies to ensure that we give you the best experience on our website. You can visit the nearby post office or respective branches of participating in private or public sector banks. What is the minimum balance required for an account? You can put in more money if you want. Present and permanent address as per the ID submitted. The account can be opened by a natural or legal guardian on behalf of a girl child, under the age of 10 years. Sukanya Samriddhi Account Yojana in Post Office, on Sukanya Samriddhi Account Yojana in Post Office, Sukanya Samriddhi Account Yojana in Post Office (SSA or SSY), List of documents required to open Sukanya Samriddhi Account in post Office, Proof of residence of the parents or the legal guardian, Proof of identity of the parents or the legal guardian. After the account is activated, you can deposit any amount in multiple of Rs 100 and there is no maximum limit to the number of times you can deposit. You have to pay a penalty amount of Rs.50 if the minimum amount of Rs.250 isn’t deposited in the account during a financial year. The current interest rate for Sukanya Samriddhi Yojana that is April to June 2020 is 7.6%. The amount in the Sukanya Samriddhi Yojana can be freely transferred from any part of the country (bank or post). It can be opened by the guardians or parents of a girl child below the age of 10. Answered October 12, 2019 If You Transfer Money Online To Sukanya Samriddhi Yojana Account And You Have India Post App, Then You Can Easily Check The Balance Of Sukanya Samriddhi Account. You can get an SSA opened in any of the listed nationalized banks and even in any branch of post offices. - InvestPolicy.com, Sukanya Samriddhi Yojana (SSY Account) – Post Office Saving Scheme, Click to share on WhatsApp (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), How To Register on LIC Portal? Every year one has to invest the least minimum amount up to 15 years from the date of account opening. – Step By Step Process. Follow These Steps—- 1. 1000/-Time Deposit Account: INR. Last but not the least; do make sure that you collect the passbook of the account after it has been activated. Deductions Allowed to NRIs – Yadnya Investment Academy, While shaping COVID-19 new market leaders, Prabhudas Lilladhar is betting on these 18 stocks in the model portfolio, 20 Profitable Healthcare Business Ideas in India, 5 Factors That Determine Your Health Insurance Premium. Here is how you can open sukanya Samriddhi Account Yojana in Post office. Setha Ram Gehlot on Sukanya Samriddhi Yojana Calculator, Toll-Free Number & List of Post Offices in Mumbai to Open an Account; Kenrin joel on L&T Finance 9.35% NCDs – March 2019 Issue; Madhu Mittal on Introduction to HUFs; Deepak Dubey on Sukanya Samriddhi Yojana Calculator, Toll-Free Number & List of Post Offices in Mumbai to Open an Account One has to visit the nearest post office branch and get the passbook updated. 100/-Monthly Income Scheme INR. How To Check LIC Policy Status? If a girl child is born after the birth of triplets or twins, the account cannot be opened. The Sukanya Samriddhi Yojana form requires essential details of the girl child in whose name the investment is likely to be made under the Beti Bachao, Beti Padhao Yojana.

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