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Jul 5, 2024 · Tax Benefits of Sukanya Samriddhi Yojana. In order to encourage investments in SSY, the SSA has also been provided with certain tax benefits: Investments made in the SSY scheme are eligible for deductions under Section 80C, subject to a maximum cap of Rs 1.5 lakh.
5 days ago · Age Limit & Maturity Period of Sukanya Samriddhi Yojana. Post Office Sukanya Samriddhi Yojana has a tenure equal to the time the girl child is 21 years of age or upon her marriage after attaining the age of 18 years. However, contributions only need to be made for 15 years.
Sukanya Samriddhi Yojana (SSY) Calculator - Calculate SSY Online to determine the maturity amount of your SSY investment after 14 years. Get details of Sukanya Samriddhi Scheme, Rules, deposit amount, interest rate and tax benefits here at Groww.in
'Sukanya Samriddhi Yojana' to ensure maximum benefits to girls. To ensure that the benefits of the Scheme reach far and wide, the "Sampoorna Sukanya Gram Campaign" was launched in June 2019. In this campaign at least five villages to be enmarked Sampoorna Sukanya Village (Gram). It covers opening of Sukanya Samriddhi
The minimum and maximum amount that can be invested in the Sukanya Samriddhi Yojana scheme are Rs 250 and Rs 1.5 lakhs, respectively, per fiscal year. What is the minimum amount required to open an SSY account?
Sukanya Samriddhi Account Scheme INTRODUCTION: Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year. 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. Account can be opened in Post offices and in authorised banks.
May 4, 2024 · In the latest Finance Bill, the scheme has been extended Triple exempt benefits i.e. there will be no tax on the amount invested, amount earned as interest and amount withdrawn. Irregular Payment/ Revival of account by payment of penalty of Rs.50 per year along with the minimum specified amount per year
You must enter the age of the girl child, the investment amount, the starting year of the investment, and the period for which you would invest in the SSY account. The SSY Calculator allows you to choose a maximum time for the investment for up to 15 years.
Apr 10, 2024 · The government fixes the Sukanya Samriddhi Yojana interest rate every quarter. For the quarter ending June 2023, the rate of interest is 8% per annum, compounded annually. The interest is payable only on maturity or in the event of a change in your daughter’s residency or citizenship status.
Features & Benefits of Sukanya Samriddhi Yojana (SSY) Scheme. Get more returns than other similar savings scheme. Authorised by ministry of finance, it is a Government of India backed savings scheme. Minimum investment - Rs 250; Maximum investment – Rs 1,50,000 in one financial year.
