Monday, 9 March 2015

Know about Sukanya Samriddhi Yojana

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana was launched in January as part of the Prime Minister's Beti Bachao Beti Padhao initiative. It was already eligible for deduction under section 80C upto the maximum exemption limit of Rs. 1,50,000. Which means one can invest maximum Rs. 1,50,000 in Sukanya Samriddhi Yojana with in a financial year. Now in the budget FM has proposed to make the income from the Sukanya Samriddhi Yojana scheme tax free i.e. interest earned and the maturity amount would not be taxed. Thus Sukanya Samriddhi Yojana becomes the another EEE saving scheme apart from PPF (Read: Why PPF is termed as EEE)

So lets view different scenarios -

  1. Who is eligible for opening a Sukanya Samriddhi Yojana account?
  2. Where can I open a Sukanya Samriddhi Yojana account?
  3. What is the rate of interest on Sukanya Samriddhi Yojana account?
  4. What are the deposit rules for Sukanya Samriddhi Yojana account?
  5. What is the duration of Sukanya Samriddhi Yojana account?
  6. What are the Pre-mature closure and partial withdrawal rules for Sukanya Samriddhi Account?

1 comment:

  1. It's good to see our government taking steps to secure the future of girl child in this country. We need more schemes like this. Thanks for sharing all the details on this.

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