SUKANYA SAMRIDDHI ACCOUNT
Sukanya Samriddhi Account Yojana is recently launched by Prime Minister Narendra Modi. Sukanya Samriddhi scheme is predominantly launched as a part of “Beti Bachao Beti Padhao campaign”. Sukanya Samriddhi is small deposit scheme for the girl child.
Sukanya Samriddhi Account – Saving Scheme for Girl Child
- Sukanya Samriddhi Account can be opened at Post office or at designated bank branches.
- This account can be opened for girl child on her name by her parents.
- The age of the girl at the time of opening account should not be more than 10 years.
- For the current financial year government has declared 8.6 interest (FY 2016-17)on this scheme.
- Investment in this scheme will also give income tax benefit under section 80C.
- Minimum deposit amount under this scheme is 1000 Rs/- and maximum is 1.5 Lac per annum.
- Money must be deposited for 14 years.
- The maturity of the account is 21 years from the date of opening of the account or as girl child gets married whichever is earlier.
- Although money deposit is not require from 14 years onwards government shall pay interest on this scheme up to 21 years (maturity).
- 50% withdrawal is allowed for the higher study of girl child after 18 years of age.
Also Read – Sukanya Samriddhi Account – Review, Features & Benefits
If you are looking for good returns with zero risk “Sukanya Samriddhi Account” is for you. This scheme offers tax-free maturity returns.
Sukanya Samriddhi Account – Calculator
Sukanya Samriddhi account can help you to create a big corpus for your girl child, which can be helpful for her education or marriage. Let us see what returns this scheme will actually offer to investors.
Example 1:-
Monthly Investment – 12,500 Rs/-
Rate of Interest – 9.2%
Investment Period – 14 years
Maturity Amount – 76.97 Lac
Download Excel Calculator – Version 1
Sukanya Samriddhi Scheme Calculator – Version 2
Also Read – 7 Shortcomings of Sukanya Samriddhi Account
Example 2:-
Yearly Investment lump sum – 1.5 Lac (Starting of year)
Rate of Interest – 9.2%
Investment Period – 14 years
Maturity Amount – 80.06 Lac
Assumptions: –
- Sukanya Samriddhi Account is opened on the birth of girl child. Age -1 Year.
- Interest rate remains constant for 21 years i.e -9.2%
- Yearly contribution is made at the beginning of the financial year in the month of April every year.
- No withdrawal is made from Sukanya Samriddhi Account throughout 21 years
- It is not mandatory to contribute fix amount in this account, although for illustration fixed contribution is taken
You can download this calculator from here.
New Calculator for Sukanya Samriddhi Account is added based on the request of readers. Features of New Calculator is given below.
- Option to select Interest rate every year.
- Option to input investment amount for every month or every year.
As the interest rates will change every year provision is made in New Calculator to specify interest rate every year. This New calculator will give exact information about maturity value of Sukanya Samriddhi Account.
Also Read – How to know your Gratuity Benefits – Calculator Download
Who can open this account?
Sukanya Samriddhi Account can be opened by parents or legal guardian of girl child up to 10 years of age. You can open this account if your daughter is born on or after December, 2, 2003.
Documents required for Sukanya Samriddhi Account
- Birth certificate of girl child
- Address proof
- Identity proof, Residence proof
- Two photographs of legal guardian
NRI Can open this account?
It is not clear that NRI (Non-Resident Indians) are allowed to invest in this scheme or not. However as NRI’s are not allowed invest in any small saving schemes of post for this scheme also it will not be allowed. I will update this post as soon as I get information about this.
Online Money Deposit in Sukanya Samriddhi Account is allowed?
Facility of Online money deposit is not available in Sukanya Samriddhi Account.You need to deposit money either by cheque, cash or by demand draft.
Note :- Recently interest rate applicable on Sukanya Samriddhi Account is revised by the government. The new interest rate on SSA will be 8.6 %(For FY 2016-17 – First Quarter).
To download Sukanya Samriddhi Account application from CLICK HERE
Also Read – Sukanya Smariddhi Account – Saving Scheme for Girl Child
Where to Open Sukanya Samriddhi Account?
This account can be opened at the post office or other authorized banks.RBI released circular authorizing 28 banks to open SSA. You can open SSA account in to bank which are authorized to open PPF account. List of Bank authorized to Open Sukanya Samriddhi Account is given below.
- State Bank of India
- State Bank of Patiala
- State Bank of Bikaner & Jaipur
- State Bank of Travancore
- State Bank of Hyderabad
- State Bank of Mysore
- Andhra Bank
- Allahabad Bank
- Bank of Baroda
- Bank of India
- Punjab & Sind Bank
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- Indian Bank
- Indian Overseas Bank
- Punjab National Bank
- Syndicate Bank
- UCO Bank
- Oriental Bank of Commerce
- Union Bank of India
- United Bank of India
- Vijaya Bank
- Axis Bank Ltd.
- ICICI Bank Ltd.
- IDBI Bank Ltd.
Difference between Sukanya Samriddhi Account, Public Provident Fund and Fixed Deposit
| Sukanya Samriddhi Account (SSA) | Public Provident Fund (PPF) | Fixed Deposit (FD) | |
| For | For Girl Child Indian Citizen | For Individual Indian Citizen | For Individual Indian Citizen |
| Age Limit | From Birth Up to 10 Years | No age limit. | No age limit. |
| Where to open | Post office and Authorized Banks | Post office and Authorized Banks | All Banks |
| Number of Account | One Account per Girl Child | Each Individual can hold only one account in his name. | No limit. |
| Minimum Contribution | Rs.1,000 | Rs.500 | Rs.500 |
| Maximum Contribution | Rs.1.5 lakhs in all accounts. | Rs.1.5 lakhs in all accounts. | No limit. |
| Interest Rates | 8.60% for fiscal year 2016-17.(First Quarter) | 8.10% per annum for fiscal year 2016-17.(First Quarter) | 7.25% to 9% |
| Tax Benefit on the Contribution | Contributed Amount will be deductible u/s 80C. | Contributed Amount will be deductible u/s 80C. | No Tax Benefit |
| Tax Benefit on the interest earned | Tax Free | Tax Free | No Tax Benefit |
| Time Period of contribution | 14 Years from date of opening account | Minimum 15 years and then in blocks of 5 years. | One Time |
| Maturity | 21 years from the date of opening of account. | 15 years from the fiscal year of opening of account. | Investor Defined at the time of Investment |
| Penalty | Rs.50 per year if minimum contribution is not made. | Rs.50 per year if minimum contribution is not made. | NA |
| Mode of Deposit | Cash or Demand Draft or Cheque | Cash or Demand Draft or Cheque | Cash or Demand Draft or Cheque |
| Premature Withdrawal | Allowed up to 50% for the girl’s higher education and marriage after she attains 18 years of age | No premature withdrawal allowed except in case of death of Investor | Premature Withdrawal allowed – Penalty may be applicable |
| Loan | No loan can be taken on the SSA balance. | Loan can be taken from the third year of opening of account to the sixth year. | Loan can be taken |
| Taxation on Maturity | No Tax | No Tax | Tax as per applicable Slab |
| Calculator | SSA Calculator | PPF Calculator | – |
From above comparison, we can clearly say that Sukanya Samriddhi Account and PPF is one of the Best Investment Option for Indians.
Hope you like this post and you will open Sukanay Samriddhi Account.
As this is a Government of India scheme, you are advised to visit www.nsiindia.gov.in for latest information and updates.
krishna
Can you also mention what is the present value so that people get some perspective? if we do PV on 78.9L/75.89L for 20yrs (assumed avg inflation @ 7%) it will ~20L. Its very good amount if child want to do masters or start off her own business.
bhyrasiddesha
it’s very gud scheme for the girl child who want to live better in their future .nice concept
Dev Makam
Would like to know about online option. Also is their any option to open a account with online.
Daly
My girl child is now nearly 10 yrs old. I need 25 lakhs as maturity amount at her 21 st age. Can you give me the calculation.
Waiting reply.
Selva
As your baby is already 10 years old, you need to pay Rs. 11000 Per month or 1,32,000 a year to get 25L as maturity amount when she turns 21
Girish
Dear Sir,
Please commenton following questions for Sukanya Samriddhi Account
1. If someone can not continue installment after certain yrs for e.g. After 7 yrs hecan not continue
2. What is the case if due to some reason there is accident of child i.e. Health insurance is covered
3. In case of death of Child (Baby Girl)
chandrashekhar N. Gurav
My Duaghter is 1 year old, i will Invest Rs1Lac per year ie. 14Lacs after 14 years . how she will get after 21 years . pls reply me and send me the calclator base final receiving. Thanks.
Chandrashekhar N. Gurav
Raviraj Parekh
Dear Girish,
Answer of your queries is given below:-
1. If someone can not continue instalment after certain yrs for e.g. After 7 yrs he can not continue
If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
2. What is the case if due to some reason there is accident of child i.e. Health insurance is covered
Health Insurance is Not covered.
3. In case of death of Child (Baby Girl)
This account can be closed in case of death of child.
Raviraj Parekh
Dear Chandrashekhar,
If you invest 1 Lac per year in Sukanya Samriddhi Account considering 9.1% interest you will able to accumulate 5,260,509 Rs/- in this account. This amount can be withdrawn by your daughter at 21 year.
Ummed
Hi,my daughter is 3 year old, what amt should I invest to get 50 lac on maturity
Raviraj Parekh
You should invest 1,42000 Rs/- per year to get 50 Lac on Maturity.
vinod kumta
My daughter is 10 yr old. What amount should I deposit to get good returns. I want to know that up to how many years I can deposit.
Safal Rastogi
Hi,
In case of working father and house wife mother, if father is no more in that case, account will continue till 21 Years or Account will be close with immediate effect after payouts to account holders mother.
aman
If rs1000 per month or 12000rs per year is the same thing?
I mean at the end it. Will gain
same interest….
Raviraj Parekh
No provision is made that if father expired account can be closed and money will be handed over to mother.
Raviraj Parekh
Dear Vinod,
Sukanya Samriddhi Account can be opened for girl child only up to age 10. You need to deposit this money up to 14 years.
Regards,
Raviraj
Raviraj Parekh
Dear Aman,
If you deposit 1000 Rs/- per month maturity amount would be 607128 Rs/-
If you deposit 12,000 Rs/- yearly in month of april(starting of year) maturity amount would be 631261 Rs/-
Regards,
Raviraj
nidhi
Hi..This account will be opended in the name of the girl child or the guardian…what all documents or process are required at the time of maturity…..whether presence of the girl child is mandatory
Mythili
Can i pay the full amount 1.5 lac at the end of the year (i.e in Nov or Dec) or should i pay for every month for the account. Please clarify…
Raj
Hi,
My daughter is 5 years old. I want to know till what age of hers i have to deposit the amount.
Secondly, if I opt for monthly deposit pattern, then should the deposit amount to be same for every month or can be more in any of these months.
Pl. reply.
Thanks,
Raviraj Parekh
This account shall be opened on name of girl child by legal guardian. Documents required are ID Proof, Address Proof,Birth Certificate.
Raviraj Parekh
Sukanya Samrridddhi Account offers both options. You can pay full amount 1.5 lac at the end or you can pay every month some amount towards it.
Raviraj Parekh
Dear Raj,
You need to deposit amount up to 14 years from date of opening this account.You have option to select payment method. It is flexible.
Regards,
Raviraj
Raj
Hi,
My daughter is 5 years old. I want to know till what age of hers i have to deposit the amount.
Secondly, if I opt for monthly deposit pattern, then should the deposit amount to be same for every month or can be more in any of these months.
Pl. reply.
Thanks,
suresh ch. sahoo
sir,
if i will deposit yearly 25,000 for 14years after 21 years how much i will get??
another thing please share the diff between ppf and SSy
Venkat
1) Sir I have a girl child but am a state govt servant can I open SSA a/c
2) 50% with drawal after 18 years means 50% of which amount,50% of invested amount or maturity amount?
KARTHIK V
hello sir
i just want small clarification someone ask me that “if the pm modi government change after that the yojana is run or drop ” who administrate this program plz reply me
Ravi
My baby is 9 Yrs old if invest 50,000/- per year up to 14 years then what will be the returns after 18 yrs and 21 years
peer
1. In case of parent (Father) death what will happen.?
2. Can we change the yearly contribution amount.
Example first five years I will pay 1,00,000 Per annum and next five years due to financial situations I will pay only 50,000 per annum and last four years I will pay 1,30,000 per annum. Is it possible.
3. If we totally stop paying the yearly amount after certain period what will happen?
Raj Kumar Ghosh
Dear Sir,
My girl child is of 8 years in Jan 2015. If I deposit Rs.2400 in a year, what would be the maturity amount at the age of 21 years of my child. what will you count, 21 years of opening of account or 21 years of girls child age?
sahar mazhar
My daughter is 3 years old. Please tell me if I deposit 60,000 rs per year at the end of each year. Please calculate and tell me how much amount will I recieve on maturity?…Waiting for reply, thanku…
D k agrawal
Dear sir,
I am an Indian resident and my grand daughter has Americal Citizenship.
Can I open the Sukanya Samridhi account in her name as Gurdian.
