What Is Sukanya Samriddhi Yojana? How To Open SSY Account, Its Features, Returns
1 year, 11 months ago

What Is Sukanya Samriddhi Yojana? How To Open SSY Account, Its Features, Returns

News 18  

Sukanya Samriddhi Yojana: Even as the financial year 2022-23 is ending on March 31, people are thinking of ways to save taxes by investing or saving for this financial year and planning for the next. Here are its features and how you can invest: Currently, the Sukanya Samriddhi Yojana offers an annual interest rate of 7.6 per cent for January-March 2023. Sukanya Samriddhi Yojana account can be opened by the guardian in the name of girl child below the age of 10 years on the day of opening the account. Rules of Deposit For Sukanya Samriddhi Yojana Accounts An SSY account can be opened with minimum initial deposit Rs 250. Sukanya Samriddhi Yojana: Interest and Tax Benefits During the January-March 2023 quarter, the Sukanya Smariddhi Yojana subscriber has earned an interest rate of 7.6 per cent.

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History of this topic

Looking for tax benefits under Section 80C? Check these 5 options
1 week, 2 days ago

Looking for tax benefits under Section 80C? Check these 5 options

India Today  

Post Office Savings Schemes are considered a safe investment option in India as they are backed by the government. That said, let us look at the five office savings schemes that offer tax benefits under Section 80C. Also, contributions made to PPF qualify for tax deductions under Section 80C and the interest earned, along with the maturity amount, is tax-free. …

NPS Vatsalya vs Sukanya Samriddhi Yojana: Which one to choose for your child's future?
1 month, 3 weeks ago

NPS Vatsalya vs Sukanya Samriddhi Yojana: Which one to choose for your child's future?

India TV News  

As parents, securing the financial future of our children is a priority, and choosing the right investment scheme can play a pivotal role in achieving this goal. Two popular options available for parents in India are the NPS Vatsalya Scheme and the Sukanya Samriddhi Yojana. NPS Vatsalya vs Sukanya Samriddhi Yojana: A detailed comparison The NPS Vatsalya and Sukanya Samriddhi …

Sukanya Samriddhi Yojana: Secure your daughter's future, avail tax benefits | Here's how
1 month, 3 weeks ago

Sukanya Samriddhi Yojana: Secure your daughter's future, avail tax benefits | Here's how

India TV News  

Worried about your daughter’s future? To address these concerns, the government offers an excellent scheme—the Sukanya Samriddhi Yojana —that provides financial security for your daughter in the future. Key Benefits of Sukanya Samriddhi Yojana: Attractive interest rates: Currently, the scheme offers an interest rate of 8.2 per cent, which is one of the highest for small savings schemes. Mathematical example: …

7 last-minute investment strategies to save taxes before FY 2024-25 ends
2 months ago

7 last-minute investment strategies to save taxes before FY 2024-25 ends

India Today  

As the financial year 2024-25 draws to a close, many taxpayers find themselves scrambling for ways to save on taxes. Let’s have a look at seven reliable options to consider: INVEST IN EQUITY LINKED SAVINGS SCHEME ELSS funds are a popular choice for tax-saving investments, offering exemptions of up to Rs 1.5 lakh under Section 80C of the Income Tax …

Sukanya Samriddhi Yojana: A smart investment option for securing higher education, marriage expenses
2 months, 1 week ago

Sukanya Samriddhi Yojana: A smart investment option for securing higher education, marriage expenses

India TV News  

Sukanya Samriddhi Yojana: A smart investment option for securing higher education, marriage expenses The Sukanya Samriddhi Yojana is a government-backed savings scheme that helps parents build a substantial fund for their daughters' higher education and marriage, offering tax benefits, attractive interest rates, and flexible withdrawal options. One such scheme that can help parents build a substantial fund for these future …

Interest rates of PPF, Sukanya Samriddhi Yojana to remain unchanged | Details
2 months, 2 weeks ago

