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Sukanya Samriddhi Account

Sukanya Samriddhi Scheme #1 Eligibility 1. Girl Child 2. Child should be Indian Citizen 3. Child can be maximum 10 years old. As grace period for this year, girl child born on or after 2nd December 2003, can also open account till 1st December 2015 #2 Deposit Limit 1. Minimum Rs 1000/- p.a 2. Maximum Rs 1.50.000/- p.a 3. Deposit can be done in multiples of 100 #3 Who can Open & Operate the Account 1. Parent or Legal Gauridan can open account & operate until the girl child reaches 10 years of age 2. Once 10 years old the girl child can choose to operate the account herself. #4 Time Limits in the Scheme. I. Deposit till 14 years from opening of account 2. Account Maturity at 2lyears from opening 3. Premature withdrawal of 50% deposit allowed when girl child reaches 18 years of age 4. Account closes on maturity, or marriage of girl child whichever happens earlier #5 Rate of Interest I, Rate of Interest is Flexible 2. It will be declared by Government of India every year as applicable 3. For current year Rate of Interest is 9.1% p.a 4. Interest is compounded annually, same as PPF #6 Tax Implications 1. Deposit made is eligible for deduction u/s 80C 2. Maturity amount is tax free 3. Proposed to make interest amount also tax free #7 Documents required to Open Account 1. Birth certificate of the girl child 2. Identity proof of the depositor 3. Residence proof of the depositor Where can you open the account 1. Account can be opened at all public sector banks and all post #8 WHERE ??? offices 2. Currentty only post offices have started opening account 3. Most banks will be starting the scheme soon #9 Trasferibilty of Account & Penalty 1. Account can be transferred across India anywhere, by providing change of residence proof 2. If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a pendlty of Rs 50/- per year with minimum amount required for deposit for that year #10 Account Limitations Only I account can be opened per Girl Child Parents can open account maximum of 2 accounts only. I for each 4 daughter 3 Maximum 3 accounts can be opened if 3 parents have triplet daughters in Ist birth or twin daughters in 2nd birth © http://sukanyasamriddhiaccount.in powered by Piktochart make information beautiful

Sukanya Samriddhi Account

shared by pads on Mar 04
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Brief overview of the Sukanya Samriddhi Account. This infographic outlines the salient features of this newly launched scheme. This is a good scheme for Indian citizens, looking to invest for their '...

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