The below is just an addition to your knowledge about SSA (sukanya samriddhi account).
After going through the whole sukanya samriddhi account scheme I noticed some imp points which one should think on before opening it.
1. The interest rate in this account is 9.20% (Rates may change every year) which is highest compared to all such small schemes.
2. U can deposit money till 14 years from the date of opening an account. I.e. date of account opened :- 1-4-2015 then u can deposit till 1-4-2028.
3. Maturity of account is after 21 years from the date of opening of account. I.e. date of account opened:- 1-4-2015 then maturity date is 1-4-2035, till that time u cannot withdraw money except in two cases as follows:-
a.) if the girl turns to 18years old then 50% of balance can be withdrawn.
b.) on the occasion of marriage u can withdraw whole amount and close the account.
4. Min deposit of Rs.1000 per year is compulsory.
5. Amount deposited in this account is exempt u/s 80c which totals to Rs.1,50,000/- (maximum) for F.Y. 2015-16.
6. Income received through this account is also Tax free.
Jj.Jaiho.
After going through the whole sukanya samriddhi account scheme I noticed some imp points which one should think on before opening it.
1. The interest rate in this account is 9.20% (Rates may change every year) which is highest compared to all such small schemes.
2. U can deposit money till 14 years from the date of opening an account. I.e. date of account opened :- 1-4-2015 then u can deposit till 1-4-2028.
3. Maturity of account is after 21 years from the date of opening of account. I.e. date of account opened:- 1-4-2015 then maturity date is 1-4-2035, till that time u cannot withdraw money except in two cases as follows:-
a.) if the girl turns to 18years old then 50% of balance can be withdrawn.
b.) on the occasion of marriage u can withdraw whole amount and close the account.
4. Min deposit of Rs.1000 per year is compulsory.
5. Amount deposited in this account is exempt u/s 80c which totals to Rs.1,50,000/- (maximum) for F.Y. 2015-16.
6. Income received through this account is also Tax free.
Jj.Jaiho.
| Sukanya Samriddhi Calculator | ||||||
| Year | Age of Girl Child | Opening Balance | Contribution Per Month | Contribution Per Annum | Rate of Interest 9.2% | Closing Balance |
| 2015 | 1 | - | 1000 | 12,000 | 600 | 12,600 |
| 2016 | 2 | 12,592 | 1000 | 12,000 | 1,850 | 26,442 |
| 2017 | 3 | 26,329 | 1000 | 12,000 | 3,114 | 41,443 |
| 2018 | 4 | 41,316 | 1000 | 12,000 | 4,493 | 57,809 |
| 2019 | 5 | 57,668 | 1000 | 12,000 | 5,997 | 75,665 |
| 2020 | 6 | 75,507 | 1000 | 12,000 | 7,639 | 95,146 |
| 2021 | 7 | 94,969 | 1000 | 12,000 | 9,429 | 116,398 |
| 2022 | 8 | 116,203 | 1000 | 12,000 | 11,383 | 139,586 |
| 2023 | 9 | 139,369 | 1000 | 12,000 | 13,514 | 164,883 |
| 2024 | 10 | 164,643 | 1000 | 12,000 | 15,839 | 192,482 |
| 2025 | 11 | 192,217 | 1000 | 12,000 | 18,376 | 222,593 |
| 2026 | 12 | 222,300 | 1000 | 12,000 | 21,144 | 255,444 |
| 2027 | 13 | 255,121 | 1000 | 12,000 | 24,163 | 291,284 |
| 2028 | 14 | 290,929 | 1000 | 12,000 | 27,457 | 330,386 |
| 2029 | 15 | 329,995 | - | - | 30,030 | 360,025 |
| 2030 | 16 | 360,024 | - | - | 32,762 | 392,786 |
| 2031 | 17 | 392,787 | - | - | 35,744 | 428,531 |
| 2032 | 18 | 428,530 | - | - | 38,996 | 467,526 |
| 2033 | 19 | 467,526 | - | - | 42,545 | 510,071 |
| 2034 | 20 | 510,071 | - | - | 46,416 | 556,487 |
| 2035 | 21 | 556,488 | - | - | 50,640 | 607,128 |
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