Tuesday, March 3, 2015

Sukanya Samruddi Pathakam for Girls Central Govt.

Sukanya Samriddhi Account for Girls Central Govt. Scheme

  1. Scheme launched by P.M. Narendra Modi on 22 January 2015 for girl child.The notification details are Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme will be governed by ‘Sukanya Samriddhi Account Rules, 2014
  2. Under the scheme, an interest of 9.1 per cent is provided on deposited amount which is tax free ( 80C ).
  3. The account under this scheme a saving account can be opened by the parent or legal guardian of a girl child of less than 10 years of age (born on or after: 02-12-2003; For Fincial Year  2014-15) with a minimum deposit of Rs. 1,000/- in any Post office or authorised branches of commercial Bank.
  4. Partial withdrawal up to 50 per cent of the account balance is allowed to meet education expenses of the girl child till she attains 18 years of age. The account will remain operative for 21 years from the date of opening of the account or till marriage of the girl child. 
Document required for opening Sukanya Samriddhi account

  1. 1.Birth Certificate of Girl Child
  2. 2.Address Proof
  3. 3.Identity Proof.

 Features of Acoount  :
  1. Minimum deposit amount for this account is Rs.1,000/- and maximum isRs. 1,50,000/- per year
  2. Passbook facility is available with Sukanya Samriddhi account.
  3. Per girl child only single account is allowed. 
  4. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child
  5. Money to be deposited for 14 years in this account.
  6. From FY 2015-16 the interest earned on account will be tax exempted. As per Finance Bill 2015-16.