Interest rates of PPF, Sukanya Samriddhi Yojana to remain unchanged | Details

Hindustan Times  

The government will be keeping the interest rates of various small savings schemes unchanged for the fourth consecutive quarter, announced the Union finance ministry on Tuesday, December 31, 2024. The government will be keeping the interest rates on various small savings schemes like PPFY, SSY, and NSC unchanged, meaning it would be the same as the previous consecutive quarter “The …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
3 months, 3 weeks ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

Sukanya Samriddhi Yojana: How to accumulate ₹69 lakh when your girl turns 21
1 year ago

Sukanya Samriddhi Yojana: How to accumulate ₹69 lakh when your girl turns 21

Live Mint  

Sukanya Samriddhi Yojana: In a bid to promote 'Beti Bachao Betio Padhao' campaign, the central government launched Sukanya Samriddhi Yojana in the year 2015. So, if an earning individual starts investing ₹12,500 per month or ₹1.50 lakh per annum in an SSY account after the birth of their girl child, he or she would be able to accumulate around ₹69 …

Sukanya Samriddhi Yojana for Your Daughters: Know Eligibility, Features, Returns
1 year ago

Sukanya Samriddhi Yojana for Your Daughters: Know Eligibility, Features, Returns

News 18  

Sukanya Samriddhi Yojana: Tax planning is a key activity salaried persons do to save money. Currently, the Sukanya Samriddhi Yojana offers an annual interest rate of 8.2 per cent for January-March 2024. Sukanya Samriddhi Yojana account can be opened by the guardian in the name of girl child below the age of 10 years on the day of opening the …

National Girl Child Day: Is equity mutual fund better than Sukanya Samriddhi?
1 year, 1 month ago

National Girl Child Day: Is equity mutual fund better than Sukanya Samriddhi?

Live Mint  

National Girl Child Day 2024: There is a wide range of investment products available for the girl child in India. According to personal finance experts, the selection between Sukanya Samriddhi Yojana and equity mutual funds has sparked significant controversy. Sukanya Samridhi Yojana vs equity mutual funds Sukanya Samriddhi Yojana is a fixed income product, while, mutual funds are tools for …

ELSS vs SSY: Where to bet for your girl child?
1 year, 9 months ago

ELSS vs SSY: Where to bet for your girl child?

Live Mint  

In addition to tax planning, and wealth creation, investing for a girl child is a crucial financial responsibility for investors. Viidyes Totare, Director Archers Wealth Management Pvt Ltd You can choose between Equity Linked Saving Scheme and Sukanya Samriddhi Yojana depending on your risk appetite and financial requirement. Under ELSS, there is a lock-in period of three years, whereas in …

Central Government Increases Interest Rates Of Sukanya Samriddhi Yojana To 8%
1 year, 11 months ago

Central Government Increases Interest Rates Of Sukanya Samriddhi Yojana To 8%

News 18  

The central government has increased the Sukanya Samriddhi Yojana interest rates from 7.60% to 8%. Although the SSY interest rates are variable every quarter, investors who start their Sukanya Samriddhi Yojana account investments after the birth of their first girl child can expect to receive returns of between 7.60 and 8%. The girl child will become financially independent at age …

Sukanya Samriddhi Yojana: How to accumulate ₹63 lakh when your girl turns 21
1 year, 11 months ago

Sukanya Samriddhi Yojana: How to accumulate ₹63 lakh when your girl turns 21

Live Mint  

Sukanya Samriddhi Yojana calculator: The central government has declared interest rate of small saving schemes for the first quarter of financial year 2023-24. However, this SSY interest rate is changeable on quarterly basis but one can expect to get around 7.60 to 8 per cent return if someone begins investing in Sukanya Samriddhi Yojana account after the birth of its …

Sukanya Samriddhi Yojana: Open Account With Rs 250, Get Rs 2.5 Lakh at Maturity; Detail Here
2 years ago

Sukanya Samriddhi Yojana: Open Account With Rs 250, Get Rs 2.5 Lakh at Maturity; Detail Here

