Sukanya Samriddhi Yojana AGEAS Bank

PMO Indian Narendra Modi launched a scheme called 'Sukanya Samriddhi Yojana' which is a part of the 'Beti Bachao Beti Padhao' campaign. This is to benefit the girl child with finances. In other words, you can call it the 'Girl Child Prosperity Scheme' as its main objective is to financially help the girl child.

Read more
Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Sukanya Samriddhi Yojana Calculator

Latest SSY Interest Rate = 8.2%

Yearly Investment

You can invest maximum upto ₹1,50,000

Girl's Age

Maximum age should be 10 years
Yrs

Start Year

Investment term is 21 years
Total Investment
Total Interest
Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get
Explore Tax Saving Funds

With the help of the government and Sukanya Samriddhi Yojana (SSY), you can give your daughter a bright future which she deserves. All you need to do is open an SSY account in AGEAS Account and follow the necessary procedure

Before that let's understand everything about the said scheme

What is Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is targeted at parents of girl children. This scheme is backed by the government of India to support girl child. Under this scheme, the government encourages parents/legal guardians to build a fund for education or marriage expenses for their girl child.

As per the rules, the parent/legal guardian can open an SSY account in the name of a girl child until she is 10 years old.

The scheme is getting popular because it provides tax benefit. As per this small savings scheme you can avail tax benefit of up to 1.5 lakh under section 80C of the Income Tax Act. Also, the accrued interest and maturity amount are exempted from tax.

People also read: Child Education Plan

Who Can open SSY account in AGEAS Bank?

As per the rules, the parent/legal guardian can open an SSY account in the name of a girl child until she is 10 years old.

Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Benefits of Sukanya Samriddhi Account AGEAS Bank

Mentioned below are the benefits of opening a Sukanya Samriddhi Account with AGEAS Bank

  • The initial deposit amount to open the account is as low as ₹ 250.

  • You can avail tax benefit for investing in this scheme. Maximum tax amount of ₹1.5 lac will be exempted under section 80C of the Income Tax Act. The maturity amount is also exempted from tax so that the girl child can use the whole amount for her studies or welfare.

  • You can enjoy the highest interest rate at AGEAS bank. Under the SSY, the interest rate at AGEAS Bank is 7.6% per annum. In case, the account is not closed at maturity, the interest will continue to credit until it's closed officially.

  • The maturity amount will be paid to the girl child's active account of that time. It would happen so to make sure the whole amount is used by the girl child for her studies or welfare.

People also read: Sukanya Samriddhi Yojana Calculator

Features of Sukanya Samriddhi Account AGEAS Bank

These are the vital features of the SSY account in AGEAS Bank

  • A parent/legal guardian can only open 1 account for 1 girl, a maximum of 2 accounts for 2 girls. In the case of triplets and twins born after the first child, 3 accounts are allowed.

  • The age of the daughter(s) should not be more than 10 years at the time of opening an SSY account in AGEAS Bank. Girl children born between December 2nd, 2003 and December 1st, 2004 are provided with 1 year grace period.

  • Only a parent or legal guardian can open an SSY account in AGEAS Bank on behalf of the girl child. 

  • As per this small savings scheme, the initial deposit amount is as low as ₹250 and can be increased in multiples of ₹100. The maximum investment limit per annum is ₹1.5 lacs.

  • The tenure of the SSY account is 21 years. 

  • A parent/legal guardian can manage the account of a girl child until she turns 10 years. After that, the girl child can manage the account by herself.

  • As per the scheme, one can make deposits for a maximum of 14 years from the date of opening the account.

  • If by any means, the SSY account goes on hold, one can revive by paying the minimum amount along with the penalty of ₹50.

  • A parent/legal guardian can make deposits via Cash, cheque or demand draft.

  • In cases of extreme emergencies or unexpected demise of the depositor, the scheme allows premature closure of the account.

  • When the girl turns 18, she can withdraw 50% of the amount for higher education or marriage.

Child Savings Plan vs Sukanya Samriddhi Yojana Scheme and Public Provident Fund

How To Open A Sukanya Samriddhi Yojana Account At AGEAS Bank?

You can open a Sukanya Samriddhi Yojana (SSY) account at your nearest AGEAS Bank branch. You are just required to follow the below-mentioned procedure to open an SSY account in AGEAS Bank.

  • Visit the nearest bank branch where you would like to open the account.

  • Fill up the application form with the necessary details and submit all the supporting documents.

  • You are required to make the first deposit in the form of cash, cheque, or demand draft. The amount can vary from ₹250 to ₹1.5 lacs.

  • After the verification and processing by the bank, your SSY account will be opened. AGEAS Bank will provide you with the passbook once your account will be opened.

Documents required for opening SSY account in AGEAS Bank

  • Birth certificate of the girl child with her full name on it.

  • Passport size photograph of the parent/legal guardian of the girl child.

  • Identity and address proof of parent/legal guardian.

Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

Note

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

  • The interest rate is determined by the government and is subject to change. The interest rate mentioned here is for the year 2019-20.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

child plan investment

Investment

child plan secure

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan3

Child plans articles

Recent Articles
Popular Articles
Child Education Planner

05 Feb 2024

Ensure your child's dreams come true with a Child Education
Read more
Indian Bank Education Loan

16 Jan 2024

Indian Bank stands tall as a reliable partner in your academic
Read more
Education Loan for Abroad Studies

16 Jan 2024

Pursuing international education is a dream for many aspiring
Read more
Education Loan Without Collateral

16 Jan 2024

An Education Loan Without Collateral is a financial solution
Read more
Canara Bank Education Loan

15 Jan 2024

Canara Bank Education Loan is a comprehensive financial solution
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
How to Check Post Office Sukanya Samriddhi Yojana Account Balance
The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under
Read more
Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that aims to create a corpus to
Read more
Prime Minister Schemes For Boy Child
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
Best Child Investment Plans to Invest in 2024
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL