సుకన్య సమృద్ధి యోజన /sukanya samridhi yojna in telugu/government schem for girls-target studyiq

sukanya samridhi yojna in hindi/government schem for girls-target studyiq

Ministry of Finance (Department of Economic Affairs) vide their E-Gazette Notification dated 12th Dec,2019,G.S.R. 912(E),has notified that Central Govt. rescinds the Sukanya Samriddhi Account Rules,2016 published vide G.S.R.323(E) dated 18th March,2016 with immediate effect.Further, Ministry of Finance (Department of Economic Affairs) vide their E-Gazette Notification dated 12th Dec,2019, G.S.R. 914(E), has notified the scheme called the Sukanya Samriddhi Account Scheme,2019

Details: 

Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year.

The account can be opened in the name of a girl child till she attains the age of 10 years.

Only one account can be opened in the name of a girl child.

The account can be opened in Post offices and in authorized banks.

Withdrawal shall be allowed for the purpose of higher education of the Account holder to meet education expenses.

The account can be prematurely closed in case of marriage of girl child after her attaining the age of 18 years.

The account can be transferred anywhere in India from one Post office/Bank to another.

The account shall mature on completion of a period of 21 years from the date of opening of account.

Deposit qualifies for deduction under Sec.80-C of I.T.Act.

Interest earned in the account is free from Income Tax under Section -10 of I.T.Act.

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Important Features

To promote the welfare of Girl Child

A natural/ legal guardian on behalf of a girl child

Up to two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children

Min.250 of initial deposit with multiple of one Fifty rupees thereafter with an annual ceiling of Rs.150000 in a financial year

Tenure of the Deposit is 21 years from the date of opening of the account

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Benefits:

The maximum period up to which deposits can be made is 15 years from the date of opening of the account.

As notified by the GOI, compounded annually with an option for monthly interest pay-outs to be calculated on balance in completed thousands.

As applicable under section 80C of the IT Act, 1961. In the latest Finance Bill, the scheme has been extended Triple exempt benefits i.e. there will be no tax on the amount invested, the amount earned as interest, and the amount is withdrawn.

Irregular Payment/ Revival of the account by payment of penalty of Rs.50 per year along with the minimum specified amount per year

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Others

 SIP: Standing Instructions can be given either at the Branch or set through Internet Banking for automatic credit to Sukanya Samriddhi Account.

Withdrawal: 50% of the balance lying in the account as at the end of the previous financial year for the purpose of education, marriage after attaining the age of 18 years

NOTE: As this is a Govt. of India scheme, customers are advised to visit www.nsiindia.gov.in for the latest instructions/modifications in the scheme.

Visit the Official website of State bank to apply “Click Here

For Application link of Sukanya Samriddhi Account “Click Here

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