News 18  

Sukanya Samriddhi Yojana: People have various options to invest their money or save that for the future needs. The Centre recently kept the interest rate on Sukanya Samriddhi Yojana unchanged at 7.6 per cent for January-March 2023. Sukanya Samriddhi Yojana account can be opened by the guardian in the name of girl child below the age of 10 years on …

‘Future of daughters’: PM Modi hails opening of 10 lakh Sukanya Samridhi Accounts in 2 days
2 years, 1 month ago

‘Future of daughters’: PM Modi hails opening of 10 lakh Sukanya Samridhi Accounts in 2 days

Hindustan Times  

Prime Minister Narendra Modi and Union minister for railways, communications, electronics and information technology, Ashwini Vaishnaw on Sunday hailed the opening of over 10 lakh Sukanya Samriddhi Accounts across the country in just two days noting that this would secure the future of the country’s daughters. A special awareness drive was initiated from February 1 to 8 by India Post …

Sukanya Samriddhi Yojana: A Safe Way To Plan Financial Security For Girl Child's Future; Check Details
2 years, 2 months ago

Sukanya Samriddhi Yojana: A Safe Way To Plan Financial Security For Girl Child's Future; Check Details

News 18  

Though the interest rate on the girl child scheme Sukanya Samriddhi Yojana has been kept unchanged for the January-March 2023 quarter, the current 7.6 per cent return is still attractive as it is also completely risk-free and government-backed. Sukanya Samriddhi Yojana Account: Eligibility Sukanya Samriddhi Yojana account can be opened by the guardian in the name of girl child below …

Interest rate for Sukanya Samriddhi Yojana unchanged for October-December 2022 quarter; details here
2 years, 4 months ago

Interest rate for Sukanya Samriddhi Yojana unchanged for October-December 2022 quarter; details here

Firstpost  

At the conclusion of each financial year, interest is credited to the account and is exempt from tax under Section 80C of the Income Tax Act of 1961 Introduced as part of the government’s ‘Beti Bachao, Beti Padhao’ campaign, the Sukanya Samriddhi Yojana is one of the small savings programmes that provides people with guaranteed returns on their deposits. At …

Sukanya Samriddhi: Invest Rs 500 Monthly, Get Over Rs 2.5 Lakh Return at Maturity; Know How
2 years, 4 months ago

Sukanya Samriddhi: Invest Rs 500 Monthly, Get Over Rs 2.5 Lakh Return at Maturity; Know How

News 18  

Sukanya Samriddhi Yojana: The government offers various schemes for small deposits. Sukanya Samriddhi Yojana account can be opened by the guardian in the name of girl child below the age of 10 years on the day of opening the account. Sukanya Samriddhi Yojana Account: Rules of Deposit An SSY account can be opened with minimum initial deposit Rs 250. Sukanya …

This is why Sukanya Samriddhi Yojana may not be enough for your child’s future
2 years, 7 months ago

This is why Sukanya Samriddhi Yojana may not be enough for your child’s future

Live Mint  

Sukanya Samriddhi account is a popular savings instrument amongst Indian parents with daughters. But will just opening a Sukanya Samriddhi Yojana account for your daughter’s future be enough? So if your daughter’s goals are more than 10 years away, then you should be investing more in equity funds and less in debt, unless of course, you are a very conservative …

How to build a bright future for your daughter with Sukanya Samriddhi Yojana
2 years, 10 months ago

How to build a bright future for your daughter with Sukanya Samriddhi Yojana

Live Mint  

Sukanya Samriddhi Yojana or SSY is a social security scheme that was developed in the government’s ‘Beti Bachao, Beti Padhao Campaign.’ Investing in this insurance plan allows parents to provide a girl — ten or younger — with financial stability. As parents, you can invest at least Rs 1,000 per year and Rs 1.5 lakh in the Sukanya Samriddhi Yojana …

PPF, NPS, Sukanya Samriddhi Account Holders: Do This Before March 31 to Keep Accounts Active
2 years, 11 months ago

