SUKANYA SAMRIDDHI YOJANA – A VERY GOOD INVESTMENT FOR THE GIRL CHILD By CA Yashaswini Amin

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#NRIMONEYCLINIC #SSY #SukhanyaSamriddhiYojana

YASHASWINI K AMIN C A

Practicing Chartered Accountant
Email : cayaka17@gmail.com

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SUKANYA SAMRIDDHI YOJANA

Launched In 2015
Part Of Beti Bachao Beti Padao
For Education Of Girl Child
For Marriage Of Girl Child

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SUKANYA SAMRIDDHI YOJANA

WHO IS ELIGIBLE TO INVEST ?

Resident Individuals Only
Parents With Girl Child
Up To Age 10 Of Girl Child
One Parent Can Open Up To Two Accounts
Exception To Rule In Case Of Twins/Triplets

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SUKANYA SAMRIDDHI YOJANA

WHERE TO OPEN THE ACCOUNT ?

Nearest Bank Branch
Nearest Post Office

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HOW MUCH CAN YOU INVEST ?

Minimum Rs 250 To Start The Account
Maximum Rs 1.50 Lakhs
Every Year You Must Invest
Scheme Will Be Valid Till Age 21 Of Child

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WHAT IS THE RATE OF INTEREST ?

It Is A Special Govt Of India Program
Special Interest Rate Notified By Govt Every Year
Current Interest Rate @ 7.1%
Interest Rate Compounded Annually

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CAN NRI INVEST ?

NRIs Are Not Eligible To Invest In This Scheme
If Child Is A Resident Indian, Eligible
If Child Becomes NRI , Banks Need To Be Notified
If Child Becomes NRI , Interest Credits Will Stop

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SUKANYA SAMRIDDHI YOJANA

HOW TO WITHDRAW ?

Premature Withdrawal Not Possible
Withdrawal Only For Education Or Marriage
Up To 50 % Can Be withdrawn For Education At Age 18
At Age 21, The Full Amount Can Be Withdrawn

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FLEXIBILITY OF ACCOUNT

Account Can Be Migrated To Any Place In India

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WHAT ARE TAX BENEFITS ?

Scheme Has EEE Benefits
Up To 1.5 Lakhs Is Eligible Under 80C
Interest Earned Is Tax Free
Maturity Proceeds Are Tax Free

To know more about our business and our business model please watch the below video

https://youtu.be/LXbjrURY_48

Our Website: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472

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