Sukanya Samriddhi Account News

Seeing their daughter independent and being able to do whatever she wishes to in her life is every parent’s dream, and with Sukanya Smariddhi Yojana, you might make it easier for her to achieve that. In this video, we explain this scheme for you. 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. Under Sukanya Samriddhi Yojana, a girl’s name account can be opened for a term of 21 years in any private or governmental bank. The investment term for SSY is 21 years from the opening date of the account. #sukanyasamriddhiyojana #betibachaobetipadhao #socialsecurity #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

You can open a Sukanya Samriddhi Yojana Account in any authorised bank branch or a post office branch.

Sukanya Samriddhi Account can be opened at any India Post office or branch of authorised commercial banks in the name of the girl child

To make the most out of your small savings instruments, start with looking at your asset allocation and see how much you need in the fixed income category

Income from investment in a child's name gets clubbed with the parents' income and gets taxed accordingly

Rates on schemes such as PPF, KVP, NSC, SSS increased by 40 bps for December quarter

Sukanya Samriddhi offers a tax free annual interest of 8.1% compounded annually

Interest from PPF and Sukanya Samriddhi Account has to reported under 'others' in Schedule EI of the tax return or in exempt income line item

Under new rules, the minimum account required to open a Sukanya Samriddhi account has been brought down to ₹250.The minimum amount to be deposited in a Sukanya Samriddhi account every year has also been lowered

Some of post office saving schemes also offer income tax benefits under Section 80C of the Income Tax Act, according to India Post