PPF, NPS, Sukanya Samriddhi Account Holders: Do This Before March 31 to Keep Accounts Active

News 18  

Income Tax Saving Schemes: March, for investors, is the tax saving month of the year. Policies like the Public Provident Fund or PPF, National Pension System or NPS scheme and Sukanya Samriddhi Yojana or SSY have the rule for its investors to make a minimum amount of investment each year to enjoy seamless benefits. Here is a list of the …

Sukanya Samriddhi Yojana : How to open SSY account with SBI
3 years, 1 month ago

Sukanya Samriddhi Yojana : How to open SSY account with SBI

Live Mint  

Sukanya Samriddhi Yojana is a government-backed small savings scheme. One of the banks providing the service to open a Sukanya Samriddhi account is the State Bank of India. Here is a look at how one can open an SSY Account with SBI Documents needed SSY Account opening form Beneficiary’s birth certificate Address proof of the guardian or parents of the …

Invest Rs 3,000 Every Month in this PNB Scheme to Get Over Rs 15 lakh. Details Here
3 years, 7 months ago

Invest Rs 3,000 Every Month in this PNB Scheme to Get Over Rs 15 lakh. Details Here

News 18  

Punjab National Bank has come up with Sukanya Samriddhi Yojana by which you can secure the future of your daughters. As a parent, you have to make a minimum deposit of Rs 250 in the Sukanya Samriddhi account in a financial year. The interest on the Sukanya Samriddhi account will be applicable as announced by the Government of India every …

Sukanya Samriddhi Yojana: Policy Details, Eligibility, Tax Benefits, How to Apply
3 years, 7 months ago

Sukanya Samriddhi Yojana: Policy Details, Eligibility, Tax Benefits, How to Apply

News 18  

The Sukanya Samriddhi Yojana is a small deposit scheme for a girl child. The account under Sukanya Samriddhi Yojana can be opened any time after the birth of a girl child till she turns 10. A maximum of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana in a financial year. To open an account under Sukanya Samriddhi Yojana, …

Sukanya Samriddhi Yojana for your Daughter: Eligibility, Interest Rates, Tax Benefits
3 years, 7 months ago

Sukanya Samriddhi Yojana for your Daughter: Eligibility, Interest Rates, Tax Benefits

News 18  

Parents looking to save money for the future of their girl child can avail the benefits of Sukanya Samriddhi Yojana. One big convenience in saving in this scheme is that you can move your Sukanya Samriddhi Yojana account from one bank to another or to a post office depending upon your choice and requirements. Only 2 accounts per family are …

All You Need to Know about Sukanya Samriddhi Yojana for Girl Child
4 years, 3 months ago

All You Need to Know about Sukanya Samriddhi Yojana for Girl Child

News 18  

Worried about saving funds to support your girl child’s higher education or her marriage expenses? The Sukanya Samriddhi Yojana by the government is meant exclusively for the girl child. The scheme comes with a host of benefits, including higher interest rate along with income tax benefits under Section 80C for up to Rs 1.5 lakh. The account can be opened …

How to open Sukanya Samriddhi Yojana account: All you need to know
4 years, 7 months ago

How to open Sukanya Samriddhi Yojana account: All you need to know

India Today  

Sukanya Samriddhi Yojana is a savings scheme launched back in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. This scheme enables guardians to open a savings account for their girl child with an authorized commercial bank or India Post branch. SSY account also offers income tax benefits by way of deductions under Section 80C for up …

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31
4 years, 7 months ago

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31

Live Mint  

In view of the coronavirus crisis, the government has relaxed deposit, extension and account opening rules for many small savings schemes including Public Provident Fund or PPF and Sukanya Samriddhi Yojana. The government has allowed PPF subscribers to make deposits till 31st July in their accounts for FY 2019-20 subject to the condition of maximum deposit ceiling of ₹1.5 lakh. …

Sukanya Samriddhi Yojana: How the scheme offers highest tax-free return on your investment
4 years, 7 months ago

Sukanya Samriddhi Yojana: How the scheme offers highest tax-free return on your investment

India TV News  

Sukanya Samriddhi Yojana is the best tax saving option to secure your daughter's future. If you need risk-free investment for your girl child, then SSY is the best saving scheme one can opt for. Here's how Sukanta Samriddhi Yojana offers highest tax-free return on investment: The investment amount in Sukanya Samriddhi Account qualifies for tax deduction under Section 80C whereas …

How to open Sukanya Samriddhi Account?
4 years, 8 months ago

How to open Sukanya Samriddhi Account?

