The minimum deposit is Rs. Rate of interest at the moment is 8.5 per cent, per annum for this particular year. Sukanya Samriddhi Yojana is a govt scheme for the girl Child however very few people know that sukanya samriddhi account can be opened in post office as well. One can deposit any number of times in a financial year i.e. However, it is done to make people stay invested in. (previously it was Rs. 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What this means is that not only dies the instrument give you tax benefit under Sec 80C of Income Tax Act, but the interest amount is also exempted from tax. How To Transfer Sukanya Samriddhi Account From Post Office To Bank? Sukanya Samriddhi Account can be opened at any India Post office or branch of authorised commercial banks in the name of the girl child Simply walk up to any official available in post office, fill up the form, make deposit and receive the passbook. Also, don’t forget to carry the original identity proof for verification purpose. LVB To Operate As DBS Bank From Friday; Equity Write Off Clause Remains As Though, Cabinet Approves LVB Takeover By DBS, Shares Jump 5%, HDFC Life Stands With Dabbawalas Of Mumbai With #PromiseWalaDabba Campaign, Tax Free under Sec 80C (Rs 1.5 lakhs per year). The account matures at the end of a period of 21 years from the date of opening or each time the girl gets married, whichever comes first, subject to the following conditions: It is also provided that when the marriage of the account holder takes place before the expiration of this period of 21 years, the functioning of the account will not be authorized beyond the date of her marriage. However, the pick up from banks and post office is slow. To Start receiving timely alerts please follow the below steps: For investment related articles, business news and mutual fund advise. Up Next. This is a initial step by the government, we can expect some major benefits and features in future. The major disadvantage of the account is the lock in period. The girl child needs not to visit during the account opening procedure. Sukanya Samriddhi Yojana Account Opening from the post office is no Differ the Open Sukanya Samriddhi Account in HDFC or in any bank for that matter. 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What is The Difference Between Sukanya Samriddhi and PPF? How To Open Sukanya Samriddhi Account in a Post Office, The governments move to encourage girl education and save funds for them has got a tremendous resp There are many post office and banks which are not yet aware of the Sukanya Samriddhi Yojana Account. To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar. So just have to download the Application form, Print this Application form and then submit the Applicatin form to the Post office where you want to Open Sukanya Samriddhi Account. What Is The Best Way To Invest Small Amounts Every Month For Your Daughter? 1,50,000. How to open Sukanya Samriddhi Yojana account in a post office? So, have patience and wait for them. 250. Initial Deposit for Sukanya Samriddhi Yojana in post office Here is the process. This account has … You can contact any post office, branch of Nationalised/commercial bank and open account in the name of girl child upto age of 10. Romantic Places for Couples To Visit In India This Holiday Season, CSEET Result 2020: ICSI Releases CS Executive Entrance Test CSEET November 2020 Result. The government's initiative to encourage a girl child’s education and being able to save funds for them has received a tremendous response through the Sukanya Samriddhi and is indeed commendable. Sukanya Samriddhi Account: Check The Disadvantages Before Investing, Interest Rates on Sukanya Samriddhi, PPF and NSC for FY 2015-16. How To Open a Sukanya Samriddhi Account in a Post Office? India Post, Ministry of Communication & Technology Sukanya Samriddhi Account JavaScript is a standard programming language that is included to provide interactive features, Kindly enable Javascript in … As of now there is no loan facility and online facility. How to Open Sukanya Samriddhi Account in SBI? A parent or legal guardian can open an account in the name of the girl child. One needs to download the form and fill in the necessary details, carry all mentioned document along with photograph and submit at the post office. A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification. You can’t open a Sukanya Samriddhi Account online in a post office. At maturity, the balance, including overdue interest in the account, will be payable to the account holder upon production of the withdrawal slip with the passbook. Which is Better Option? How to Open Sukanya Samriddhi Account in Post Office? There are chances that some of the post offices may not be still aware of the scheme. Currently only post offices are accepting to open Sukanya Samriddhi Account.