Maximum and Minimum Amount can be deposited in Sukanya Samriddhi
Recently, Indian government has launched a new scheme which is names as “sukanya samriddhi yojana”. This has been launched by the prime minister Mr. Narendra Modi in order to improve the level of education among the girls. The arrangement has well been known by the masses in the wake of the financial safety and independence, it would deliver to the girl child as well as their mother & father.
Sukanya Samriddhi Yojana delivers a little deposit investment for the girl kids as an initiative under ‘Beti Bachao Beti Padhao’ promotion. One of the main advantages of the scheme is that it is pretty reasonable and delivers one of the highest charges of interest. Presently it is set at 9.2% every year for FY 2015-16 and also SSAY is underneath the Income tax Act 1961, section 80C.
Maximum and Minimum contribution: In a Sukanya Samriddhi Account, at least of one thousand rupees has to be deposited each year and the upper limit is Rs. 1.5 lakh. And there is no boundary on the number of deposits either in a month or in an economic year. In a situation of PPF, a person, but has to deposit a small of five hundred in a financial year, whereas the maximum boundary is Rs. 1,50,000. And deposits can be completed in twelve portions.
This means you have the option of depositing between Rs 1000 and Rs 1.5 Lakhs. You can deposit any amount of money between these two ranges in a financial year.
Eligibility: A Sukanya Samriddhi can be opened by the parents in the name of a girl kid till she gets the age of 10 years. Solitary one account is permitted every girl child. Guardians can open this scheme for a maximum of 2 children.
Bound: Parents can open PPF accounts in the name of youths, but a high of Rs. 1.5 lakh can be placed every year, counting all the accounts. In circumstance of Sukanya plan, upper limit of Rs. 1.5 Lac can be deposited every account.
Account Opening: One can easily get the benefit of this new yonja with just a sum of 1000rs per month, and if someone fails to submit the amount of 1000rs in a month then he or she is fined with Rs. 50 yearly. This scheme will give one the benefit over the incometax. One can easily make a deposit of 1 lack 2000 per year in order to gain income tax.
Maturity: The Sukanya scheme can be locked afterward the girl name the account was finishes the age of twenty-one. If the girl child account is not closed the age of twenty-one, after that age, the balance will endure to make interest as defined in the scheme from time to time. The maturity duration of a PPF is 15 years, however, it can be long of 5 years.