Sukanya Samridhi SCHEME
An
initiative by honorable Prime Minister - Shri Narendra Modi
 |
Conception of “Sukanya Samridhi Scheme” was done this year to
provide every girl child with a better education and life ahead.
Features of Scheme:
1) Account can be opened at Banks (28 banks authorized by RBI) OR Post Office.
2) Account can be open by depositing an amount of Rs. 1000/- and it can go up to Rs. 1.50 lacs a year.
3) Once the account is opened, amount with the multiples of 100 can be deposited.
4) In a year at least Rs. 1000/- need to be deposited.
5) For Fiscal year 2015 – 16 the rate is 9.2 %.
6) Government will declare the revised rate every fiscal year.
7) Money to be deposited till 14 years from the date of opening account.
8) SSA can be opened from the birth of girl child till she attains the age of 10.
9) Kids born after December 2003 can have a SSA.
10) SSA is not for NRIs.
11) Money can be withdrawn either for Education OR Marriage.
12) Partial withdrawal is allowed only when the age of girl is 18, for Education or Marriage.
13) Account gets mature by 21 years from the date of opening.
14) Government will pay interest even after the scheme gets mature till it is closed voluntarily.
15) Account can be closed if it is proved that the account is bringing hardship to parents / guardians.
16) Person will get the total deposited amount + the interest amount also.
17) In case of premature demise of account holder, the account will be closed.
18) Girls can manage the account from the age of 10.
19) No online transfer available for depositing the amount.
20) Amount to be deposited either by cash / Cheque or DD.
21) A passbook will be issued for the account, no other document is given for it.
22) SSA can be open for two daughters only.In exceptional case, such as a couple having a daughter becomes parents of twin daughters the second time OR a couple are bless with triplets can open SSA for all the three.
23) Either a mother OR father can avail the tax exemption under 80/c.
24) It falls under EEE tax category i.e. contributions, accumulation (interest amount) and withdrawal all are exempted from income tax.
1) Child’s birth certificate
2) Parent / Guardian’s PAN card and address proof
List of Authorized Banks
Allahabad Bank
Andhra Bank
Axis Bank Limited
BoB – Bank of Baroda
BoI – Bank of India
Bank of Maharashtra
Canara Bank
CBI – Central Bank of India
Corporation Bank
Dena Bank Limited
ICICI Bank Limited
IDBI Bank Limited
Indian Bank
IOB – Indian Overseas Bank
OBC – Oriental Bank of Commerce
P&SB – Punjab & Sind Bank
PNB – Punjab National Bank
SBBJ – State Bank of Bikaner and Jaipur
SBI – State Bank of India
SBH – State Bank of Hyderabad
SBM – State Bank of Mysore
SBP – State Bank of Patiala
SBT – State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
Pen Whizz
