The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under the Beti Bacho Beti Padhao campaign.
Nothing Is More Important Than Securing Your Child's Future
Invest ₹10k/month your child will get ₹1 Cr Tax Free*
The main agenda of the scheme is to encourage parents of a girl child in India to build a corpus for her future education and expenses.
Here are some features as well as the benefits related to Sukanya Samriddhi Yojana Scheme that will help you understand the policy in a better way.
Here are some highlights of the features and benefits of Sukanya Samriddhi Yojana that will help you understand the scheme
Features |
Benefits |
Interest rate |
7.6% per annum |
The minimum amount for opening an account |
INR 250/- every year |
The maximum amount for opening an account |
INR 1,50,000/- every year |
Who can open the account |
The Parent or legal guardian of the girl child |
Age criteria |
Girl child below the age of 10 |
Maximum number of accounts |
2 per family |
Tenure of the scheme |
21 years or until the marriage after the age of 18 |
Account opening |
Only in the name of girl child |
Deductions |
Under section 80C if Income Tax Act |
Withdrawals |
Partial withdrawals can be done |
Before knowing how to check Sukanya Samriddhi Account Balance Online, or deposit money online, it is important to understand IPPB.
Indian Postal Department has played a vital part in India’s Communication Network for ages. Today, to come at par with the leading banks in our country and to provide better digital services to the common man, the Indian Postal department has come up with a new banking wing called Indian Post Payment Bank (IPPB).
Under the IPPB (Indian Post Payment Bank), all your post office transactions can be done online, just like any other normal bank. All you need to do for IPPB is visit your nearest post office once for basic registration and post that, you can easily carry all your post-office-related transactions online. From viewing the balance of any of your postal accounts to transferring money in different scheme plans, all can be done online just after you complete IPPB registration.
If you already have an account, you can check the Sukanya Samriddhi Yojana account balance both online and offline through electronic medium and physical passbook respectively. Let us discuss both ways in detail so that it is easy for you to know your Sukanya Samriddhi Yojana account balance.
Currently, 28 banks are offering the Sukanya Samriddhi Yojana scheme. To know your account balance offline, all you need to have is a passbook of the account provided to you by your bank. For account balance inquiries, you have to visit your bank branch and get the passbook updated regularly.
In the world of digitalization and covid, nobody wants to step outside their houses. The best way to be updated about your Sukanya Samriddhi Yojana account balance is by registering online.
Here are some simple steps to be followed to know your Sukanya Samriddhi Yojana account balance online:
These are some extremely simple and quick steps to check out your account balance anytime, anywhere, without any hassle.
Now that you can check the Sukanya Samriddhi Account balance online by these simple steps, you can directly deposit money in your SSY account too. If you feel the need to deposit money in your post office Sukanya Samriddhi Account, here are all the steps to be followed.
Sukanya Samriddhi Yojana Account is a must-have for every responsible parent of a girl child to corpus for her future financial needs. To deposit money in your existing Sukanya Samriddhi Yojana account, you have to follow these simple steps below:
There are 2 ways to open Sukanya Samriddhi Yojana offline, that is, with the bank or at the post office.
Much easier than directly visiting the bank branch, to open your Sukanya Samriddhi Yojana account online, all you have to do is
It is your choice how you would like to open your child’s Sukanya Samriddhi Yojana account.
Sukanya Samriddhi Yojana is a great scheme any parent could buy for their daughter. A scheme specially designed for girl children so that parents do not have any financial problems while raising them, SSY is beneficial in every form. Easy to open with minimal premium payment options, Sukanya Samriddhi Yojana is the scheme to be trusted on.
*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.
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