Sukanya Samriddhi Yojana Account – Online Form / Interest Rate Calculator

Published on: 2019-11-23 13:11:26

Sukanya Samriddhi Yojana Account – Online Form / Interest Rate Calculator

Sukanya Samriddhi Yojana (सुकन्या समृद्धि योजना) is an ambitious scheme of Narendra Modi Led NDA Government to reinforce the idea of “Save for every girl child”. As a part of “Beti Bachao Beti Padhao” campaign, Sukanya Samriddhi Account Scheme is a small saving scheme. The scheme can also be considered as a part of the NDA government’s initiative to increase the domestic saving percentage which as dropped by 8% from 38% in 2008 to just 30% in 2013. The scheme will also encourage the parents to save for the girl child and spend on their education and marriage.

Sukanya Samriddhi Yojana Interest Rate 8.4% per annum (w.e.f 1 October 2019) which is calculated on yearly basis and then compounded yearly. People can check sukanya samriddhi yojana chart and calculate their interest earned through sukanya samriddhi yojana calculator. People can Compare All Post Office Schemes 2019 before making investment.

Moreover before making investment, people can also compare SSY to other Post Office Schemes like Public Provident Fund, National Saving Certificate, Kisan Vikas Patra, Post Office Savings Account, Senior Citizen Saving Scheme, Recurring Deposit – RD Account, Time Deposit (TD) Account, Monthly Income Scheme (MIS) – SSY vs PPF vs NSC vs KVP vs vs SCSS vs RD vs MIS vs TD vs Post Office Savings Account. Furthermore for details of all Post Office Savings Scheme, please visit – indiapost.gov.in

Salient Features of Sukanya Samriddhi Yojana Account

How to Open the Sukanya Samriddhi Account?

  1. Parents or the legal guardian can open an account for up to two girl child. In case of the twins or the triples, an exemption will be made on production of a certificate from authorized medical institutions.
  2. The account can be opened by the parents until the girl child attain the age of 10 years.
  3. The account can only be opened on the name of the girl child, the guardian will only be able to deposit the amount on behalf of the girl child.
  4. The account can be opened in Post office across India or the designate bank branches.

Sukanya Samriddhi Yojana Account Online Forms

Here we are providing you the links of SSY Account Online forms which can be downloaded to open Sukanya Samriddhi Yojana Account:-

Visit the link – Sukanya Samriddhi Yojana Forms Download PDF to download the pay-in slip, pass book and all other SSY related forms.

Sukanya Samriddhi Yojana Interest Rate Calculator Chart

Here is the complete chart for calculating interest rate of Sukanya Samriddhi Yojana:-

Calculator Sukanya Samriddhi Yojana Account

Calculator Sukanya Samriddhi Yojana Account

More information about Sukanya Samriddhi Yojana Account

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

Documents Required for Opening an Account?

  1. Birth certificate of the girl child.
  2. Address and photo identity proof (PAN Card, Voter ID, Aadhar Card) of the guardian.

Sukanya Samriddhi Yojana primarily focuses on the girl child and is flagship scheme of the Indian Post Office and of the Modi Govt.

Moreover, this interest earned is better than than the other Post Office Savings Scheme like Public Provident Fund, Kisan Vikas Patra, National Savings Certificate Scheme etc.

Sukanya Samriddhi Yojana Account – Highlights at a Glance

The important features and highlights of Sukanya Samriddhi Accounts are as follows:-

Sukanya Samriddhi Yojana Interest Rate & Calculator Minimum SSY Account Balance & Maintaining Balance
As the sukanya samriddhi yojana chart from 1 October 2019, SSY rate of interest is 8.4% calculated on yearly basis and compounded annually Minimum amount is Rs. 250 and maximum ssy account is Rs. 1.5 lakh per year. Accordingly candidates can make investment in multiples of Rs. 100 in Lump Sump amount or in installments. Moreover, there is no limit on the number of deposits either in month or in FY.
Salient Features & SSY Tax Benefits
  • Any parent or guardian can open this sukanya samriddhi account in the name of girl child.
  • One account is applicable for one girl child and maximum two accounts for 2 girl children of a single family.
  • People can open this SSY account up to 10 years from the Date of Birth of Girl Child.
  • Subscribers must have to deposit Rs. 250 in a financial year otherwise their account is discontinued and also a penalty of Rs. 50.
  • At the age of 18 years of girl, subscribers are allowed to make partial withdrawal. However, full sukanya samriddhi yojana withdrawal is applicable only after 21 years.
  • Furthermore in case the girl is married, premature closure / full ssy withdrawal is permissible.

Regional Offices for more information about Sukanya Samriddhi Account

Regional Centers

Regional Centers

References

SSY Official Website
Sukanya Samriddhi Yojana Rules
SSY Updated Guidelines

More information about the scheme can be obtained from the official website of National Saving Institute at www.nsiindia.gov.in or indiapost.gov.in

Visit us at https://sarkariyojana.com

The content of this document including any images, logos, videos, graphics or some object / property names are the property of their actual copyright/trademark owners. sarkariyojana.com does not claim to own these copyright / trademark properties. Neither sarkariyojana.com is associated with any government organization / agency / authority or individual official in any way.