Live Mint  

Sukanya Samriddhi Yojana account is a government-backed saving scheme for girl child. 1) The account can be opened at any India Post office or branch of authorised commercial banks in the name of the girl child 2) The Sukanya Samriddhi Account can be opened either by parents or legal guardians of a girl child, with a notified bank or post …

Sukanya Samriddhi Yojana: Age norms relaxed for opening new accounts
4 years, 8 months ago

Sukanya Samriddhi Yojana: Age norms relaxed for opening new accounts

Live Mint  

The government has announced some relaxation in the eligibility norms for opening of Sukanya Samriddhi accounts due to the coronavirus lockdown. According to the latest guidelines from the postal department, Sukanya Samriddhi account may be opened in the name of girl child on or before 31st July, 2020, who have attained the age of 10 years during the period of …

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits
4 years, 8 months ago

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits

Live Mint  

The government has kept interest rates unchanged for small savings schemes, including that of Public Provident Fund and Senior Citizens’ Savings Scheme, for the July-September quarter. Interest rates for small savings schemes are notified on a quarterly basis. Post office savings accounts will continue to fetch 4% interest Here are the interest rate on small savings schemes for July-September quarter: …

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits
4 years, 11 months ago

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits

Live Mint  

As widely expected, the government has sharply cut the interest rate on small savings schemes, including the popular Public Provident Fund or PPF. Here are the interest rate on small savings schemes for this quarter: PPF: The popular tax, long-term savings scheme, which matures in 15 years, has seen an interest rate cut of 80 basis points. Revised interest rate …

Should you invest in Sukanya Samriddhi Yojana or fixed deposits?
5 years, 4 months ago

Should you invest in Sukanya Samriddhi Yojana or fixed deposits?

India TV News  

The right investment options will enable you to not just set aside a fixed sum of money, but also help you multiply your savings. Sukanya Samriddhi Yojana and Fixed deposits are one of the most preferred investment avenues. While Sukanya Samriddhi Yojana has its own set of advantages, read along to find out why parents view fixed deposits as one …

PPF, Sukanya Samriddhi, NSC: How to make use of small savings schemes
6 years, 3 months ago

PPF, Sukanya Samriddhi, NSC: How to make use of small savings schemes

Live Mint  

Mumbai: The government offers a basket of products under small savings schemes. National Savings Certificate NSC is a five-year small savings scheme and currently gives you an interest rate of 8%. Sukanya Samriddhi Account Scheme Dedicated to the girl child, Sukanya Samriddhi Account can be opened in the name of a girl child if she is below 10 years old. …

3 financial products you can buy in your child’s name
6 years, 4 months ago

3 financial products you can buy in your child’s name

Live Mint  

One of the primary financial goals most people have is saving enough to finance their children’s higher education and marriage. As parents or legal guardians, you can open only one account in the name of one girl child and a maximum of two accounts for two different girl children. A minimum of ₹ 250 and maximum of ₹ 1.5 lakh …

Is Sukanya Samriddhi good for your daughter?
6 years, 4 months ago

Is Sukanya Samriddhi good for your daughter?

