She should be a resident citizen of India, The account cannot be opened for more than two girl children in a single family. The duration of the scheme to get mature is different that is 5 years, 10 years, 15 years, 18 years and 21 years. Your email address will not be published. Also Check: MSY Mukhyamantri Swarozgar Yojana. However, not all banks have started offering this facility. Please refer to the list of banks. Sukanya Samriddhi Account: Here is how to use Sukanya Samriddhi Yojana calculator, and check account balance online. Thereafter, you can deposit any amount up to INR 1.5 lakhs in a financial year, in multiples of 100. Share. The balance will also be displayed on the dashboard of your account. Also, the maturity amount is tax free. Once you have prepared all your documents, submit them at an SBI branch nearest to you. Please refer to the complete eligibility details before applying. The account has a maturity period of 21 years and deposits can be made in the first 14 years. Form for Sukanya Samriddhi account [can be taken from the Bank], Address proof of natural or legal guardian, Transfer/ online transfers through Internet Banking, High interest rate 8.4% compounded annually. You can check the balance of your Sukanya Samriddhi account online. Tweet. Your email address will not be published. The account can be opened by a natural or legal guardian on behalf of a girl child, under the age of 10 years. Notice for Defective Return u/s 139(9): How to Respond? RBI Tax Savings Bonds - How to Invest in 7.75% Savings Bonds? From April 2020, this scheme offers an interest rate of 7.6% compounded annually. Ministry of Women and Child Welfare, Govt. of Indian has launched the scheme as part of “Beti Bachao, Beti Padhao” campaign. Share. How to Check Sukanya Samriddhi Account Balance? The interest year for the fiscal year 2020-21 will remain the same as of 2019-2020. The sukanya samriddhi scheme is all about saving the funds for the education and the marriage of their girl child. Additionally, the accrued interest and the maturity amount are also exempt from tax. The account will be opened on the name of the girl child. Keep in mind that this process lets you only view the balance in your account, and not make transactions through this portal. The applicant enrolling for the scheme will have huge benefits for the upcoming future as sukanya samriddhi yojana interest rates are 7.6% which is compounded annually. As per the latest update, the authority has reduced the minimum amount to Rs 250/year. Ans: Yes, SBI facilitates opening up of Sukanya Samriddhi Yojana account even if a person does not have savings account with SBI Bank. Required fields are marked *. Fill the form and submit it to the authority. The bank accepting the opening of the SSY Accounts are listed below. 2) Go to DOP Products. SBI offers easy access to this scheme, even for people who do not have a savings account in SBI. Identity Proofs i.e. The bank will provide you assistance. The parents who have enrolled under the scheme will be provided by the Sukanya Samriddhi Account. A few banks also let their account holders check the SSY account balance online. Sukanya Samriddhi Yojana Online Apply | The Government of India has introduced a saving scheme that targets the parents of the girl child that is the sukanya samriddhi yojana (सुकन्या समृद्धि योजना ).The Yojana was announced by our honorable PM Narendra Modi. It can also be used to find out the approximate savings via this scheme for the daughter’s higher education and/or marriage. Contact us: info@officenewz.com. The RBI has also released an official notification regarding the scheme. Procedure to open Sukanya Samriddhi account in SBI, Income Tax Slab & Tax Rates for FY 2020-21(AY 2021-22) & FY 2019-20 (AY 2020-21), Section 234F: Penalty for Late Filing of Income Tax Return, Deductions under Chapter VI A of Income Tax Act for FY 2019-20(AY 2020-21), Income Tax Return (ITR) Filing 2019: How to File ITR Online India, Form 16: What is Form 16? Introduction In an attempt to promote the education and welfare of the girl child, the Government of India had introduced the Sukanya Samriddhi in 2016. Bank Fixed Deposit - Interest Rates On Bank FD Accounts. All Rights Reserved. The authority will provide the form for opening the सुकन्या समृद्धि योजना Account. The Sukanya Samriddhi Scheme can only be opened either by parents or legal guardians on behalf of their girl child, including an adopted girl child for up to 2 daughters, up to the age of 10 years only from the date of birth of the girl child. By: Priyadarshini Maji | August 19, 2020 4:39 PM. For the online process, the commercial bank has different process. Copyright © 2020 OfficeNewz.com All rights reserved. Income Tax Form 60: For those who don't have Pan Card in India, Tax Saving Benefits for Home Buyers with & without Home Loan, Section 80C: Deductions & Tax Savings Investment Options, Section 80CCC: Deduction for Contribution towards Pension Funds, Section 80CCD: Deduction for APY & NPS Contribution, Section 80CCD(1B) : Deductions & Tax Benefits For NPS Scheme, Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS), Section 80RRB: Deductions on Income from Patent Royalty, Section 80QQB: Deductions for Royalty Income of Authors, Section 80D: Deduction for Medical Insurance & Preventive Check-Up, Section 80E: Deduction for Interest on Education Loan, Section 80EE: Deduction for Interest on Home Loan, Section 80DD: Deduction for Expenses on Disabled Dependent, Section 80DDB: Tax Deduction for Specified Diseases, Section 80U: Tax Deduction for Disabled Individuals, Section 80GG: Deduction for Rent Amount Paid, Section 80GGA: Deduction for Donation for Scientific Research/Rural Development, Section 80GGB: Tax Benefits to Indian Companies on Political Donations, Section 80GGC: Tax Benefits to Individuals on Political Donations, Section 80TTA: Deduction on Interest for Savings Accounts, Section 80TTB: Tax Exemption for Senior Citizens on Interest Income, Section-80-IA: Deductions For Gains From Industrial Undertakings, Section 80-IC : Deductions For Certain Undertakings in Special States, Section 80JJAA: Deduction For Employment of New Employees, Section 80LA : Deduction For Certain Income Of Offshore Banking Units, Section 80G: Deduction For Donations To Charitable Institutions, Tax Benefits on Children Education,Tuition & School Fees Under 80C, Section 80ID: Deduction For Profit From Business Of hotels, Income Tax on Loan Taken from Friends or Relatives, PPF - Public Provident Fund - Interest, Benefit & Withdrawals, Tax Benefits On Insurance Policies – Section 80C.

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