Pl adise
Regards
D k agrawal
kamal Sharma
My daughter DOB is 08.07.2003. Is she eligible for sukanya samridhi yojna.
mjsjaya
Sir,
The calculator u had designed would be a great boon for people who are planning to invest in SSA scheme. Hats off to you!
But, I think, the downloaded calculator has some flaws.
In the interest rate column, the values are not changing even if the monthly contribution is changed. Kindly look into it, and rectify it at the earliest.
Thanks,
Jaya
Neetu
My questions are :
1) What will be the total amount I will get after the maturity period if am depositing 60,000 per annum.My daughter is 2 years old so do i need to deposit the amount till she completes 21 years of age i.e. only for 19 years?
2) What if I can not deposit the minimum amount after certain years of age?
Please revert ASAP
Aditya
After Maturity of Policy in whose account will all money will be transferd.
in child name or Parents Name….?
Vivek
Sir
My daughter is 6yrs old how much should I invest to
get Rs 25 lac
Thanks
Raviraj Parekh
Dear Mr.Suresh,
If you deposit yearly 25,0000 Rs/- you will get 13.15 Lac after 21 years on Maturity.
PPF and SSY is similar type of scheme. Currently interest rate applicable on SSY is highest 9.1% on PPF it is 8.7%.
Raviraj Parekh
Dear Venkat,
You can open SSA account on girl child name.You can withdraw 50% of balance amount available with account after 18 years.
Regards,
Raviraj
Raviraj Parekh
Dear Karthik,
You have valid question that what will happen if PM modi government change. Well as per me this yogjna will continue PPF is real example which is running from years together. Multiple government has changed but PPF is continue.
Raviraj Parekh
1. In case of parent (Father) death what will happen.?
This account will continue irrespective of death of parents.
2. Can we change the yearly contribution amount.
Example first five years I will pay 1,00,000 Per annum and next five years due to financial situations I will pay only 50,000 per annum and last four years I will pay 1,30,000 per annum. Is it possible.
You can change yearly contribution amount.
3. If we totally stop paying the yearly amount after certain period what will happen?
Penalty is applicable for non payment.
Raviraj Parekh
Dear Vivek,
You need to invest 4000 Rs/- monthly to get 25 lac on maturity.
Regards
Raviraj Parekh
Dear Jaya,
Make sure that Macros are enable and security setting is low for Microsoft Excel. I have tested this calculator and it is working fine.
Raviraj Parekh
Dear Mr.Agrawal,
Your question is valid but I am unable to answer it because of limited information available on internet.
You are requested to contact nearest bank or post office to get answer.
Raviraj
vandana
Sir, my daughter is 7 now and i would like to know what would be a good maturity amount that i should keep in mind for her higher studies with the upcoming inflation. Kindly let me know how much will i need to invest per month for the same in this scheme. Kindly clarify the final maturity value for Rs1000 and Rs 10000 per month.
Regards
Vandana
purnima
We are NRI. Can my daughter enrol for SSA? She is born in UAE sharjah!? N she is 3 Years. How much monthLy I need to pay to get 20lakhs on maturity ?
Girish K.A
Sir,
My daughter is 9 years old. If i start investing (25k per month) in sukanaya samriddhi from March-2015 for next 11 years (when my daughter becomes 21 year old). Please let me know the maturity value at year 2026.
Deep
Is it under 80 C or we can save tax even after 1.5 limit under 80C limit
how it is different from MF and 9.1 % will freezed for it will vary every year..
Nidhi
Sir,
My daughter is 5 yrs old. if i pay 1.5 lacs every year what amount shall i have on maturity of account?
Should i have to pay till continues 14 years or 14yrs age of my daughter.?
What will be the year of account maturity?
Regards
Rajesh B
Hi,
I am planning to Fixed deposit around 6Lacs for my Kid(6 Years). This is a good plan, I want to do this, Can I pay pre-Installments for 3-4 years in this scheme?
Please reply.
Raviraj Parekh
Dear Ravi,
If you invest 50,000 Rs/- per year up to 14 years then at the age of 18 years maturity amount will be 2,025,460 Rs/- and at the age of 21 years maturity amount will be 2,630,254 Rs/-
Raviraj Parekh
Dear Aditya,
In this scheme account will be opened on girls name and will remain on girl child name only.
Raviraj
Raviraj Parekh
Dear Neetu,
(1) If you deposit 60,000 Rs/- per annum for 14 years then you can have 31.56 Lac in account when she turns 19 years. (Considering 9.1% Interest).
(2) You need to deposit minimum amount else penalty is applicable.
Regards,
Raviraj
Raviraj Parekh
Dear Raj Kumar,
If you deposit 2400 Rs/- per year for 14 years maturity amount will be 1.26 lac. Maturity of SSA is after 21 years from date of opening account or marriage of girl child whichever is earlier.
Raviraj
Raviraj Parekh
Dear Sahar,
If you deposit 60,000 Rs/- per year maturity amount after 21 years will be 31.56 Lac.
Raviraj Parekh
As your daughter age is 11 years she is not eligible for Sukanya Samriddhi Yojna.
Raviraj Parekh
Dear Girish,
In Sukanya Samriddhi Account maximum amount deposited per year is 1.5 Lac only, hence you can not deposit 25K per month.
Regards,
Raviraj
mallikarjun
Dear Sir
Greetings !
My daughter is 5.5 years old as on today. how much i need to invest in order to receive the amount 40L at end of maturity.
regards
K.ESWARAN
My child is now 4months, if i invest monthly 1000 what will be the maturity amount at her age of 21
Sokkan
Hey Ravi,
Few queries,
1. As the interest and accrued values are taxable, based on current ceiling will there be 30% tax on maturity value?
so for maturity value of 75 Lac, there will be 25 Lac taxable on the income of my daughter at her age of 21? will it be linked to her PAN?
2. Interest rate 9.1 is for the FY 2014-2015. If we invest 1000 in March now…what will be interest credited next month? will it be prorate of 9.1 to one month or pro rated to 6 months?
3. If there is change in interest rate drastically during next FY, it will impact the maturity value calculated above correct?
4. Also how far these scheme is firm, if the next opposite govt may change or cancel this scheme? Like the Cong Govt cancelled the KVP and BJP re-started again?
5. What happens if the guardian expired before maturity and child not able to continue the account?
Vikas
Dear Raviraj Ji,
If I would like to invest 150000/- per year, then I would get 78.90 lacs.
Income earned through interest is taxable? or non-taxable? If it is taxable then could you please let me know, how much tax I have to pay on maturity? And who will pay Father or Daguther?
regards,
Vikas
Raviraj Parekh
Dear Vikas,
If you will invest 1.5 lac per year you will bet 78.9 lac on maturity.
Under Sukanya Samriddhi Account interest amount and maturity amount is tax free. No Tax is applicable.
Regards,
Raviraj
Santosh
“Only drawback of this scheme is interest earned under this scheme is taxable.”
This interest earned shall be added to parents income for tax calculation or shall considered income of “daughter” ?
Prabhakar
Hello Sir,
I already have opened Sukanya Samriddhi Account in the name of my daughter. But the name of the Guardian mentioned in the A/c is my wife’s name.
Now, I just want to know whether it is possible to change the name of the Guardian after opening the Sukanya Samriddhi Account! I want it in my name such that I can get the benefit under Sec. 80(C).
If yes, kindly let me know the process.
Regards,
MOINUDDIN
My daughter’s date of birth is 01 May 2005. If I want 20 Lac when she is at the age 21 years i.e on 01/05/2026. What will be my contribution every month? How many years I have to pay the amount.
Rohan
Hi,
I know a girl child that lost her mother recently and her Father is not very keen to raise her well. Unfortunately, she is 10 years and 3 months old now. Would there be a way to invest in Sukanya Samridhi for her? Or any other governement initiative to help such children? She is a very bright child and is studying in Navodhaya hostel now. I will be willing to invest upto 25K per year for her.
Regards,
Rohan
Raviraj Parekh
Dear Mallikarjun,
First of all Very Happy birthday to your daughter.It’s very good that you have decided to invest in Sukanya Samriddhi Yojna for her.In order to get 40 Lac as maturity amount after 21 years you need to invest 77,000 Rs/- per year.(Assumption 9.1% interest).
Regards,
Raviraj
Raviraj Parekh
Dear K.Eshwran,
If you deposit 1000 Rs/- per month at the maturity you will get 6 Lac.(Assumption 9.1% interest).
Raviraj
Raviraj Parekh
Dear Deep,
This account falls under 80C limit.Maximum amount deposited under this account is 1.5 Lac per year.
In sukanya Samriddhi Acccount interest is fixed 9.1% (This will be decided by government every year) In mutual fund returns varies it may exceed 9.1% also.
Raviraj
Raviraj Parekh
Dear Nidhi,
If you invest 1.5 lac per year for 14 years you can have 78 Lac as maturity amount after 21 years.You have to invest up to 14 years.
Raviraj
Raviraj Parekh
Dear Rajesh,
Maximum amount deposited under this account is 1.5 Lac per year.You can not make advance payment.
Raviraj
Raviraj Parekh
Dear Vandana,
It is very difficult to predict higher study expense after 10-15 years & it also depends upon which field you select for higher study,However you should plan at least 30-50 lac for her higher study.If you invest 1000 Rs/- in this scheme you will get 6 lac after 21 years. Amount will be 60 lac on investment of 10000 Rs/- per month.
Raviraj
Raviraj Parekh
As per current guideline NRI can not open SSA, we need to wait and watch till government gives further guideline approval for this.
vijay
if i deposit yearly 12000 how much i get ?
10 month old my baby,
when and how much i get ?
have any boy child plan have please help me
D S Mahapatra
Hi,
My daughter is citizen of USA but having Person of indian origin (PIO) card. Is she eligible for opening Sukanya samridhhi account?
Thanks in advance for your kind help.
regards
Dilip
ranjit chauhan
sir i want to know that if i have to deposit upto 14years any amount in account and the maturity period is after 21 years of baby’s age. so if my baby’s age 7year and i take this plan today & i invest 150000/- per anum how much i will get at my baby’s 21st birthday.
ranjit chauhan
and at the time for maturity what will be the tax that i have to pay or will be deducted.
150000/- per anum deposited.suppose if i get 75.89 lacs how much will be deducted..
lingarajurattihalli
Hi sir my child baby is present age 3.5 year I will start the account with min of rs. 1000/- per month ,how much amt will be maturity of 21 year . & I have deposited only up to 14 year .it means 11.5 year only I can deposited. pls suggest me .
thanks & regars
lingaraju rattihalli
Raviraj Parekh
Dear Vijay,
If you deposit yearly 12,000 Rs/- in SSA, you will get 6.31 lac at the maturity after 21 years.
Raviraj Parekh
Dear Dilip,
We have to wait for further notifications from Govt. So far NRIs can not open Sukanya Samriddhi Account.
No clear information available for this.
Reagards,
Raviraj
Raviraj Parekh
Dear Prabhakar,
You can approach post office and give simple application for name change.
If you are depositing money from your account i think you can claim 80C Income Tax benefit.
Regards,
Raviraj
Raviraj Parekh
Dear Rohan,
You can open Sukanya Samriddhi Account for her.Her father need to sign form as Legal Guardian.
This account can be opened for girl child born on or after 2-12-2003.
Regards,
Raviraj
Sandhya
Dear Sir,
Please comment on following 3 questions for Sukanya Samriddhi Account
1) My sister’s daughter (Sahasra) born on June 28th 2005, Is this policy applicable for her..
i) If yes, my sister can open 1000rs as account and monthly she able to pay 100rs
how much she can get for her marriage 22nd or 23rd age
ii) If we can’t withdraw for her marriage then how much she can get after 21 years of
account
2) My Daughter is 9 months old, I can open 1000rs account and will pay monthly 1000rs then how much amount she get for her 21st age.
3) Is there any last date to open these accounts and what are the documnets needed to open accounts please suggest
anju Raji
My daughter is 9 yrs old..if I invest 2000 rs in sukanya samriddhi. How much will I get when it matures
janardan
my younger daughter neha age is 9 years. If i invest 2000 per month, How much is the mature amount at the age of 21 years of my daughter. Another thing my elder daughter’s date of birth is 28.6.2003. whether she is eligible to open SSY account.
N Ramakrishna
My girl child is now nearly 05 yrs old. I need 15 lakhs as maturity amount at her 21 st age. Can you give me the calculation.
Waiting reply.
ranjit chauhan
what should me the age of a baby girl to open ssy account..minimum and maximum…
ramya
Hi, your doing great work, congrats for that.
i hv a daughter aged 6 , she is EU national, i m indian national , can i open account ??
thanks
cheers
ramya
Bhaskar
U have mentioned that 14yrs,18yrs and 21yrs is that age with reference to DOB of child or from the date of registration… Plzzzzz give me clarity
Bhaskar
Is that 9.1% rate of interest constant every year…In the next financial yr onwards if they offer less interest (i.e eg:1% interest).. I think there is no use of it…Plzzzzz give me clarity about this rate of interest minimum and maximum….
Raviraj Parekh
Dear Bhaskar,
14 years is time period you need to deposit money after opening account.After 21 years you will get money back (Maturity).
