Sukanya Samriddhi Accounts scheme provided by many Reserve Bank of India (RBI) authorized banks and offers a lot of benefits. and the interest rate is regulated by the Ministry of Finance from time to time. Can I withdrawal amount in this scheme before maturity? From a poor to a middle-class man Sukanya Samriddhi Account scheme is for every class and section of the society. This scheme is based basically on ‘ Beti Bachao , Beti Padhao ‘ movement. This calculator will show you the amount you have to invest for that maturity value. This calculator also includes that interest amount. It offers attractive interest rates of around 8.5% annually. Sukanya Samriddhi Yojana (SSY) is a savings scheme launched back in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. How to Send and Receive Money via WhatsApp? Sukanya Samriddhi Yojna is an initiative of Indian Government especially designed for the parents of the girl child. After opening the account you will get a passbook to track the amount in the account. No, only one account for one girl child. This account was specially designed to accommodate these requirements for the girl child. That means you will earn interest at the end of the year on (The amount you deposited in the year) + (Previously deposited amount, if any + (Previously earned interest, if any). 100 will be charged by the post office or the bank the account is transferred. Partial withdrawal, maximum up to 50% of the balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years. All Rights Reserved. Q. Investments made in the Sukanya Samriddhi Scheme are eligible for deduction under Section 80C subject to a maximum cap of Rs 1.5 lakhs. The interest rate is calculated yearly on the yearly compounded basis. Sukanya Smariddhi Yojana Account has a minimum deposit amount of Rs.250/- and a maximum cap of Rs.1,50,000/-. Mukhyamantri Parivar Samridhi Yojana in Haryana (MPSY) 2019-20 – Beneficiary List, Application Form, Eligibility, Amount. If the parents have twins or triplets then multiple account options are allowed. Q. Sukanya samriddhi account can be opened in any of the authorized bank or Government … This scheme provides a better interest rate of 8.1%. To calculate the maturity amount enter the approximate value that you want to receive at the time of maturity. In this scheme, Modi Sarkar brought down the minimum deposit amount from Rs 1000 to Rs 250. The beneficiary will be added and takes from 30 min to 16 hours. Sukanya Smariddhi Yojana Account has a minimum deposit amount of Rs.250/- and a maximum cap of Rs.1,50,000/-. 2,74,541/. Your email address will not be published. Step 2- Submit the transfer request by mentioning the transfer request with the full address of the bank along with the account passbook. Calculate from here online. To open the Sukanya samriddhi account one must satisfy all the conditions given below ; After satisfying all above criteria, the parents are eligible to open account in the name of their child. download Sukanya Samriddhi Yojana excel calculator, How to Submit LIC Policy Maturity Claim Online. Now, Navigate to the transfer fund link from the e-service tab, Select the transaction type –NEFT, RTGS or IMPS, Select the Frequency of the payment along with the Payment schedule, Enter the number of payment and date and Click submit. Followings are year-wise declared interest rates till now: The opening form can be downloaded from the official  RBI website or can be collected from the post office/bank. Sukanya Samriddhi Account scheme is for every citizen of India who is proud parents of a daughter. 10,000/ is made on time with a fixed amount of money every year. A minimum amount of Rs. Is premature closure allowed in this scheme? Sukanya samriddhi yojana calculator helps to calculate the amount that you receive as per your invested amount and tenure. The depositor have to deposit every year till the completion of 15 years from the date of opening  account. Log in to the Internet Banking facility of your bank. The change in the amount in your account will be reflected immediately but sometimes may take some time but, it is necessary for you to keep the DD slip with you. Following Sukanya Samriddhi Yojana Chart shows the yearly deposit, total deposit, maturity amount after 14 years and 21 years. This scheme is also available in Indian post office saving account under the same name as Sukanya Samriddhi Accounts (SSA). But the amount of  interest  will be deposited on the earlier amount. Can a Non-Indian Resident (NRI) open this account? Sukanya Samriddhi Account – Saving Scheme for Girl Child . This account is transferable within any bank offering this account /post office in India. The procedure for transferring the account is given below-. One account per female child is allowed. You can get information related to opening of account, operation of account, account closure, withdrawal, etc. Withdrawal limit is set to 50% of the total account balance till the end of the last financial year. Step 1- Visit the branch where you have Sukanya Samriddhi Yojana Account with passbook and KYC Documents. Sukanya Samriddhi Accounts creates an opportunity for the parents of the Girl Child to enjoy the happiness of being the father and mother and at the same time not worrying for their future. Post office offline fund transfer is easy and requires you to visit the post office branch and fill the deposit form in favor of Sukanya Samriddhi Account and mentioning the Account number of the Account followed by the amount. This scheme is based basically on ‘ Beti Bachao , Beti Padhao ‘ movement. Tax Redemption is also given under this scheme. For the year 2019 interest rate is declared 8.5% for Sukanya Samriddhi Yojana. An initiative by the Indian government to promote Beti Bachao, Beti Padhao campaign. 21 years. Q. You have successfully transferred the amount to the Sukanya Account on the selected date the amount will be automatically deducted from your account and deposited to your Sukanya Smriddhi account. Select Add option and fill the required data of Beneficiary name as Sukanya Samriddhi Account, Bank or Post office Address, Sukanya account number and set the transfer limit. This number is expected to increase by huge numbers as the government has revised the minimum deposit limit to Rs 250 from Rs 1,000. A security passcode is sent to your registered mobile number. The account can be opened up to the age of 10 years only from the date of birth and relaxation of 1 more year is there, combined makes a total 11 years of age. Sukanya samriddhi yojana calculator helps to calculate the amount that you receive as per your invested amount and tenure. If minimum Rs 250/- is not deposited in a financial year, the account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for a deposit for that year. Users can find detailed information pertaining to this scheme for girl child. This account can easily be  transferred to any part of India with proper documents. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or India Post branch. The Sukanya samriddhi account scheme was launched by our Prime Minister Narendra modi on january 2015. From a taxation perspective, SSY investments are designated as an EEE (Exempt, Exempt, Exempt) investment.