SBI SSA

Hi I am interested in having the details of Sukanya Samriddhi Account which is offered by State Bank of India?

Sukanya Samriddhi Account has been presented vide Government of India Notification No. G.S.R.863(E) dated December 02, 2014 and flowed to Banks by Reserve Bank of India vide their letter No.RBI/2014-15/494/IDMD(DGBA).CDD/No.4052/15.02.006/2014-15 dated eleventh March 2015. Office to open records under the plan is presently accessible at all SBI branches.

Objective:

To advance the welfare of Girl Child

Who can open the account:

A characteristic/legitimate gatekeeper for the benefit of a young lady tyke

Greatest number of records: Upto two young lady kids or three if there should be an occurrence of twin young ladies as second birth or the main birth itself brings about three young lady kids

Least and Maximum Amount of Deposit:

Min.1000 of starting store with numerous of one hundred rupees from there on with yearly roof of Rs.150000 in a monetary year

Tenure of the Deposit:

21 years from the date of opening of the record

Most extreme period upto which stores can be made:

14 years from the date of opening of the record.

Interest on Deposit:

As advised by the GOI, exacerbated yearly with choice for month to month intrigue pay-outs to be ascertained on adjust in finished thousands.( Current rate 8.60%w.e.f first April, 2016)

Tax Rebate:

As pertinent under area 80C of the IT Act, 1961. In the most recent Finance Bill, the plan has been broadened Triple absolved advantages i.e. there will be no duty on the sum contributed, sum earned as premium and sum pulled back.

Untimely Closure:

Allowed in case of death of the investor or in instances of outrageous humane grounds, for example, therapeutic help in life undermining sicknesses to be approved by a request by the Central Government

Premature Payment/Revival of account:

By installment of punishment of Rs.50 every year alongwith the base indicated sum every year

Method of Deposit:

Cash/Check/Demand Draft/Transfer/online exchanges through web Banking .

SIP:

Standing Instructions can be given either at the Branch or set through Internet Banking for programmed credit to Sukanya Samriddhi Account .

Withdrawal:

half of the adjust lying in the record as toward the finish of past monetary year with the end goal of advanced education, marriage in the wake of accomplishing the age of 18 years.

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Answered By StudyChaCha Member