Sukanya Samriddhi Yojana (SSY) is a scheme implemented by the Ministry of Women and Child Development of India, which aims at providing financial assistance to women who want to achieve higher education. The government has launched this scheme in order to encourage women’s education and empowerment.
Sukanya Samriddhi Yojana Scheme
Sukanya Samriddhi Yojana (SSY) is a scheme that encourages parents to save for their daughters’ education. It was launched in 2015 by the central government and has since been extended to other states as well.
The scheme provides interest rates of up to 8% per annum on deposits made by individuals into the Sukanya Safe Deposit Saving Scheme Account (SSA) with a bank or post office until maturity, which can be withdrawn at any time after 5 years from the maturity date.
Sukanya Samriddhi Yojana Details
Sukanya Samriddhi Yojana (SSY) is the best option for you if you want to invest in your child’s education. It is an interest-free loan scheme and it provides a lump sum amount every year which can be used as capital or withdrawn at any time. This scheme also has no lock-in period, meaning that all your children will get this benefit even after they leave college.
Sukanya Samriddhi Yojana – SSY Calculator
Sukanya Samriddhi Yojana (SSY) is a scheme that helps in getting the benefits of the government’s schemes and programs. The scheme also allows you to invest your money in various other financial products like mutual funds and FDs.
Sukanya Samriddhi Yojana Calculator – How to Calculate Interest on Sukanya Samriddhi Yojana?
To calculate interest on SSY, you will need to know the following:
- The interest rate offered by your bank/financial institution for investing this amount in the Sukanya Yojana plan.
- A number of years remaining before the maturity date of your Sukanya Yojana Plan.
Sukanya Samriddhi Yojana Benefits
Sukanya Samriddhi Yojana is a government scheme to encourage parents to save for their daughters’ education. The Sukanya Samriddhi Yojana is a savings scheme for the girl child. It was launched by Prime Minister Narendra Modi on 22nd January 2015 by the Government of India.
The objective of this program is to provide an opportunity and incentive to educate girl children in rural areas by providing financial support through tax-free interest on bank deposits up to Rs 1 lakh per year at an interest rate of 8%. The amount deposited in the SSY account can be withdrawn only after the girl turns 18 years old. However, it may be used for higher education and marriage expenses as well if needed.
Sukanya Samriddhi Yojana Online
To open an SSY account, you need to fill in the form.
To take the help of Sukanya Samriddhi Yojana online, you can visit any post office or bank branch and submit the required documents.
Features of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is a long-term savings scheme for the girl child. It was launched in 2015 to encourage parents to save for their daughter’s education and marriage.
The scheme offers interest on the deposit amount by way of a bonus, which can be withdrawn only after maturity at the rate of 8% per annum (for amounts up to Rs 2 lakh), 10% per annum (for amounts up to Rs 3 lakh) or 12% per annum (for amounts between Rs 3 lakh and Rs 5 lakh).
Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana is a government scheme that provides interest-free loans to women below the age of 35 years. The scheme was launched in 2015 and has been receiving great responses from people across the country.
The Sukanya Samriddhi Yojana Calculator helps you calculate your total amount sanctioned by the bank or financial institution under the SSY scheme. It also provides information about your eligibility status, applicable interest rate, duration of repayment cycle, and other details like whether there are any additional requirements for availing of this benefit
Sukanya Samriddhi Yojana Interest Rate
Sukanya Samriddhi Yojana Interest Rate Calculator – The interest rate on Sukanya Samriddhi Yojana is calculated by the bank and can be found on their website.
The interest rates of various banks are different, so it is important for you to check the details before applying for a loan or investment product.
Sukanya Samriddhi Yojana Post Office
You can open a Sukanya Samriddhi Yojana Post Office account. It is a savings account for women who have been allotted cashless, self-employment pensions under the scheme. You can also deposit money in this bank account for investment purposes or for future use on payment of your daughter’s dowry or marriage expenses.
The government has launched this scheme to provide financial assistance to economically backward women and widows who are unable to meet their daily needs due to various reasons like old age, illness, etc.,
Documents required to open an SSY account
To open an SSY account, you will need to submit the following documents:
- A photocopy of your Aadhaar card or other valid identity proof.
- The original KVPY application form with your signature and photograph scanned/photocopied on it. This can be downloaded from https://www.kvpyfinance.gov.in/. You need not submit this form again if you are already holding a KVPY passbook with the same address as in your Aadhaar card (provided that they are different).
- Two passport-size photographs along with attested copies of all pages of both passports with details such as name, date of birth and gender, etc., if any; these must be affixed on separate sheets of plain white paper without any watermarks or text marks visible on them:
- (i) One photo should be taken at least 250 mm away from the camera lens while another should be well-lit so that it has the contrast between light colors like whites/blacks, etc., which makes it easier for scanning by computer software later on when reading out information stored inside each picture frame
- (ii) You may use any white background colour as long as there are no other objects placed behind or next to where you stand against the black background wall/ceiling, etc., which would make reading difficult due to most likely moving around during the scanning process since light source changes constantly throughout day time hours depending upon weather conditions outside during winter months, etc.;
Sukanya Samriddhi Yojana Eligibility
The scheme is open to all Indian citizens, who are married and have reached the age of 18 years. The above-mentioned eligibility criteria also apply to unmarried women.
How to fill out an SSY account form for a post office?
- Fill out the SSY account form in English
- Attach the required documents (see below)
- Submit the form at your nearest post office for submission of the enrolment and claims form. The Post Office will give you a receipt
How to transfer Sukanya Samriddhi account from Post Office to Bank?
You can transfer your Sukanya Samriddhi account from Post Office to Bank. The steps are as follows:
- Visit the nearest post office and fill up Form 7/20A or Form 8A with all details about the new account (like account number and branch). If you don’t have any of these forms, then write down your bank details on an unused sheet of paper.
- Present this form along with proof of identity (driving license or passport) and one piece of photo I-card issued by RBI that has been affixed by a notary public or an authorized officer of RBI in case they ask for it at any time later on during the transfer process.
- Now go to your nearest bank branch where you want to open a new account using this same form 7/20A or 8A filled out properly with the correct details mentioned above along with photocopies of documents mentioned above.”
This article briefly describes the benefits of the government’s scheme Sukanya Samriddhi Yojana.
Sukanya Samriddhi Yojana is a scheme introduced by the government of India to help parents save for their daughters’ education. It provides interest-free loans of up to 2 lakh rupees (US$31,000) at 0% per annum to girls who have completed 12 years in school and are studying in class 10 or above. The scheme provides additional benefits if you have other children too; you can get an interest-free loan of up to 2 lakh rupees (US$31,000) towards the education costs of your son/daughter as well!
Sukanya Samriddhi Yojana is a government scheme to encourage parents to save for their daughters’ education; it is an interest-free loan scheme. It was launched in 2015 to encourage parents to save for their daughter’s education and marriage.
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