Raviraj Parekh
Dear Bhaskar,
9.1% rate is announced by government for next year.This interest rate will vary and will be announced by government on every year.
Looking at experience of PPF interest rate variation it is likely that interest rate will vary in similar range.
Raviraj Parekh
Dear Ramya,
As per current provision you can not open this account,however you can visit nearest post office to get latest guideline on this.
Raviraj
srikant Dora
I have 3 girl childs,in 3 childs 2 are my late brother daughters,please tell me these questions…
1.can I open three accounts,one as father,2 are as guardian.
2.ages are 3,6,9 years,how much invest for getting 50 lakh for each.please give me details about thrise.
3.if I open account as guardian what can I do?
Raviraj Parekh
Dear Srikant,
Here is answer to your queries.
1.Can I open three accounts,one as father,2 are as Guardian – Any Two account can be opened as per rule.
2.Ages are 3,6,9 years,how much invest for getting 50 lakh for each. – You need to invest 96000 per year to get 50 Lac as maturity amount.
3.If I open account as guardian what can I do? – You can approach post office or bank for opening account.
Regards,
Raviraj
Raviraj Parekh
Dear Ranjit,
Maturity period of Sukanya Samriddhi Account is 21 years after opening account.You need to deposit money in this account every year up to 14 years.If you invest 1.5 lac per year at maturity you will get 75.89 Lac.
Regards,
Raviraj
Raviraj Parekh
Dear Ranjit,
No tax is applicable on this scheme.Maturity amount is tax free.
Regards,
Raviraj
Raviraj Parekh
Dear Lingaraju,
If you start this account and deposit 1000 Rs/- per month at maturity after 21 years you will get 6 Lac.You need to deposit money for 14 years from date of opening account.
Raviraj
Raviraj Parekh
Dear Santosh,
As per recent provision made in Budget 2015, Sukanya Samriddhi Account is tax free. You need not to pay any tax for this account.
Raviraj Parekh
Dear Moinuddin,
You need to invest 10000 Rs/- per month to get 20 Lac maturity after 10 years.You will be able to withdraw this amount only on marriage of your Daughter.
Raviraj Parekh
Dear Sandhya,
1) My sister’s daughter (Sahasra) born on June 28th 2005, Is this policy applicable for her.
Yes You can open Sukanya Samriddhi Account for her.
i) If yes, my sister can open 1000 Rs as account and monthly she able to pay 100 Rs/- how much she can get for her marriage 22nd or 23rd age.
Maturity amount will be very low 60,000 Rs/-
ii) If we can’t withdraw for her marriage then how much she can get after 21 years of account.
Maturity amount will be very low 60,000 Rs/-
2) My Daughter is 9 months old, I can open 1000 Rs account and will pay monthly 1000 Rs then how much amount she get for her 21st age.
Maturity amount will be 6 Lac
3) Is there any last date to open these accounts and what are the documents needed to open accounts please suggest
No it is open ended plan. NO end date for this account.
Raviraj Parekh
Dear Anju,
On investment on 2000 Rs/- per month you will get 12 lac on maturity.
Regards,
Raviraj
Raviraj Parekh
You need to invest 4200 Rs/- per month in order to get 15 lakh as maturity amount at her 21st birthday.
Raviraj Parekh
Minimum age of opening this account is 0 Year.Girl child with birth date 2/12/2003 or later is eligible to open this account.
Raviraj Parekh
Dear Janardan,
If you invest 2000 per month you will get 5.10 Lac when your daughter reach to age 21 years. Girl child with birth date 2/12/2003 or later is eligible to open SSA.
Raviraj Parekh
Dear Sokkan,
Answer to your queries is given below:-
1. As the interest and accrued values are taxable, based on current ceiling will there be 30% tax on maturity value?
so for maturity value of 75 Lac, there will be 25 Lac taxable on the income of my daughter at her age of 21? will it be linked to her PAN?
Sukanya Samriddhi Account is tax free.You need not to pay tax on this account.
2. Interest rate 9.1 is for the FY 2014-2015. If we invest 1000 in March now…what will be interest credited next month? will it be prorate of 9.1 to one month or pro rated to 6 months?
Interest applicable is on yearly basis.
3. If there is change in interest rate drastically during next FY, it will impact the maturity value calculated above correct?
Yes it will impact.
4. Also how far these scheme is firm, if the next opposite govt may change or cancel this scheme? Like the Cong Govt cancelled the KVP and BJP re-started again?
It is possible but not likely.
5. What happens if the guardian expired before maturity and child not able to continue the account?
Account can be closed and amount can be given to girl child.
Ashwani
Sir,
My daughter is 5 years old. If i start investing (1k per month) in sukanaya samriddhi from March-2015 for next 14 years (when my daughter becomes 21 year old). Please let me know the maturity value at year 2030.
mane
9.1% is fix or changeable for 21 year…..or this year only
Suresh Kumar G
Sir,
My daughter is 1 year
old. If i start investing
(10k per year) in
sukanaya samriddhi from
April-2015 for next 20
years (when my daughter
becomes 21 year old).
Please let me know the
maturity value at year
2035
ravi
Dear Sir,
My Daughter is of 4 years and 2months and 18 days old. i would like to invest 1000 every month for 14 years what would be the amount that ill get it at the age of 25 years to her.
zohaib raza siddiqui
hello….i am working in uae and have a daughter 3yrs of age in india can my wife open this account for our daughter & plz tell me if there is any calculator so that i can calculate the maturity according to my investements
arihant
What is the rate of tax on interest earned on this scheme sir reply fast
kiran kulkarni
My daughter date of birth is 7/8/2004, can she eligible for sukanya samrudhi yojana? pl.reply. kiran k.
Raviraj Parekh
No tax is applicable.This scheme is tax free.
Divya
Hi,
I have 5 years old girl child. I have a doubt that i should pay the premium till her 14 years of age or i should pay 14 years that is till her 18 years i am so confused. Also every year i can pay how much i want right till 1,50,000.(it can be a variable amount right) . Please clarify
Nasar
I have 2months old girl child.. can I open this SSA scheme for my child? And also, is there any last date for this scheme that I cannot open account after that time?
Because I did not get my child’s birth certificate yet..
Waiting for your reply
Suresh
Wat s the minimum eligible age for girl child,,?? We can do deposit for 6 months child,???
SenthilKumar
I wonder as to what will be the money value after 14years from now?!
May be this amount of 73 lacs would just buy a small car?!
What about inflation prediction after 14 years from now, Can anybody predict?!
Raviraj Parekh
Dear Ashwani,
If you deposit 1000 Rs/- per month in Sukanya Samriddhi for 14 years, when your daughter becomes 21 years you will get approx 3.92 lac.
Regards,
Raviraj
Raviraj Parekh
9.1% interest rate is announced by government for next year.This rate will vary every year and declared by government.
Raviraj Parekh
Dear Mr.Suresh,
If you start investing 10,000 Rs/- per year in Sukanya Samriddhi from April-2015 up to next 20 years you will get 5.64 lac as maturity amount. when your daughter turns 21 years old.
Raviraj Parekh
Dear Ravi,
If you will invest 1000 Rs/- every month for next 14 years you will get 6.07 lac on maturity.
Raviraj Parekh
This scheme is Tax Free, No tax is applicable on this scheme.
Raviraj Parekh
Dear Zohaib,
Your wife can open this account. Calculator is already given in article.
Raviraj Parekh
Dear Divya,
You need to Invest amount in Sukanya Samriddhi for 14 years from date of opening of account. Maximum amount of investment is 1.5 lac per year.
Raviraj Parekh
Dear Nasar,
You can open SSA account for your girl child.Last date of opening this account is yet not known.
Raviraj Parekh
Dear Suresh,
Minimum age for opening Sukanya Samriddhi Account is 0 years and maximum age is 10 years.
Raviraj Parekh
Dear SenthilKumar,
Very Good Question.Inflation rate is increasing 6% per year and expected to grow with same rate. I agree valuation of 73 Lac after 15 years will be very low.
Raviraj Parekh
Dear Kiran,
Yes she is eligible for Sukanya Samrddhi Account.Girl Child born after 2/12/2003 is eligible to open this account.
PRAVEEN CHAUHAAN
Dear sir
my daughter is 10 yrs old and i want to invest 2500Rs per month in this scheme, my questions are
1. what will be maturity year ( my daughter age 21 or account age 21) ?
2. what will be maturity amount if i invest 2500/- Rs per month in this scheme
3. can i increase or decrease (but not less than 2500/-Rs) in any month , is it possible to ?
narasimharao gangarapu
Dear sir my baby is 7 years old I pay 10000/year. What amount I will get after 21 years.
JOBY T SAJU
My child is one year old and her name is not yet fixed and in birth certificate also name is not mentioned. Can I start an account for her with the present birth certificate? Can the money be deposited online through SBI website?
Raviraj Parekh
Dear Narasimharao,
If you deposit 10,000 Rs/- per year you will get 5.26 Lac as maturity amount.
Raviraj Parekh
Dear Praveen,
Answer to your queries is given below.
1. What will be maturity year ( my daughter age 21 or account age 21) ?
After 21 years of account age.
2. what will be maturity amount if i invest 2500/- Rs per month in this scheme
Maturity amount will be 15.17 Lac
3. can i increase or decrease (but not less than 2500/-Rs) in any month , is it possible to ?
Yes it is possible to increase or decrease.
Raviraj Parekh
Dear Joby,
You can open Sukanya Samriddhi Account with present birth certificate. For online money deposit you need to contact SBI bank.
Kinshuk
The closing amount is 4,124,936 after 14 years of investment(1.Lac each yr). This amount will be invested for further 7 years and return is 7,589,103. In general, what i know in current situation, amount gets doubled in 7.5 years easily, if invested in banks FD. I see loss after 14 years if my amount is invested for next 7 years.
Better invest in PPF for 15 years and after 15 years do a FD in bank to earn more interest.
Sumit Kumar
Sir pls bataye meti beti 6 month ki hai agar per year 150000 invest kare to after21 year kitne maturity milege yeh bhi bataye k paise har month jama karva sakte hai ya ek bar me 150000 deposit karvana padega pls sir answer i am wait your ans
Koushik Banerjee
Dear sir
My daughter is 6 months old. I want to deposit 1000/month for 14 yrs. What would be the maturity value after 18 yrs.
Neetu
My child is 2 year old and her name is not yet mentioned in birth certificate. Can I start an account for her with the present birth certificate?Also, the address proof(Adhaar, Voter ID Card,PAN) has different address then what is mentioned in the birth certificate. Can I still open an account?
kailash
My brother has 4 daughters can he make four policy as it is written 2 policy per head
Raviraj Parekh
Dear Sumit Kumar,
If you invest 1.5 lac per year for 14 years you will get 78 Lac at maturity after 21 years.You can deposit money monthly or yearly as per your convenience.
Raviraj Parekh
Dear Mr.Koushik,
If you deposit 1000 Rs/- per month maturity amount will be approx 6 Lac after 21 years. Maturity value after 18 years will be 4.67 Lac.
Raviraj
Raviraj Parekh
Dear Kailash,
Only 2 accounts are allowed per family, However if it is twin sister case more account can be opened.
Raviraj
Raviraj Parekh
Dear Neetu,
Account can be opened on birth certificate.They want age proof for which they are asking birth certificate. If address proof has different address does not matter you can open Sukanaya Samriddhi Account.
Raviraj
Sumit Kumar
Meri income tax return jati hai jo 150000 rs per year invest karege us par income tax par benefit milega ya nahi or jo 21 year bad maturity milegi us par kuch tax to nahi lagega pls answer sir i am wait ur ans pls reply
mahadeb dutta
My girl child is now nearly 2.6 yrs old. I need 25 lakhs as maturity amount at her 21 st age. Can you give me the calculation.
Balaji
Hello Sir,
I am not in India, is there any provision where we can open account in online from outside country?
if not, our parents mean children grand parents can open account at banks or post office?
Appreciate your response
Venkat
Is it applicable to girl child born in India and the age is 7 years ,now residing overseas on NRI status with OCI Card?
Advance thanks
dixon
PLEASE THINK BEFORE YOU INVEST – 9.1 % INTEREST CAN CHANGE ANY TIME – NEXT YEAR GOVT SAYS ONLY 7% WHAT WE WILL DO ,
1) WE CAN’T WITHDRAW UNTIL SHE IS 18 OR 21 AGE
2) ITS TRAP THINK TWICE BEFORE YOU INVEST
Divya
Hi,
My doubt is , this year i can pay 10,000 and next year 20,000 and next year 5000 like that can i pay? Is that possible. And one more question is , is there any online facility for post offices for this acount.
Thanks in advance
Jai
Hi, Is there anyway I can setup the account then transfer money online regularly?
It would be really helpful as I live in UK and I would like to do this to two girls I know whose parents are no more sadly. Their dad used to work for us but died 6yrs ago.
snehal
Hello sir,
My baby will be of 3 yrs in june. If I invest from march 2015 then I just want to know the maturity year of her account.
PRASAD BABU
My Duaghter is 4 year old, i will Invest Rs 25000 per year .after 14 years how she will get after 21 years . pls reply me and send me the calclator base final receiving. Thanks.
