Sukanya Samriddhi Scheme News
Sukanya Samriddhi Account can be opened in the name of a girl child till she attains the age of 10 years.
Sukanya Samriddhi Account can be opened in the name of a girl child till she attains the age of 10 years.
If a depositor has already opened an account and has not submitted his Aadhaar number to the Accounts office, it is necessary to do within a period of six months starting from April 1, 2023.
It is expected that the government will hike interest rates for seven types small savings schemes. Check the list.
The SSY interest rate for Q2FY23 is 7.6%, which is still significantly higher than the inflation rate on average.
After 21 years of lock-in, a person will be able to accumulate roughly Rs 64 lakh for their girl child if they invest Rs 12,500 per month.
Despite rising repo rate, bank fixed deposit interest rates remained lower than post office plans in 2022.
FD interest rates offered by top banks such as SBI, ICICI, HDFC, Axis Bank, PNB, BoB, and others are significantly lower than interest rates on post office schemes.
CHeck interest rates on small savings schemes.
NSC, PPF, Senior Citizen, Sukanya Samriddhi interest rates unchanged.
Here are the rates for third quarter of 2021-22.
Account holders of PPF, Sukanya Samriddhi Yojna, NSC, and others small savings can use the IVR toll-free number 18002666868 to know about important information.
Investment and tax saving plans are similar.
The earlier you begin, the more you benefit.
Check out these 5 tax saving plans.
If you transfer funds to an IPPB account, you can directly pay the premiums for any of the nine schemes offered by the Post Office.
Some of the most popular schemes offered by the Post Office are Recurring Deposit, PPF, and Sukanya Samriddhi Scheme.
Investors can also get income tax benefits under Section 80 C of the Income Tax Act.
CHeck interest rates on small savings schemes.
NSC, PPF, Senior Citizen, Sukanya Samriddhi interest rates unchanged.
Here are the rates for third quarter of 2021-22.
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively.
Parents generally opt for this scheme as it provides huge returns and is much higher than the other schemes in the market.
This scheme allows citizens to open accounts for their daughter whose age is less than 10 years on the day of opening the account.
After the girl child turns 18, she will become the owner of the account and the investment period for this scheme is 15 years and the maturity period is 21 years.
Launched by the government of India, Sukanya Samriddhi Yojana is part of the “Beti Bachao, Beti Padhao Yojana” which is meant for the welfare of the girl child.
If someone invests in the Sukanya Samriddhi scheme at the Post office, he/she will get a rate of interest of 7.6 percent per annum calculated on yearly basis.
The parents of the girl child aged below 10 years will be able to open a Sukanya Samriddhi Yojana account at the Post Office and only one account can be opened for a girl child.
The investments can be done with as little as Rs 250 and with multiples of Rs 150 and an annual cap of Rs 1,50,000 in a financial year.
The Senior Citizens Savings Scheme (SCSS) provides security to retired employees who want an assured return.
The PPF account can be opened with a minimum amount of Rs 500 and the maximum can go up to Rs 1.5 lakh with a maturity period of 15 years.
Govt withdraws cut in interest on small savings.
Interest rates of small savings schemes to continue.
Rates @ that existed in the last quarter of 2020-2021.
A/c can be opened in the name of a girl child.
Eligibility till she attains the age of 10 years.
Only one account can be opened in the name of a girl child.
EARLY BIRD CATCHES THE WORM.
Investment and tax saving plans are similar.
The earlier you begin, the more you benefit.
Small Savings Schemes include Post Office Savings Account, National Savings Monthly Income (Account), National Savings Recurring Deposit, PPF and Sukanya Samriddhi Account.
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