The Sukanya Samriddhi Account is designed to provide a bright future for your girl child and it offers a high interest rate and tax benefits under 80c. Till the completion of 15 years from the date of opening of the account, as a depositor, you will have to make deposits every year without fail. Eligibility Criteria for PM Sukanya Samriddhi Yojana. The yojana is part of the beti bachao, beti padhao campaign. 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. Account Opening form which can also be downloaded from the above links. Under the yojana a minimum amount of Rs 1000/- and a maximum of Rs 1.5 Lakhs a year well effective from 5 July 2018. As per the latest update, the authority has reduced the minimum amount to Rs 250/year. Posted on August 20, 2020. Conveniently invest in this scheme online … 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. The balance will also be displayed on the dashboard of your account. Sukanya Samriddhi Account: Here is how to use Sukanya Samriddhi Yojana calculator, and check account balance online. Form 16 Meaning, Format & How to Upload, Complete Guide on Rent Slips/Receipts and Claim HRA Tax, Notice u/s 143-(1) Intimation from Income Tax Department. Keep in mind, the minimum amount that can be invested is Rs 250 and the maximum is Rs 1.5 lakh in a single financial year. RBI Tax Savings Bonds - How to Invest in 7.75% Savings Bonds? The account will be opened on the name of the girl child. Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of the Beti Bachao Beti Padhao Campaign. In addition, with SBI’s hassle-free system of opening and maintaining the account, more individuals can take advantage of this scheme. The parents who have enrolled under the scheme will be provided by the Sukanya Samriddhi Account. The bank accepting the opening of the SSY Accounts are listed below. If the applicant wants to enroll for the SSY Account offline then he needs to visit the Post office or any branch of the commercial bank. Contact us: email@example.com. Additionally, the accrued interest and the maturity amount are also exempt from tax. PAN, Passport, matriculation certificate, voter ID, driving license, or any other ID proof issued by the government of India. The interest year for the fiscal year 2020-21 will remain the same as of 2019-2020. By Sujata Choudhury. Required fields are marked *. Mode for the deposit of money in the scheme- Cash, Demand draft, Online Net banking. Email. The income tax deduction is available u/s 80C for an amount of up to Rs 1.5 lakhs. The account has a maturity period of 21 years and deposits can be made in the first 14 years. The account can be opened by a natural or legal guardian on behalf of a girl child, under the age of 10 years. Please refer to the list of banks. In this article, we will be telling you complete information regarding the online application for the प्रधानमंत्री सुकन्या समृद्धि योजना २०२० and the Eligibility criteria for availing the yojana. However, the applicant can use any bank but we prefer you to use the bank in which you have an account. Your email address will not be published. Please refer to the passage below. It can also be used to find out the approximate savings via this scheme for the daughter’s higher education and/or marriage. 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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