Aakash Khatri
I have two daughters. One is of 10 years and other one is new born.
If I will deposit rs 500 per month i.e 60000 annually for each of them.
How much I will get from it ?
Laxmi Narayan Gautam
My baby is 46 days old only. I want 12 lakhs amount on maturity,so please calculate yearly & monthly payable amount.
ESHWAR
Hello Raviraj, is this calculation is correct? to get Rs.50 lakhs we need to invest Rs.1 lakh per year. just check and if you are correct then justify.
ESHWAR
Dear venkat Ypu will get 50% of the balance amount means total accumulated amount by the end of 18 years. Ex. if you deposit Rs.10,000 per month then you will get Rs 63 lakhs after maturity (21 years) after 18 years the accumulated amount including interest is Rs.48,61,000 so 50% of this amount you will get.
Pravin Kotkar
SSA….
I have open SSA account in post office. If suppose I cannot make a monthly installments after certain period that is say after 5 years or 7 years due to my death… As I am only the income earner in my family. So my family won’t be able to make a monthly installments at that time so my family will get all money back with interest which I had paid?
Please reply.
samrat
now my child is 8 yrs old. I want invest in sukanya samriddhi account. 4000/month. how many yrs I have to pay this amt. And what is the maturity year. And what is final amount.
sajal debnath
Dear sir,
My girl child is 5 yrs old now. If i deposited per year Rs. 12000/- from March-2015(Sukanya Samriddhi Account).For next 16 years (when my daughter becomes 21 year old). Can you give me the calculation the maturity amount. Yours regards.
Murugavel
Dear mjsjaya,
In your case I think you not changing the amount in ” calculator- monthly ” sheet . if you change the value it will be automatically calculate the interest amount in the main sheet. So please change the deposit amount in second sheet ie “Calculator- Monthly ” in the same file.
Raviraj Parekh
Dear Smitkumar,
Sukanya Samriddhi Account is falling under category of EEE. You will get tax benefit under 80C. Maturity amount is also tax free.
Raviraj Parekh
Dear Mahadeb,
You need to deposit 5500 Rs/- every month till 14 years to get maturity amount of 15 lac after 18 years.(Daughter age 21 years).
Regards,
Raviraj
Raviraj Parekh
Dear Balaji,
Yes grand parents can open Sukanya Samriddhi Account for your daughter. Application form should be duly authorized from your side.
Regards,
Raviraj
Raviraj Parekh
Dear Jai,
You can open Sukanya Samriddhi Account with bank which gives online facility of money transfer E.g ICICI,SBI.
Regards,
Raviraj
Tripti
Hi Raviraj,
I have few more queries. It would be great if you could help me.
1. My daughter is going to be 10 years & I want to open an account, and deposit 1.5 lacs every year. What will be amount I can withdraw when my daughter is 18 years?
2. If I withdraw money at the age of 18 (it will be 9 years of the account age). I need to put money for more 6 years which makes it to 14 years of account age.What will be the amount of money at the time of maturity.
3. How many times can we withdraw money after my daughter is 18 years?
4. If my daughter gets married at the age of 23( 14 years of account age), what will be my maturity amount.
Ravinder
Dear concern,
Can we open online account?
if any misshapen with child than amount will be refundable or not?
is it cover any health insurance?
Johnathen
Hello Raviraj,
What if the father is NRI and mother is doing a small business in India, can mother open an account in girls name? Please advise
Thanks,
Johnathen
jayashree
Sir,
Can U please suggest me that Which is best scheme LIC or Sukanya Samririddhi account for girl child
BABITA RANA
My Duaghter is 7 year old, i will Invest Rs1000 per month ie. 168000.00 Lacs after 14 years . how she will get after 21 years . pls reply me and send me the calclator base final receiving. Thanks.
jasmin
Sir
My daughter s Dob is 4-10-2006
If I open ssy now.I have to deposits till 14years?if on age of 18her marriage will fix then I can withdraw total amount?or must be wait till 14years of account maturity?or 21years??
Ameena
My girl child is now nearly 1yr 9 months old. at the time of maturity at her 21 st age. Can you give me the calculation.
Waiting reply.
Raviraj Parekh
Dear Ameena,
Kindly provide investment amount in order to calculate return.If you invest 12,500 Rs/- per month you will get approx 70 Lac on maturity.
Raviraj Parekh
Dear Jasmin,
If you open this account now ideally you need to deposit money up to 14 years, However withdrawal is possible on her marriage.You can withdraw full amount.
Raviraj Parekh
Jayshree,
Sukanya Samriddhi Account for Girl child is best for investment and return point of view.Please do not take LIC policy.
Raviraj Parekh
Dear Babita,
If you invest 1000 Rs/- per month after 14 years amount in account will be 3.29 lac and on maturity after 21 years 6 lac will be maturity amount.You can withdraw this amount for marriage or higher education for girl child.
Raviraj Parekh
Dear Johnathen,
Yes although father is NRI if girl is living in india with her mother,this account can be opened by mother on girls name.
Raviraj Parekh
Dear Ravinder,
Online account option is right now not available. In case anything happen to child you can close this account. Entire amount along with interest will be payable.It will not cover any health insurance.
Raviraj Parekh
Hello Tripti,
Here is answer of your questions.
1. My daughter is going to be 10 years & I want to open an account, and deposit 1.5 lacs every year. What will be amount I can withdraw when my daughter is 18 years?
Amount available in account will be 21 lac. You can withdraw this amount either for education or marriage purpose of your girl child.
2. If I withdraw money at the age of 18 (it will be 9 years of the account age). I need to put money for more 6 years which makes it to 14 years of account age.What will be the amount of money at the time of maturity.
If it is education or marriage need you can withdraw entire amount and close the account.If you continue for 6 more years amount in account will be 12.3 lac.
3. How many times can we withdraw money after my daughter is 18 years?
Withdrawal is allowed only for education or marriage purpose.
4. If my daughter gets married at the age of 23( 14 years of account age), what will be my maturity amount.
If your daughter get marriage at age of 23 years maturity amount will be 42.88 Lac.
Raviraj Parekh
Dear Venkat,
This account can not be opened for girl with NRI status.
Raviraj Parekh
Yes Interest rate can change at any time but it will be more or less similar to PPF which is always more compare to FD.
Raviraj Parekh
Divya,
It’s possible to pay different amount at different years.No online facility available at post office for this account.
Raviraj Parekh
Yes Eshwar,
In order to get 50 Lac maturity amount you need to invest 1 lakh per year.This is considering 9.1% interest rate.You can download and do calculation by yourself.
Raviraj Parekh
Dear Snehal,
Maturity of this account is after 21 years of opening this account, but you can withdraw amount from this account for marriage or education purpose of girl child.
Raviraj Parekh
Dear Laxmi Narayan,
You need to deposit 2000 Rs/- per month or 24000 Rs/- per year to get 12 lakh as maturity amount after 21 years.
Raviraj Parekh
Dear Prasad, If you invest 25K per year maturity amount will 13.15 lac after 21 years.
Raviraj Parekh
Dear Aakash, If you deposit 500 Rs/- per month maturity amount will be 3 Lac.
Raviraj Parekh
Yes Pravin, In case of unfortunate death of sole earner of family this account can be closed and entire amount can be given back.
Raviraj Parekh
Dear Samart, If you deposit 4000 Rs/- per month maturity amount after 21 years will be 24 lac.Maturity years is after 21 years of opening this account.
Raviraj Parekh
Dear Sajal,
Deposit of 12000 Per year will give maturity amount of 6.31 lac.Maturity is not related to girl child age it is related to age of account.You need to deposit money up to 14 years and maturity is after 21 years of account age.
shelly
sir my daughter is 3 years old and I can deposit inr 80000 per annum. how much she will get at 21 and till which date I can open account for her ?
vanajakumari
sir,
I have a girl child DOB 07/11/2008 and I want to know if I pay a minimum of 12000 rs per annum for 14 years then what will be the maturity value after 21 years –
A. rathore
Hi..
I want to know that Who is/are authorized to withdraw the maturity amount in this scheme 1) The girl alone. 2) Girl along with parents. 3) Parents alone can withdraw the amount.
Kasturi Geetha
Hi,
Could you please give me calculated figure My daughter is now 7yrs old. if i deposited per month 5000/- Rs. what could be the maturity amt at the age of 18yrs and at the age of 21yrs.
One more doubt I have to pay this 5000 every month till 14 yrs. it means 60000*14 = 840000
tell me maturity amt on this 840000/-
Please reply me.
Rajesh Kumar Saini
Sir,
My daughter is 9 years old. If i start investing (1000/- per month) in sukanaya samriddhi from March-2015 for next 11 years (when my daughter becomes 21 year old). Please let me know the maturity value at year 2026.
Rahul Adhikari
my baby is 2 yrs old ..if am deposit 20000 per year,,and 280000 aftr 14 yrs, how she will be get aftr 21 yrs,, pls tell me n send me calculation base aftr 21 yrs…
rahul adhikari..
pradeep
Hi Sir
My daughter is 2 years 3 month old. If i start investing 100000 annual in sukanaya samriddhi from April-2015 for next 21 years (when my daughter becomes 21 year old). Please let me know the maturity value at year 2036
SAURABH
Dear Sir,
my baby girl is 2 year old then then i will deposite 19 year or 21 year.
pls reply
Raviraj Parekh
Dear Saurabh,
You need to deposit money for 14 years and maturity will be after 21 years from date of opening account.
Raviraj Parekh
Dear Shelly,
On deposit of 80,000 per annum in Sukanya Samriddhi Account your daughter will get 32.4 lac on her 21st age.
Raviraj Parekh
Dear Vajakumari,
If you deposit 12000 Rs/- per annum in sukanya samriddhi account for 14 years on maturity amount after 21 years will be 6.31 lac.
Raviraj Parekh
Dear Mr.Rathore,
Very good question.Under this account only girl is authorized to withdraw money. Parents can not withdraw any amount from this account.
Raviraj Parekh
Kasturi,
If you deposit 5000 Rs/- per month in sukanya samriddhi account on age of 21 year amount available in account is 16.4 lac. This amount will be withdrawn for higher education or marriage of your daughter.
Raviraj Parekh
Dear Mr.Rajeshkumar,
If you invest 1000 Rs/- per month in sukanya samriddhi account for 11 years you will get 2.22 lac after 11 years.
Raman kumar
My Duaghter is 4 year old, i will Invest Rs10Thousand per year ie. 1Lacs 40 thousand after 14 years . how she will get after 21 years . pls reply me and send me the calclator base final receiving. Thanks.
Akumar
Hi Raviraj,
Do you have any latest updates for NRIs ?
Thanks,
Akumar
Mukesh Dangwal
Dear Raviraj,
My daughter is 7years old, if i open the account today, i ll have to deposit for next 14 Years i.e. when she attains the age of 21 years. Maturity age will be after 21 Years i.e. When she is 28 years old..so we can withdraw the maturity amount after 28 years of her age..is this correct? Or can we go for some partial withraw when she is 21 years old ?
Your help is really appreciable.
Thanks
Jignesh Nayak
Hi. I am looking forward to invest in this scheme. I have some queries. It would be great if you can solve the same. Queries are:-
1. Is it possible to change monthly/yearly contribution in future. For eg. if i contribute 24k for 1st year and if i want to contribute 36k from next year onwards, is it possible?
2. If i open SSA account in SBI, can i do online transfer from my other savings account or from my salary account.
3. What proof ill get at the time of filling return?
Request you to pl mail me solution to my queries also.
PANKAJ RATURI
DEAR SIR,
MY DAUGHTER IS 6 MONTHS ONLY. ITS DOB ( 10.10.2014 ). SO CAN I APPLY TO THIS SCHEME. PLS REPLY……………..ON MY ID…….
neeraj
Sir ,
On 30 & 31st march most of the banks were closed for public dealing due to there closing year.As a result i missed the chance in financial year 2014-15. Is there any possibilty to deposit in previous financial year now or the govt. can provide any grace day due to closing of public dealing.
Tymor
Hi Raviraj,
I appreciate your patience to answer all the question on this topic. I have the below set a quick queries on this topic. Can you please help me clarifying these questions.
1. We are working couple. Can each of us contribute half of the SSY deposit amount and claim the tax exemption for our portion of contribution ?
2. How can we pay the deposit amount, if we both of us are posted overseas for more that an year ? Is there a way that we can make the payment online ?
3. Can I open SSY account in SBI ? If I open SSY account with SBI, can I make the deposits online ?
4. After opening an SSY account, if we happened to accept a different county’s citizenship, will we able to continue with scheme ?. If not how the money will be paid back ?
Thanks in advance,
Tymor
Raviraj Parekh
Dear Pradeep,
If you deposit 1 Lac per year in this account for 14 years than at the maturity after 21 years you will get 53.3 lac. (Rate of Interest 9.2%)
Raviraj Parekh
Dear Rahul,
In Sukanya Samriddhi Account you have to deposit amount up to 14 years. If you deposit 20000 Per Year maturity amount will be 10 lac after 21 years.