Live Mint  

For most parents, saving for their child’s future is a major financial goal. Abhishek Kumar, a 33-year-old software engineer based in Bengaluru, opened an SSY account for his daughter Ira when she was two years old, primarily to save for her higher education. “I understand that the money saved through the Sukanya Samriddhi account may not be sufficient when my …

Post office savings schemes that offer income tax benefits
6 years, 5 months ago

Post office savings schemes that offer income tax benefits

Live Mint  

As part of the quarterly revision in interest rates of small savings schemes, the interest rates for these schemes saw a sharp hike for the October to December quarter. For example, the interest rates for the public provident fund, 5-year post office deposit scheme, National Savings Certificate, Sukanya Samriddhi Account Scheme and Senior Citizen Savings Scheme have been hiked sharply …

Govt hikes interest rate on NSC, PPF, other small savings schemes by up to 0.4% for October-December quarter
6 years, 5 months ago

Govt hikes interest rate on NSC, PPF, other small savings schemes by up to 0.4% for October-December quarter

Firstpost  

Public Provident Fund and National Savings Certificate will fetch an annual interest rate of 8 percent as compared to existing 7.6 percent, while Kisan Vikas Patra will yield 7.7 percent and mature in 112 months as against 118 months in the previous quarter. The move, Finance Minister Arun Jaitley said in a tweet is aimed at supporting small savers as …

Sukanya Samriddhi Yojana: New rules, features explained in 10 points
6 years, 6 months ago

Sukanya Samriddhi Yojana: New rules, features explained in 10 points

Live Mint  

The government recently amended the rules for Sukanya Samriddhi account to lower the amount required for opening the popular girl child savings scheme. 2) The minimum annual deposit requirement, or the minimum amount required to be deposited in Sukanya Samriddhi account every year, has also been lowered to ₹ 250, from ₹ 1,000 earlier. 3) The interest rate on Sukanya …

Sukanya Samriddhi account: In new rule, minimum deposit amount slashed
6 years, 7 months ago

Sukanya Samriddhi account: In new rule, minimum deposit amount slashed

Live Mint  

The minimum yearly deposit required under the popular girl child savings scheme, Sukanya Samriddhi Yojana, has been lowered so that more people can benefit from this scheme. The government has amended the Sukanya Samriddhi Account Rules, 2016, stating that the minimum initial deposit to open the Sukanya Samriddhi account would also be ₹ 250, the report added. The interest rate …

Govt slashes minimum annual deposit requirement for Sukanya Samriddhi account to Rs 250 from Rs 1,000 earlier
6 years, 7 months ago

Govt slashes minimum annual deposit requirement for Sukanya Samriddhi account to Rs 250 from Rs 1,000 earlier

Firstpost  

The interest rate on Sukanya Samriddhi account is revised every quarter, just like other small savings schemes and PPF. New Delhi: The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana to Rs 250 from Rs 1,000 earlier, a move that will enable more number of people to take advantage of the girl child …

Sukanya Samriddhi Account: Minimum annual deposit requirement slashed to Rs 250
6 years, 7 months ago

Sukanya Samriddhi Account: Minimum annual deposit requirement slashed to Rs 250

India TV News  

In a move that will encourage more people to take the advantage of Sukanya Samriddhi Yojana, a deposit scheme meant for the girl child, the government has slashed the minimum annual deposit requirement to Rs 250 from the previous Rs 1000. The government has amended the Sukanya Samriddhi Account Rules, 2016, to state that the minimum initial deposit to open …

Sukanya Samriddhi Yojana is a better investment than PPF-IndiaTV News
10 years ago

Sukanya Samriddhi Yojana is a better investment than PPF-IndiaTV News

India TV News  

New Delhi: The Sukanya Samriddhi Yojana could offer a better alternative if you are planning to invest in the PPF and fixed deposits for your little daughter's education or marriage. While the PPF offers 25 basis points higher than the yield of 10-year government bonds, SSY offers 75 basis points higher than 10-year government bond yield for the previous year. …

Centre launches special deposit scheme for the girl child
10 years, 3 months ago

Centre launches special deposit scheme for the girl child

India TV News  

New Delhi: To help channelise small savings, government has launched a special deposit scheme for girl child -- Sukanya Samriddhi Account-- which can be opened in banks and post offices and half of the funds can be withdrawn for her higher education and marriage. Under the scheme, an account can be opened in the name of a girl child up …

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