Search results
3 days ago · SSY is a small savings scheme that offers high interest rate, tax benefits and guaranteed returns for the benefit of a girl child. Learn about the eligibility, interest rate, deposit limits, maturity period and other features of SSY.
- No. The facility of loan against SSY account balance is not currently available. You can avail the option of loan against PPF instead.
- Yes. Premature closure of the Sukanya account is allowed in certain cases. This may include compassionate grounds due to terminal illness, the unex...
- The SSY account will have to be closed if the girl child becomes an NRI or loses her Indian citizenship.
Jun 27, 2024 · A SSY account holder can invest minimum Rs 250 & Maximum Rs 1,50,000 in a Financial Year. SSY investment are Compounded annually & the credited to the account on the last day of the FY. Investments can be claimed under Income tax Sec 80 C.
Jun 27, 2024 · Selvamagal Scheme is a government-backed initiative that offers financial assistance to girl children and women in Tamil Nadu. It provides a high-interest rate, tax benefits, and flexible investment options for up to 15 years.
4 days ago · Sukanya Samriddhi Yojana (SSY) is a savings scheme which was launched in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. Read this article to know how does Sukanya Samriddhi Yojana calculator work, its key aspects, calculation formula, etc.
- After the provision of all the required details, the calculator determines the value which will be sanctioned on maturity. In order to perform the...
- Here is a calculation of maturity value keeping the monthly and yearly contribution constant. Assumptions made for the calculation are- Rate of Int...
- The Reserve Bank of India has approved the following banks as the providers of SSY: Axis Bank State Bank of India (SBI) Central Bank of India (CBI)...
- The applicants of Sukanya Samriddhi Yojana can use the SSY calculator to evaluate the maturity amount at the end of the scheme tenure. The calculat...
- Cash Cheque Demand Draft E-Transfer in the concerned bank or post-office (if available)
This savings scheme encourages parents or guardians of economically weaker sections in Tamil Nadu state to save money for their boys’ education. The Department of Post administers this scheme. The minimum amount required to open the Ponmagan Podhuvaippu Nidhi Scheme (PPNS) account is Rs.100.
Jun 17, 2024 · Selvamagal Semippu Thittam Advantages and who can get tax benefits under Sukanya Samriti Yojana Scheme.
2 days ago · Selvamagal Semippu Thittam (SSA) is one such scheme by the Tamil Nadu Government designed for the future welfare of the girl child. Better known as Sukanya Samriddhi Yojana, SSA is a small savings scheme launched in 2016 by the Government of India's Department of Posts.