Raviraj Parekh
Dear Ramankumar,
Thanks for your comment. If you invest 10 thousand per year for 14 years.Maturity amount will be 5.33 lac after 21 years from date of opening account.
Raviraj Parekh
Dear Akumar,
Sorry.No updates for NRI is available. Currently NRI can not participate in this scheme.
Raviraj Parekh
Dear Mukesh,
If you open account today you need to deposit money for next 14 years.Maturity of this account is after 21 years, however for education or marriage need of girl child withdrawal is allowed. Limit of withdrawal from this account is 50%.
Raviraj Parekh
Dear Jignesh,
Here is answer of your queries.
1. Is it possible to change monthly/yearly contribution in future. For eg. if i contribute 24k for 1st year and if i want to contribute 36k from next year onwards, is it possible?
Yes it is possible.You can contribute anything more that 1000 Rs any time.
2. If i open SSA account in SBI, can i do online transfer from my other savings account or from my salary account.
Yes it is possible.
3. What proof ill get at the time of filling return?
SSA Passbook will serve as a proof while filing tax return.
Raviraj Parekh
Dear Pankaj,
You can apply for this scheme.
Raviraj Parekh
Dear Neeraj,
It is very unfortunate that missed the chance to deposit amount before 31st March.It is not possible to deposit amount now for previous financial year.
monu
sir…my daughter is 8 yr old if i paid 1000/- Rs per month thn how much i’ll get aftr 14 year and aftr 21 year.
Abhishek Kumar
My Duaghter is 1 year old, i will Invest Rs 25 thousand per year ie. 3.5 Lacs after 14 years . how she will get after 21 years . pls reply me and send me the calclator base final receiving. Thanks.
Mk Hussain
My baby 10 year old. My investment 12000 per yearly.please calculated my deposit amount after 21 year amount.
srinivasan
Sir, I see in most of your comments, that marriage is mentioned. what if she decided not to marry, for ever. Is there any clause clarifying on that. what will happen to the account and its money. Pls clarify.
Respected Sir,
pls clarify my doubts on the below questions……
1. Sir, I see in most of your comments, that marriage is mentioned as a condition, for withdrawal of money. Also even for 50% partial withdrawal, the girl child should have attained 18 of years. That means , the scheme trying to give more power to the girl child than the investor, himself. Pls Clarify if am wrong ?
2. what will happen if the schme attains its maturity of 21 yrs and girl child
decided not to marry ? can she or parents free to withdraw the money without the condition of marriage happened or not ? pls clarify
3. what if the girl child decided not to marry, for ever. Is there any clause clarifying on that. what will happen to the account and its money. Pls clarify.
4. what if there is a misunderstanding between the parents and girl child, after
she attains 18 yrs of age? since she got full control of the account as account
holder, she can bypass her parents and take the hard earned money as per
her wish ? what is the protection to the investor here ? pls clarify.
—
Thanks,
Srini
Raviraj Parekh
Dear Srini,
Answer of your queries is given below.
1. Yes this scheme is for girl and investment made under this scheme will be on name of girl child. Withdrawal is possible by girl child only.
2. Maturity is not depended on marriage of girl child. After 21 years one can withdraw money and close this account.
3. This account will mature after 21 years from opening date. Irrespective of marriage of girl child.
4. No provision is available.
Nilkamal De
This is good news for us.
But in the form there is no place to write the nominee name.
I want to know about the nominee.
Sankalpa Sahu
Hello Sir,My daughter is just 9 months, At which amount will invest to gets @40/50 lac at the time of maturity. ..
Shalin
Hi,
I have following queries:
1) SSA has benefits of tax exemption in income tax. In that case, will this be additional exemption or the max limit of exemption will remain as 1.5 lacs only. For eg. If I invest 1.5 lacs in PPF and SSA each then will I get exemption of 3 lacs or max limit will be only 1.5 lacs.
2) Can the money be withdrawn only for education or marriage or it can be withdrawn for other purposes as well??
3) if u have already opened this account thru post office and if u wish to transfer it to the bank of India then is it possible??
Request you to send a mail for the queries.
Thank you.
Anoob George
Hi:
Can you please clarify my doubt.
If I opt Rs. 5000 monthly payment option. Is it compulsory that I need to pay minimum Rs. 5000 monthly. Or still can I pay Rs. 1000 per year and continue this account.
Thanks
Anoob
Ramesh
My daughter is nearing 11 years. DOB 20.4.2004.
1. What happens if she gets married at the age of 22? Account closing is mandatory?
2. Can she continue the account till 21 years? That time her age will be 32 years.
3. Can she close the account any time after 14 years of payment?
payel das
My daughter is 6 yrs old. If I invest 12000 per year starting from April 2015 how much will I get at her 21 years of age?
prasanna
Hi
My child 3 years old and if I deposit 10k per year and how many years need to deposit and how much I get when matured?
santosh kr singh
Sir I want to know that how much I get after completion of 18 year from the date of opening account with 1000 per month.
Laxman
My daughter is 8.10 years old and I wish to deposit for 14 years (1.5L per year). What amount would i get after 14 years period.
prashanth kumar
in which bank branches can i open this account as local sbh at thukkuguda is not available as they are saying
Praveen
Hi Raviraj,
In context of 3rd point of Girish i.e.
Q. In case of death of Child (Baby Girl)
Ans. This account can be closed in case of death of child.
Than I want to know that what about the deposited amount ?
Praveen
Hi,
Is it necessary that we have to deposit amount Monthly or Yearly.
Can we deposit amount Quarterly or Half-yearly or at any time through out the year?
Raviraj Parekh
Dear Monu,
If you deposit 1000 Rs/- per month you will approximately get 6 lac on maturity i.e after 21 years.
Raviraj Parekh
Dear Abhishek Kumar,
If you invest 25 thousand rupees per year for 14 years in Sukanya Samriddhi Account.Your daughter will get 13 lac after 21 years.
Raviraj Parekh
Dear MK Hussain,
if you deposit 12000 Rs/- per year you will get 6.93 lac as maturity amount after 21 years.
Raviraj Parekh
Dear Nilkamal De,
Form does not provide facility for nomination, but in case of unfortunate event of death of girl child this account can be closed and amount deposit in this account will be returned back to parents.
Raviraj Parekh
Dear Sankalpa,
You need to invest 75000 Rs/- per year to get 40 lac as maturity amount.If you wish to have 50 Lac as maturity amount kindly invest 94000 Rs/- per year in Sukanya Samriddhi Account.
Raviraj Parekh
Shalin
Answer of your queries are as follows:-
1 Tax Benefit under this scheme is under 80C limit and maximum limit is 1.5 lac only.
2 Money can be withdrawn for girls education or marriage only.
3 You can transfer this account to authorized SSA banks.
Fred
Hi,
Could pls explain how to arrive at the “interest rate @ 9.1%” value. I mean how do you arrive at the vlaue of 7394.00/- for the first year? 9.1 % of 150,000 is 13650.
Forgive me for asking a basic thing but really didnt get it.
Anil
Sir
I have two girl child one 4 year other 7year old if I join this scheme for how many year I have to pay for this
And can widtral some %of amount before the age of 21
And can I get the same benefit if I withdraw age after21
Niranjan Sharma
Sir agar mai 1st year 12000 jama karta hu or 2nd year 15000 3rd year 10000 is tarah difrent amount jama kar sakta hu ya nahi.or 5ya7 year ke baad agar mere pass money problem hota mai jama nahi kar pata hu toh mujhe benefit milega ki nahi
Neeraj Lakhwan
Hi,
My girl child born on 4th Feb 2015, So i want to know that can i open an a/c for her and what is the last date of this scheme beacuse I have not got her birth certificate till now but i have also apply for that, In the month of may I got the certificate. So please suggest…..
gopinath
I started SSA in march 2014. Do i need to pay till Feb 2028 or annual year march 2027
rachna rawat
my daughter is nine yrs old,can u tell me when the policy will mature. I mean after her 21 yrs or after 21 yrs frm the opening year of the policy. this is the confusion. thanx
Raviraj Parekh
Dear Anoob,
It is not compulsory to contribute fix amount for this account, however you need to deposit minimum amount in SSA per year.
Raviraj Parekh
Dear Mr.Ramesh,
Answer of queries is given below.
1.She can continue this account after marriage also.
2.She need to continue this account till 21 years from date of opening this account.
3.No she can not close it after 14 years of payment.
Raviraj Parekh
Dear payel,
If you deposit 12000 Rs/- per year maturity amount after 21 years will be 6.4 lac.
Raviraj Parekh
Dear prasanna,
If you deposit 10000 Rs/- per year you will get 5.33 lac on maturity after 21 years.
Raviraj Parekh
Dear Santosh,
If you deposit 1000 Rs/- per month in Sukanya Samriddhi Account after 18 year your account balance will be 4.67 Lac, However you can not close this account after 18 years.
Raviraj Parekh
Dear Laxman,
If you deposit 1.5 Lakh per year in Sukanya Samriddhi Account after 14 year amount accumulated in this account will be 43.23 Lakh
Raviraj Parekh
Deposited amount will be given back to parents.
Raviraj Parekh
Dear prashant,
You can open this account with 28 different banks. You can get list form :- https://moneyexcel.com/9998/banks-open-sukanya-samriddhi-account
Raviraj Parekh
Dear Fred,
This calculation is for monthly deposit of 12,500 Rs/- per month. Yearly contribution is 1.5 Lac. If you deposit 1.5 Lac at single go interest will be 13650 Rs.
MANJEEV BHARDWAJ
Hello Sir,
I got an enquiry for my 2 daughters as 1 will be 10 @august and 2nd daughter will 3 years in oct
The amount I have to pay till she turns 14 years or from now I have to pay for 14 years
my 2nd daughter is born abroad will she can avail this facility of beti bacho …
Please if you can help me it will be really helpful as I got 2 daughters only so I want to Invest some money for both.
Regards,
Manjeev
Abhinav
Folks, please advice if banks are ready and aware of this scheme, i visited SBI couple of weeks ago to enquire about this- they told very bluntly that they are not aware and no such communication is recieved- hence i wonder that we are doing so many calculations here but no opportunity of opening an account- if anybody in Chennai have opened this account- could you please share your experience ..thanks,
Lalit Srivastava
Congrats!! Today a Bank Manager of Bank of India called me and told that circular has been received by all banks on 9 april but account will be opened after a week i.e. from 20 th april onwards. Rate is 9.3% in banks. So go on.
samit das
After maturity is it only the girl child who can withdraw the amount ? Does the parents who invested the money lose the right on the maturity amount? Isn’t there a protective shield to prevent a young girl from using such a lumpsum amount judiciously?
jacqueline
Dear Raviraj , can i invest 100000 in one year second year if i invest 80,000 , like wise can i invest as per the cash structure i have in hand on monthly basis .
Raviraj Parekh
Dear Gopinath,
You need to pay till Feb 2028.
Raviraj Parekh
Rachna,
This account matures after 21 years from date of opening this account.
Raviraj Parekh
Dear Manjeev,
You need to pay amount till 14 years from date of opening this account.As second daughter is born abroad she will not be eligible for Sukanya Samriddhi Account, However new guideline for this account for NRI is awaited.
Reghunadhan. K
Dear Mr. Ravi,
I have some following queries.
My daughter have 10 years old. If I wants to open a SSA in her name, we have to remit the amount upto 14 years that means then her age will come 24 years. We must remit the amount until 14 years or up to her 14 years age only?
We can withdraw the money in her age of 21 years old? Because if she wants to get marriage before the age 24 she can withdraw the money?. If she can withdraw the money what is the evidence we will provide for them before the marriage?
Another thing this scheme is under which policy? Any other government can change this policy? or we will lose due to any political situation? Also fix the rate of interest for the whole period?
Waiting for your valuable reply,
Thanks.
Reghunadh
sudhir tiwary
Dear Raviraj sir,
please let me know if i invest 5000 per month i.e. 60,000 per year for my child who is about 1.5 yrs old now. what maturity amount i can get.. kindly suggest.
regards,
sudhir tiwary
Bhindu
Hello Sir,
My Daughter is 10yrs and 8mths .
we are not in India now. How can i open the Account?
We will be coming to India in 2016 June(by the time she won’t be eligible)
Regards
Bhindu
Raviraj Parekh
Dear Neeraj,
This is scheme is open and last date is yet not announced. As per me Sukanya Samriddhi Account will remain in force for several years.
Raviraj Parekh
Dear Niranjan,
You can deposit different amount at different time in this account. If you have problem of money you need to apply to concern authority.After investigation they will approve your request and account can be closed.
Raviraj Parekh
Dear Anil,
Once you open Sukanya Samriddhi Account you have to deposit money up to 14 years.This account will mature after 21 years from date of opening account.You can withdraw 50% amount for marriage or education of your girl child.
Raviraj Parekh
Dear Praveen,
You can deposit amount in multiple of 1000 Rs/- any time in this account through out the year.
Raviraj Parekh
Dear Reghunadhan,
Answer of your queries is given below.
(1) You need to deposit money up to 14 years from date of opening this account.It is not related to age of girl child.
(2) You can withdraw 50% money from Sukanya Samriddhi Account for her marriage or education.She need to submit marriage proof e.g invitation card.
