Sukanya Samriddhi Yojana - Description
Greetings to all, today we are going to upload the Sukanya Samriddhi Yojana PDF to assist you all. The Sukanya Samriddhi Yojana scheme aspires to the betterment of girl children in the country.
Sukanya Samriddhi project has been projected to offer a means of saving to the girl child in every family. Tenure of SSY is 21 years from the date of the beginning of the account or till the wedding of the girl after she reaches the age of 18 years.
Sukanya Samriddhi Yojana PDF – Information
| 1 | Interest rate | 7.60% p.a. |
| 2 | Investment Amount | Minimum – Rs.250, Maximum Rs.1.5 lakh p.a. |
| 3 | Maturity Amount | Depends on the invested amount |
| 4 | Maturity Period | 21 years |
Sukanya Samriddhi Yojana (SSY) scheme was launched by Prime Minister Narendra Modi under the Beti Bachao Beti Padhao campaign with the main aim of securing the future of a girl child. The main benefits of the SSY scheme are mentioned below:
- The interest rate was reduced from 8.4% to 7.6%
- Tax benefits of up to Rs.1.5 lakh
- The account can be transferred
Investments made towards the scheme can be used for the girl child’s marriage and education. An SSY account can be opened at banks and post offices. Under Section 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are provided for contributions made towards the scheme.
Sukanya Samriddhi Yojana PDF- Interest Rate
Currently, the interest rate of the SSY scheme was reduced from 8.4% to 7.6% and it is compounded every year. Interest is not payable once the duration of the scheme is completed or if the girl becomes a Non-resident Indian (NRI) or a non-citizen. The rate of interest is decided by the government and is determined every quarter.
The rate of interest that has been offered by the scheme is mentioned in the table below:
| Duration | Rate of interest (%) |
|---|---|
| April 2020 onwards | 7.6 |
| 1 January 2019 – 31 March 2019 | 8.5 |
| 1 October 2018 – 31 December 2018 | 8.5 |
| 1 July 2018 – 30 September 2018 | 8.1 |
| 1 April 2018 – 30 June 2018 | 8.1 |
| 1 January 2018 – 31 March 2018 | 8.1 |
| 1 July 2017 – 31 December 2017 | 8.3 |
| 1 October 2016 – 31 December 2016 | 8.5 |
| 1 July 2016 – 30 September 2016 | 8.6 |
| 1 April 2016 – 30 June 2016 | 8.6 |
| From 1 April 2015 | 9.2 |
| From 1 April 2014 | 9.1 |
you can download the Sukanya Samriddhi Yojana PDF by clicking on the link given below.