(3) This scheme is announced by government and rate of interest is variable announced by government every year. We can not say anything about what will happen to this scheme if government change.
Gananadha Lenka
Hi Raviraj, My daughter was born in US but we have applied birth certificate in India and we have received it. Can we take this schema for my daughter? Will there be any problem, if we decided to take US citizenship for my daughter after 18 years? What are all the documents required at the time of maturity?
Regards,
Gana
Ashis kumar Mohanty
The date of birth of my duaghter is 12.5.2003. In the next month she will be 12 years old.Will she be eligible to open an account under Sukanya Samrudhi scheme? Govt, has given a grace period of 1 year after 10 years for 2015. Please clarify me. Thanks.
Lalit Srivastava
I want to open a/c with 33000 annualy. my daughter dob is 23/10/2011 what will be her matured amount in 2036
manoj kumar
sir I want to 24000 per year deposit how much amount will return on maturity.My daughter is 2 year old
Raviraj Parekh
Dear Sudhir,
If you deposit 5000 Rs/- per month in Sukanya Samriddhi Account maturity amount after 21 years will be 30.78 Lac.
Raviraj Parekh
Dear Lalit,
Maturity amount will be 17.61 Lac if you deposit 33000 Rs/- annually in Sukanya Samriddhi Account.
Raviraj Parekh
Dear Ashis,
Your daughter is eligible to open Sukanya Samriddhi Account.Yes grace is given for opening of this account.
Raviraj Parekh
Dear Manoj,
If you deposit 24000 Rs/- per year maturity amount of Sukanya Samriddhi Account will be 12.81 Lac.
Raviraj Parekh
Dear Gana,
No provision is made for Investment in Sukanya Samriddhi Yojana by NRI.
Raviraj Parekh
Dear Bhindu,
You can send document and duly signed form with someone and try to open Sukanya Smariddhi Account.
Raviraj Parekh
Dear Samit,
Your point is valid but Sukanya Samriddhi Account rules says that account shall be operated by girl child and not by parents.
Gananadha Lenka
Ok Though we have birth certificate in India we are not eligible for this schema? I just want to confirm again.
Raviraj Parekh
Dear Ganandha,
As you said your daughter is born in USA.By default she will be citizen of US and green card holder.This scheme is not allowed for NRI that is the reason I said not eligible.
Gana
Thanks for your reply.. we have asked in post office reg same question and they told me that if we have birth certificate then we can apply for this schema.. but still we are thinking what will happen after maturity of this schema..
Regards,
Gana
Raviraj Parekh
Dear Gana,
As far as rule in concern NRI can not invest in Sukanya Samriddhi Scheme.I request as NRI you can look for other investment options like equity or real estate.
Gana
Thanks for your reply.. If we do a fixed deposite on behalf of my baby.. Is there any concern?
Regards,
Gana
Ganesh Ankam
Dear Sir,
Please comment on following questions for Sukanya Samriddhi Account.
1) my baby born 22 jun 2014, i was open account 21 April 2015. If i invest 12000 Rs/- per year.
2) How many year’s i will paid on our scheme 14 yrs or 21yrs?
3) After 14 yrs how many i’ll get money, also 21st yrs ?
4) One post officer told me when u baby child going married Government given 50’000/rs extra is this true? (as per this scheme)
Raviraj Parekh
Dear Jacqueline,
You can invest any amount in (Sukanya Samriddhi Account) multiple of 100 Rs/- (up to 1.5 Lac per year)
Raviraj Parekh
Dear Tymor,
Answer of your queries is given below.
(1) Husband and wife can contribute half of the amount in SSY and claim tax exemption benefit.Make sure that you are making payment via cheque from respective bank account.
(2) Online payment facility limited/Not available as of today.
(3) You can open Sukanya Samriddhi Account in SBI. However no information about online money transfer.
(4) If you deposit money this account will continue, else you can close it.
Regards,
Raviraj
Raviraj Parekh
Dear Ganesh,
You need to deposit money for 14 years. Maturity is on 21 years from date of opening this account.If you invest 12000 Rs/- per year you will get 6.31 lac as maturity amount.
Please note that Government will not give any extra money on marriage of girl child.
manoj
Hello Raviraj,
First of all the blog written is very fruitful and quite impressive. Now, Let me know on followings:-
1.Is it better to open PPF account instead of SSY, as liquidity of PPF account is easy, while SSY scheme having lock in period of 21 years?
2. is SIP in MF is better option for long term investment than SSY?
3. Now days, student complete their 10+2 in age of 16-17, while, the scheme can only give 50% of maturity for higher studies only after attaining age of 18 years. what is ur expert view?
4. Can this scheme open in SBI or other PSU banks in place of Post office ?
5. Is there any online facility to deposit the monthly installment or we needs to depend on deposition of cash/cheque only?
6.What would be procedure to get the maturity amount i.e. 50% upon attaining age of 18 years/ 100% upon attaining age of 21 years?
N K Gupta
please tell me name of bank and it;s branch address in Delhi where I can open an account for my grand daughter under Sukanya scheme
Raviraj Parekh
Dear Manoj,
Thanks for appreciation.Answer of your question is given below.
1.Is it better to open PPF account instead of SSY, as liquidity of PPF account is easy, while SSY scheme having lock in period of 21 years?
Yes from Liquidity point of view PPF is better choice, However Interest rate applicable on PPF is 8.7% while on SSY is 9.2%. Lock in period is kept in Sukanya Samriddhi Account because this scheme is design for Girl Child (Education/Marriage) if we withdraw money like PPF goal may not get fulfilled.
2. is SIP in MF is better option for long term investment than SSY?
SIP is defiantly good option for investment compare to SSY, however it is risky compare to SSY.
3. Now days, student complete their 10+2 in age of 16-17, while, the scheme can only give 50% of maturity for higher studies only after attaining age of 18 years. what is ur expert view?
Your point is valid that restriction 50% is less as per my view at least 75% of money to be allowed for withdrawal.
4. Can this scheme open in SBI or other PSU banks in place of Post office ?
You can open Sukanya Samriddhi Account in SBI and other PSU banks also.Total 28 Banks are authorized to open this account.
5. Is there any online facility to deposit the monthly instalment or we needs to depend on deposition of cash/cheque only?
Currently you need to deposit money by cash or cheque, However soon we will expect online money transfer facility.
6.What would be procedure to get the maturity amount i.e. 50% upon attaining age of 18 years/ 100% upon attaining age of 21 years?
50% money withdrawal is allowed for higher education (Any course after the schooling such as Graduation, Post-Graduation etc.) or Marriage purpose. Account holder need to submit withdrawal slip along with relevant proof like admission proof/fee receipt or marriage card or certificate.
On maturity, the balance including interest outstanding in the account shall be payable to the account holder on production of withdrawal slip along with the pass book.
Arindam Chakraborty
the age of my girl child is 5 month. If I invest Rs. 32000 per year starting from April 2015 how much will I get at her 21 years of age?
Ajay Bansal
Sir
I want to invest maximum . My daughter is 3 years old. What exactly I have to pay and what I will get . Kindly help .
Raviraj Parekh
Dear Mr.Ajay,
You can invest maximum 1.5 lac per year.You need to deposit this amount every year for 14 years from date of opening this account.Maturity amount will be approximate 80 lac after 21 years.
Raviraj Parekh
Dear Arindam,
If you invest 32000 Rs/- per year maturity amount in Sukanya Samriddhi Account will be approximate 16 lac.After 21 year of completion.
Raviraj Parekh
Dear Mr.Gupta,
You can approach Punjab National Bank they are opening Sukanya Samriddhi Account.
You can visit PNB website form here.
Abhishek
I would like to know while opening this account e.g I will start it with 60,000 / year. But later say 4 yr. I would to increase this amount to 1,00,000 / year. And than after 10 yr I’ll again increase it to 1,50,000.
Does it possible?
If possible than what would be my return?
Nishant
My daughter is 4 years old pl suggest what will be the last year of payment and maturity year
Raviraj Parekh
Dear Mr.Nishant,
Last year of payment will be 18 years of your daughter age (Money deposit for 14 years). Account will mature after 21 years of opening account.
Raviraj Parekh
Yes Abhishek, You can deposit any amount in multiple of 1000 Rs/-. Maximum investment limit per year is 1.5 lac.For maturity amount calculation please use Sukanya Samriddhi Account Calculator.
P.JOHN PETER
Dear Sir,
Last month (April 2015) I opened a Suganya savings account in nearest post office to my working place. My question is every month deposit amount to be done only at the particular post office or any other post office. Please reply.
Regards,
P.JOHN PETER
venkat
Dear Sir,
My Daughters D.O.B is 25-12-2005, i.e 10 years at present, what could be the best investment in SSA by considering of withdrawing total amount for her marriage at the age of 25 i.e 15 years from opening account
Please Help Me
Thanking You.
jimmy
sir , I Have two Daughters 6mnths and 5yrs want to invest 1.5 + 1.5 for both at the begining of year so want to know wht will be returns for the both at maturity.? and have to pay till 14 yrs of age or for 14 years i have to pay the amount.?
Raviraj Parekh
Dear Jimmy,
If you invest 1.5 lac yearly in Sukanya Samriddhi Account for 14 years maturity amount will be 78 lac.
Raviraj Parekh
Dear Venkat,
For you I will not advice to put all your money in SSA, because under SSA you will able to withdraw 50% on her marriage. As daughter age is 10 years and marriage age is 25 years I request you to consider other investment option like Mutual Funds or FD.
Raviraj Parekh
Dear Peter,
You need to deposit money in same post office.
Niharika
Hi,
Should I open the account in post office or a bank..if in a bank which one would be best in terms of accessability and ease of usage.
please suggest
Raviraj Parekh
Niharika,
It is better to open this account in Bank.As per my opinion State Bank of India will be best in terms of accessibility and ease of usage.
rejani
Can Nris invest in this scheme
Pronay Kumar Gayali
really it is gud for d girl child who are below 10 yes of age. save the children’s future. I don’t know whether it vil be for life time or not.
ketan
I have to daughter ,first one is 10 year old and second one is 4 year .If I invest 12000 each per year starting from June 2015 how much will I get at her, 21 years of age?
Subrata Karan
My Sister’s baby just 10months old. I want a account of Sukanna Samridhi of my Sister’s baby, also I want matuarity amount approx 10 lacs. So , how much the yearly invest?
dinesh sharma
hello sir
my daughter is now 8 yr, if i am deposit 5000 per month, then how much she will get on 21 yrs.
P K lAXMAN
My daughter is 1.5 yrs old. If I invest 12000 per year starting from March 2015 how much will I get at her 21 years of age?
Raviraj Parekh
No, NRI is not allowed to invest in Sukanya Samriddhi Account.
Raviraj Parekh
Dear ketan,
If you invest 12000 Rs/- per year in Sukanya Samriddhi Account for 14 years.Maturity amount after 21 years will be 6.4 lac.
Raviraj Parekh
Dear Karan,
You need to invest 20,000 per Year in Sukanya Samriddhi Account to get maturity amount of 10 lac after 21 years.
Raviraj Parekh
Dear Dinesh,
If you deposit 5000 Rs/- per month after 13 years (Your Daughter age 21 years) amount in account will be 14 Lac.
RM
My Daughter is 8 years old as of 2015 and have following questions.
1.) If I pay 1.5 L each year what will be maturity amount in my case.
2.) In my case my daughter will 21 after 14 years, so do i need to pay for the entire duration ?
shiv shankar marndi
who will receive the money after maturity. does girl need parents declaration for withdrawing maturity value as girl become eligible after 18 year. most asked question in post office by guardian during opening.
Lalit Srivastava
which scheme is most reliable and secure between PPF or Sukanya. may this scheme be closed in future after new gov formation. its doubtful
Santosh Kumar
Dear Sir/Madam
My daughter date of birth is 21/07/2008. If I invest 6000 per year starting from July 2015 how much will I get at her 21 years of age?
Sir/Madam I requested If you arrenage Table of Investment Age waiesd amount table. than i opening many accounts.
Thanking you
(Santosh Kumar)
M.No. 09509565968
J.srinivas
Sir,my dauthers age is 9 years.By investing Rs.1 lakh per annum how i can get at the age of 21 years in sukanya samrudhi accont
haseena shaikh
sir,
aapne jo calculate table show kiya h usme muze thoda confuse hu please clear my confusion.
per month 12500X12=150000 hoga but how to calculate interest? agar 150000 pr 9.1% se calculate kiya to 13650 answer aata h.aur apne 7394 show kiya h
Raviraj Parekh
Dear Shaikh,
Amount shown in SSA Calculator is for monthly hence it is 7349 Rs/-.
Raviraj Parekh
Dear Lalit,
As per me both these schemes (Sukanya Samriddhi Account and PPF) are safe.You can not doubt on SSA scheme like this, you may not be aware that PPF scheme was launched by Congress which is still running in NDA government.
madhavi
my Daughter DOB is 16-10-2004 .Can you please let me know if she is eligble .
Raviraj Parekh
Yes Madhavi, She is eligible to open Sukanya Samriddhi Account.1 Year grace period is given girl child up to 11 years age can open this account.
Raviraj Parekh
Dear Shiv, Girl will receive money after maturity.Girl does not anyone declaration for withdrawal of money.She can withdraw money after 18 years of age.
Raviraj Parekh
Dear Rahul,
If you pay 1.5 lac yearly maturity amount in your case will be 42 lac.You need to deposit money for 14 years.
Anbu Shan
Can i change the plan amount after few years? means if i start with Rs 100000 per year initially and if i change after few years say 5 years to Rs 50000 yearly. Is this possible
Also i want to know if i go for monthly plan, can i change the monthly amount differently but aggregate will be Rs 150000 per year? is that possible?
Raviraj Parekh
Anbu, You can change plan amount any time.Maximum money deposit under SSA per year is 1.5 Lac and minimum 1000 Rs/- per year.
Shyama Prasad Mandal
SIR, DOB OF MY DAUGHTER IS17/06/2008 AND I HAVE OPENED AN SSY ACCOUNT IN HER NAME. I WANT TO PAY 1,50,000 ANNUALLY AT A TIME.ON WHICH MONTH SHOULD I PAY THE AMOUNT FOR BEST BENEFIT AND WHAT WILL BE THE MATURITY AMOUNT AFTER 21 YEARS?
Rai singh
Sir ji. my daughter D.O.B.(05-08-2004) if I am deposit 3000 per month starting from June
2015.
1) maturity date (last instalment). 2)maturity money
Raviraj Parekh
Dear Shyama,
You need to pay 1.5 lac annually during starting of year in April 1st week to fetch maximum benefit.If you deposit 1.5 lac yearly you will be getting approximate 80 lac at maturity.
Raviraj Parekh
Dear Srinivas, If you deposit 1 lac per year in Sukanya Samriddhi Account you will get 22 lac once your daughter age is 21 years.
Raviraj Parekh
Dear SantoshKumar,
If you deposit 6000 per year in Sukanya Samriddhi Account you will get 1.71 lac after 14 years (Age of your daughter 21 years).
Regards,
Raviraj
Raviraj Parekh
Dear Rai Singh, Your daughter age is 11 years. If you continue deposit 3000 Rs/- per month for next 10 years (Daughter age 21 years) maturity amount will be 5.76 lac.
Aditya verma
Can i transfer my sukanya samridhi yojna acct from one bank to other or from post office to bank.
ramasubramanian
Dear sir,
I want to investment the money in Yearly Basis . suppose if I pay the yearly amount in June’15 means, How it will be calculate the interest. If there any quarterly interest rate for Yearly investment. i.e april to june like that
ajay goyal
My daughter is borned on 26 dec. 2003 can i partcipate in sukanya smridhi yojna. How much i will get when she will be 21yeas old if i invest 12000 rs annualy
Raviraj Parekh
Yes, Aditya You can transfer Sukanya Samriddhi Yojana account from one back to other bank or from post office to bank.
Raviraj Parekh
Dear Rama,
Interest calculation is done on monthly basis.
Raviraj Parekh
Dear Ajay
One-year extension is given and girl child born between 2.12.2003 & 1.12.2004 is eligible to open sukanya samriddhi account up to 1.12.2015.Download calculator to calculate maturity amount.
payal sharma
My daughter is 9 yrs old. If I invest 12000 per year starting from April 2015 how much will I get at her 21 years of age?
amit tawade
Thanks a lot .. This is excellent information provided on SSA .. Keep up the good work !!!
Nasheer
Hi Raviraj,
My baby recently born(18th July), I can apply plan and let me know wt are the documents required.
Thanks,
Munna
Raviraj Parekh
Hello Nasheer,
You can invest in SSY.You need following documents –
Birth certificate of girl child
Address proof
Identity proof, Residence proof
Two photographs of legal guardian
Regards
gaurav mittal
my daughter is 2 years old now i am depositing Rs 2000/-monthly from 09/06/2015 i want to know that what is the maturity amount of my daughter ‘s 21years old
Anilkumar Titariya
My daughter is born 13th December 2003, how many years i want to deposit money and how much
Raviraj Parekh
Dear Mr.Anilkumar,
You need to deposit money for 14 years from the date of starting Sukanya Samriddhi.
Raviraj Parekh
Dear Mr.Gaurav,
If you deposit 2000Rs per month in SSY you will get 12.14 Lac as a maturity amount after 21 years.
Prabha
Hi,
My sister is staying in Canada. Her husband recently passed away in Canada when she was 37 weeks pregnant. She got a baby girl & she is 1 month old & they both are staying in Canada. As the kid was born in Canada. I just want to know whether, we can open SSA on the name of the kid.
Prabha
Raviraj Parekh
Dear Prabha,
It’s very unfortunate that your sister’s husband passed away.
As per current rules NRI can not open Sukanya Samriddhi Account.You can make an investment in PPF/Fixed deposit on your name on her behalf.
Raviraj
Sreenivasulu Dasari
Hi,
I recently opened SUKANYA SAMRIDDHI ACCOUNT in post office.
is there any variation in Interest rate if i deposit 2000 monthly for first 3 months and 1,44,000 in the last month of the year? for example 1st month i deposited 2000, 2nd month i deposited 1000/-, 3rd month i deposited 4000/- later in the 12th month i deposited 1,43,000. totally i deposited 1,50,000.
Raviraj Parekh
Dear Sreenivasulu, Interest on Sukanya Samriddhi Account is calculated on yearly basis,Yearly compounded.Current Interest rate is 9.2%. Interest calculation happens at the end of year means if you deposit different amount in this account in different month final interest calculation happens at the end of year on total balance in account.
Molly Bino
My daughter is 9 years old. I would like to invest 1000/- per month. How many years I have to invest and when I can get the full amount.
Sreenivasulu Dasari
Hi Raviraj,
Thank you for your response!!
As per you, interest calculate will be on yearly basis.
I opened this account in Feb 2015 so the interest rate calculation will be in Feb 2016 or is there any particular time period like April to April?
Raviraj Parekh
Dear Sreeni, Interest calculation for Sukanya Samriddhi Account will be done same as that of PPF at the end of financial year.(April to March)
Raviraj Parekh
Dear Molly, You need to invest in Sukanya Samriddhi Scheme for 14 years and you will get your money back after 21 years.
Kuldip Sharma
Dear sir,
I have some questions:
1. Is there any bound that income tax payee may open these account for their baby girl?
2. as per asked above question and your reply- ” If someone can not continue installment after certain yrs for e.g. After 7 yrs he can not continue” – “account will become discontinued”.
So when these amount will be paid later and the candidate will be getting interest on the deposited amount till the end of 21 years?
Raviraj Parekh
Dear Kuldip,
Answer of your queries is given below.
(1) Sukanya Samriddhi Account can be opened for Girl child (Age up to 10 years) by parents or legal guardian.No question of Income tax payee arise.
(2) Account can be closed/discontinued only in the case if financial condition of parents is not good and running this account is causing extreme hardship to account holder.You need to submit relevant proof along with application for the closure of account. This is about to scrutiny. Amount and Interest will be handed over to Investor.
Hope I have cleared your doubts.
pabitra kumar rout
Sir..
My daughter is 5 month .I have invest 12000 /Rs per annum how much will get on maturity.I have open the account in post office in ordissa but next deposit in other state post office possible…?
Prashant
Dear raviraj
First of all thanks and congratulations for good job.
1. I want to know wether online money can be transfer in this account
2. Name of my daughter is wrongly printed in birth certificate. She is doing her studies correct name. Do I need to make correction in birth certificate
Raviraj Parekh
Dear Prashant,
Answer of your question is given below.
(1) Online option for money transfer is not available for sukanya samriddhi account scheme.
(2) I suggest to correct name of daughter in birth certificate before applying for this account.
shravan
Hi Sir,
Present This Account will going Manual in the post office, if its coming online also are not.
1.My Question is after 21 year a guardian persons are changed likes senior or senior citizens just like that so how could you identify that persons.
AJAY
I HAVE OPENED A SUKANAYA SMRIDDHI ACCOUNT WITH POST OFFICE BY DEPOSITY CASH OF 5000 .
NOW WHEN I WANT TO DEPOSIT AMOUNT BY CHEQUE , THEY ARE TELLING THEY ACCEPT ONLY CASH FOR THIS SCHEME .
KINDLY LET ME KNOW THE OPTION .
Raviraj Parekh
Dear Ajay,
They should accept cheque for sukanya samriddhi account.You can ask them to refer to RBI guideline. Another alternative is to transfer your account from post to bank.
Meenakshi sundaram
Is this account can be open for a infant of 08 months ? Please confirm
Raviraj Parekh
Yes Meenakshi, You can open Sukanaya Samriddhi Account for Infant.
Raviraj Parekh
Dear Sharvan,
This account will remain manual only. It will not go online. Regarding identification I am unable to understand why it is required? Account will be on the name of Girl Child.
Rinku
My daughter is now 5 Years old. I need 20 lakhs rupees as maturity amount at her 21 st age . can you give me the calculation. waiting reply…thanks..
Raviraj Parekh
Dear Rinku,
You need to invest 6700 Rs monthly or 75,000 Rs yearly in SSA account to get maturity amount of 20 lakhs.
mahesh pardeshi
dear sir
my daughters dob is 22 sept 2008. if i pay 10000 per month, what wiil i get at maturity? and if i start from this month sept 2015 how many years i have to pay (date)?
and what if i die before payment due date?
and what ll happen if i may stop to pay in between?
Raviraj Parekh
Dear Mahesh,
Maturity amount will be 6 Lakh.You need to pay up to 14 years.You can close this account if you die. Relevant proof needs to be given.You can stop payment in between.
Parshant Goyal
Good Afternoon !
Thank you for all the information.
I have just one query.
Can we use maturity amount for other purposes apart from Girl Child Education & Marriage with due consensus from girl child ? For example to expand business.
Raviraj Parekh
Dear Prashant,
Very Good Question. Prashant this scheme is launched with Objective of Beti Bacaho Beti Padhao. Prime intention is to make sure that girl child get good education. Sukanya Samrridhi can be opened and operated by girl child only. You can use this money for expansion of business, however i feel you should not dilute purpose of this scheme.Hope i have answer your question.
Thanks
Parshant Goyal
Thank you for the reply.
Definitely girl child education & marriage is the top most priority.
Rohit Singh
My daughter is born in US and she is US citizen and PIO/OCI holder. Can I avail SSY scheme?
Raviraj Parekh
Dear Rohit, As your daughter is born in US, she can not open Sukanya Samriddhi Account.
Amarjeet
Dear Sir
i opened account on May 2015 with Rs 1000 , after not deposit any amount , but want to deposit .
So pls tell me what is time / schedule procedure to deposit amount.
or
have any bounded time period in this ?
Amarjeet
Dear Sir
Also reply that how i can cross verify account summary (Deposit amount) in post office,
when my account is linked with bank account .
Raviraj Parekh
Dear Amarjeet,
You need to deposit money minimum once in the year, accordingly please deposit money before May 2016.
Raviraj Parekh
Kindly visit bank and take printout of account statement on Passbook.
Amarjeet
Thank you Sir for reply .
But my account in post office , and i received a pass book , is that sufficient .
rajesh
I have opened SSY acc in my daughters name in november 2015. What about the interest rate calculations for financial year 2015-16 & 2016-17. Assuming it may vary say 9.2% is current interest rate and 9% for next financial year. Also how should i deposit amount, is it from the date i opened acc(14th nov 2015) to 14th nov 2016. or do i have to pay 150000 on 1st april 2016. little bit confused as i want to invest once in a year(150000).
Your response is highly appreciated
Raviraj Parekh
Dear Rajesh, Interest rate for the FY 2016-17 is yet to be disclosed by the government of India.It is best to contribute at starting of April so that you can fetch maximum interest same as that of PPF.
shyam dass
dear sar my two girl child one child is a already opened and second child is open SSA yojna authority yes no please reply
Raviraj Parekh
Sukanya Account is permissible up to 2 girl child.If anyone refuse to open the account for second child ask them to refer to guideline published by the government.
Suresh Kumar
Dear All,
I have opened SSA in PNB Punjabi Bagh branch New Delhi-26 last year.
They have not provided me SSA passbook as per Govt.standard.
They have provided me PNB passbook and deposited cheque in that account and same day they transferred the amount to Nagpur bank (according to bank) .Now its showing ZERO in my passbook.
Is it normal ??
If they should issue me another passbook where they have transferred the amount.
Please reply.
Thanks
Suresh Kumar
Raviraj Parekh
Dear Mr.Suresh,
PNB should issue Sukanya Samriddhi passbook and it should show amount deposited by you as a balance. Kindly contact Bank authority.
Pavan
Hi RaviRaj,
Let me thank you for providing detail information about this Scheme to everyone. My question is: If I deposit Rs. 1000 on the first month and second month I deposited Rs.8000. And then in the 3rd month I didn’t deposited anything. But I have deposited Rs. 16,000 on 4th month. Like wise if I deposit Rs. 1,00,000 after end of the year. How would be the calculation for that particular year and the maturity amount at the end of 21 years. Kindly clarify.
Thanks & Regards,
Pavan Kondreddy
Raviraj Parekh
Dear Pavan, Thanks for your question. Calculation of Sukanya Samriddhi Account is same at that of PPF. A Return is calculated based on lowest balance in account on monthly basis and credited on yearly basis.
Laavanya
Hello sir
My 2 year old daughter was born in Oman. We have got Indian Birth certificate through Indian embassy there. I returned to India a year before and planning to settle here with my daughter. Is it possible to open SSA for her?? Kindly reply..
Thanks in advance
Raviraj Parekh
Dear Laavanya,
As per Sukanya Samriddhi Scheme NRI are not allowed to invest in this scheme.As you are now settle in India you can approach bank/post office for opening this account. I hope they will allow.
Laavanya
I thank you very much for ur response .. I ll enquire in post office
AJAY BANSAL
I had opened a sukanya samridhi account with my near by post office . They are not accepting the payments by cheque . They are also refusing to transer the account to other bank . they are saying that its been same facilities has been closed temporarily . kindly help
GIRISH MEHTA
Dear Sir,
can i deposit Rs 150000/- in my ppf a/c as well as Rs 150000/- in sukanya smridhi a/c & get interest exemptions from both the a/c’s
pl reply by mail
thx
regards
Girish Mehta
Raviraj Parekh
Dear Girish,
Very good question.Yes you can deposit 1.5 lac in PPF and Sukanya Smariddhi Account each and avail Interest Exemptions.
Raviraj Parekh
Dear Mr.Ajay,
They must accept payment by Cheque under Sukanya Samriddhi Account.If they refuse to accept it you are requested to contact Post Master of the said post office. It they still deny you must plan to transfer your SSA account from post office to other Bank.
mohan
hi Raviraj,
1) Is it good to start investing in this scheme anytime or better to start at start of financial year @April month
2) Which option will give higher returns, monthly or yearly.
Please advise.
sri
My daughter is 8 years old (She will complete 8 years by this July 2016). If I invest 1,00,000 per year, and If I opt of yearly payment,
1. Should I pay at the beginning or at the end of the deposit year.?
2. When my daughter reaches 18 years of her age, how much return will I get for her higher education? on what basis the return 50% will be calculated. Will that be on deposited/maturity amount at the time her 18 years of age.
Raviraj Parekh
Dear Mohan, It is better to start investment at the start of Financial year same as that of PPF. You should make yearly investment before 5th April to get maximum returns.
Raviraj Parekh
Dear Sri, You should pay this money at the beginning of year before 5th April every year.If you continue to deposit this amount every year account balance will be 16 lac (after 10 years) when your daughter reaches 18 years of age. You will able to withdraw 50% amount from the same.
PAWAN KUMAR
dear sir / madam
suknaya samiridi yojna me 9.2% intrest rate gauranted h ya non guranted
non gauranted h to minimum kitna h
jo calculation aapne dikhai h kya wahi maturity milegi 21 saal baad
Raviraj Parekh
Sukanya Interest rate is variable and decided on every quarter.Recently government has slashed rate.New rate from April 2016 onwards is 8.6%.
Nawaz Shariff
Hi Friends,
As per my knowledge the scheme which has been initiated by government is awesome.
But I have a couple of questions regarding above conversations of Molly Bino and Raviraj Parekh.
As molly said their daughter is 9yrs old and they want to invest 1000k per month and as per raviraj if they invest for 14yrs it means child would have completed 9+14=23yrs.
My questions is if the maturity of the investment will be for 21yrs, then when Molly will get their amount after 23yrs or 21yrs.
Waiting for your reply.
Raviraj Parekh
Dear Nawaz,
Maturity of account is linked with date of opening account and not the age. It will mature after 21 years from the date of opening account.
Ravi Kashyap
I have three daughters aged 5 yrs, 3 yrs, and 4 months respectively. i can deposit Rs.50000 for each daughter in one year. How much can i get after the completion of the period for every daughter.
Raviraj Parekh
Dear Mr.Kashyap,
If you deposit 50,000 Rs in each account you can get maturity amount around 24 L in each account considering interest rate 8.6%.The maturity of the account is 21 years from the date of opening of the account or as girl child gets married whichever is earlier.
vinesh
I have deposited 74000 from April 2015 to march 2016 . Now l have updated my pass book I got 2500 interest only . I think it is very low returns
Azeem
Hi Raviraj,
I will deposit 3000 rupees every month till 14 years so, how much amount will I get till my daughter turns upto 21 years. She is one year old now
srenu
Why on-line payment not available in SSA.
Is there any on-line payment available in any of the bank.
Raviraj Parekh
Yes Online Payment option is available Sukanya Samriddhi Scheme.You can contact SBI for more information.
Suresh kumar
Hi Vinesh,
You should be getting 7046/- as interest.
Thanks
Suresh kumar
Akshara
My daughter ws born in June 2005 , now her age is 10 years 10months ,eligible or not, please clarify ??
Raviraj Parekh
Dear Akshara, As her age is 10 years+ she is not eligible for sukanya samriddhi scheme.
meenakshi
Dear sir, my daughter is 1old im interested on this how many years we deposit money
Pawan
Sir,
If a person is having PPF a/c and Sukanya a/c in the name of girl child, then is he will be getting rebate for both under 80c i.e ₹1.5 lakh+₹1.5 lakh =₹3 lakhs
Raviraj Parekh
Dear Pawan,
80C section limit is 1.5 Lac. You will not get benefit of 3 lac if you keep both account PPF and Sukanya.
Ananya
when i open the account on 15.05.2015 deposited rs 1000/- then on 15.03.2016 rs. 12000 deposited so how much interest i will get ?
Jestin
Sir
If I invest 1lakh first year 2 nd year 50000rs 3 rd year 1 lakh 4th year 50000rs 5th year 1 lakh a total investment of 4 lakh total investment in 5 years and till 14 year I’m investing minimum 1000rs yearly. What will be the maturity amount when my daughter become 21 years. Please advise me that I want to plan accordingly. Now uae daughter completed 10 months
sheetal Modi
Hi,
My daughter is 15 April 2006 born .so she is now 10 years 1 month.any grace period is applicable.Can i avail it for her still?
Thanks
Sheetal
Milind
Hi, My daughter is 10 years 7 months now (DOB 4th Oct. 2005). Is she eligible for opening this account?
Thanks
Milind
Reena Sharma
My daughter is 5 years old I want to know about how much amount I’ve to invest in sukanya samridhi yojna to get 25lacs in the age of 21 years of my daughter???
Jaimish Pandya
Hi Raviraj,
My daughter will be 4 in coming October. my question is right now she is indian citizen but after 3 to 4 years she will be Australian citizen so will she get her maturity amount at the age of 21?
Raviraj Parekh
Dear Menakshi,
You can open Sukanya Samriddhi Account.You need to deposit money up to 14 Years.Maturity of account is after 21 Years.
Raviraj Parekh
Hi Jaimish,
Very Good Question. Unfortunately this scheme is for Indian Citizen only.If your daughter will become Australian Citizen you need to close the account and withdraw the remaining amount from account. You can not continue this scheme.
Raviraj Parekh
Dear Milind,
Unfortunately as your daughter has crossed 10 years of age she is not eligible for Sukanya Samriddhi Scheme.
Raviraj Parekh
Dear Sheetal,
No grace period is applied.However, you can take chance by contacting Post office they might accept your application for Sukanya Samriddhi Scheme.
Nalini
Hi sir,
I have started this scheme and I have payed 2 monthly installment. Now I need to change nomie name,due to IT reason . Is this possible?
abhijit nanda
Can I verify my girls SSA a/c on line whether my money is deposits or not ?
Priyanka Dey Basu
What in case of death of the parent? Will it be continued or the amount will be refunded?
Raviraj Parekh
Dear Priyanka,
In case of death of parents you can close the account and take back refund.
Raviraj Parekh
Dear Abhijit,
Online option for viewing Sukanya Samriddhi Account is not available as on today.
Raviraj Parekh
Dear Nalini,
You can change the name of Nominee in SSA account.Approch bank or post office wherever you have opened the account.
sarika
Hi my daughter is 2.5 years old. I want to invest 25000/- per annum. What will be the maturity amount after 21 years.
shirish
Dear sir,
my self Shirish ,My Duaghter is 2 year old ,my planing Every month 2000R.s OR 4000R.s Contribute,so plese Ans me ,21 year old what value of my Deposite Benifit ??
Raviraj Parekh
Dear Ananya,
At the end of year you will get interest amount Rs.264 in your account.
Raviraj Parekh
Dear Sir,
It is difficult to calculate exact return now as interest rate is variable and future interest rate is not known.
Raviraj Parekh
Dear Reena,
As interest rate is variable we can not say exact amount.However, you need to invest approximate 4000 Rs per month to get 25 lac as maturity amount.
Raviraj Parekh
You are likely to get 20 to 25 lac if you deposit 2000 Rs to 4000 Rs per month.
Raviraj Parekh
Dear Sarika,
If you invest 25000 Rs per annum you are likely to get 12 lac maturity amount.
Mdfiroj
How can I transfer my ssy account from post office to SBI.
Arul
Any scheme for boy child. for money deposit ?
Aruna
HI sir,
Really helpful scheme to the public as I have a doubt on this that if I pay rs.1000 yearly for 14 years after 21 years the maturity amount I will receive is 6lakh rupees.
But it seems to be wrong to my knowledge and sir can u pls let me know what would be the maturity amt if I pay rs 5000 yearly as we are financially not so strong, I tried to calculate in SSY calculator but there is an error occurring while downloading.
Hoping a quick response.
Raviraj Parekh
Dear Sir,
In order to transfer your SSY account from post office to SBI you need to visit post office and submit the passbook given to you by post office at the time of opening account.
You need to inform to post office executive that you want to transfer your account and he/she will prepare necessary documents for transferring account.
Once your documents are ready visit SBI branch and submit this KYC documents. New passbook will be issued to you.
Raviraj Parekh
No scheme for boy child.However, you can invest in Fixed deposit
Raviraj Parekh
Dear Aruna,
If you deposit Rs.5000 Per year in Sukanya Samriddhi Scheme you are likely to get 2.5 Lac as maturity amount after 21 years.
rojalin behera
my daughter is 10 years old.i will invest Rs12,000 per year. after14 year how she will get after21 year. pls
replay me and send me the calculater base final receiving.
Raviraj Parekh
Dear Behera,
Maturity of account take place after 21 years from the date of opening account.In your daughter case you can withdraw money for marriage or education need.
Md saif
I open ssy account as monthly deposit . can i convert to yearly deposit. is this possible ?
is it difference of maturity value on monthly & yearly deposit?
D R REDDY
great option for girl child for who live better in future
Raviraj Parekh
Dear saif,
You can deposit money in the account anytime.It is not like monthly or yearly scheme.Maturity value will be high if you deposit in the starting of financial year.
Anji
I have 4years old baby. Now I want to invest 1500 per month .after maturity how much my baby will get
Suraj choudhari
Dear Sir,
I have open SSY account of my daughter in age of 4 month ,year of march 2016 and i have deposit monthly basis 5000/- amount.
How much amount received after maturity ?? please confirm.
With Regards,
Suraj choudhari
INDIAN KUMAR
श्रीमान जी मेरी पुत्री की जन्म तिथि 29/03/2010 है मैंने 2017 जनवरी में सुकन्या समृद्धि योजना में स्टेट बैंक ऑफ़ इंडिया में 12000 रु जमा करना है तो मुझे कब और कितनी राशि वापस मिलेगी।
sanjeev Sharma
When Sukanya Samriddhi yojana launched on 22 January.2015 and my birth date is 11/03/2014. That time she was not eligible to open the account but one year relaxation given by government whose daughters are below 11 years of age can open the account. I had open the account with post office but my confusion is that she was eligible as per birth date for the same or I made a mistake or eligibility is being take up by system designed for this scheme. I had open the account in the month of April’15.
Pls clarify. I was right or wrong.
Regards,
Sanjeev Sharma.
Raviraj Parekh
Dear Sanjeev,
Maturity of account is 21 years after account opening date. It is not related to age of your daughter.
Raviraj Parekh
Sir,
Maturity of this account will take place after 21 years.This means account will mature in the year 2038.Maturity amount will depends on money deposited and interest applicable time to time.
Ranjan Kumar
I’m VIPUL Ranjan my daughter is 3years old. I opened the A/c already on 2015 .i want know if i deposited 5000 per month in a/c .then after 21 years Or 2036 .i will get total amt ple you are requested reply to me
Raviraj Parekh
Dear Vipul,
You will approximately get 2.42 Lac after 21 years considering average interest rate of 7.5%.
SUDARSHAN
Good Morning Sir, My brothers daughters age is 9 yrs . If I deposit ₹1000/- per month. How much amount to get
Bala
Hi my girl just 6 months old, if I need 25 lakhs for maturity, how much I need to pay monthly
Raviraj Parekh
Hi Bala,
You need to invest approximate 5000 Rs per month for getting 25 Lakh on maturity considering interest rate 7.8%.
Raviraj Parekh
Dear Sudarshan,
If you deposit 1000 Rs/- per month maturity amount would be 607128 Rs/-
If you deposit 12,000 Rs/- yearly in month of april(starting of year) maturity amount would be 631261 Rs/-
Regards,
Raviraj