Sukanya Samriddhi Account

Deduction under section 80C and Tax Planning

Income Tax - Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

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8 Income Tax Saving Schemes with Good Returns & Tax Benefits

Income Tax - Article discusses Rate of Interest, Limit of Investment and Income Tax Benefit from Investment in 8 Most Popular Tax Saving Instruments in India i.e.  1,2,3 and 5 year Time Deposit, 5 Year National Savings Certificates VIII Issue (NSC), 5 Year Post office Recurring Deposit(RD), 15 year Public Provident Fund (PPF), Post office Saving  Ba...

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Sukanya Samriddhi Account – 9 things to know

Income Tax - The Central Government initially launched the ‘Sukanya Samriddhi Account’ programme in January 2015 with an objective to promote the welfare of girl child. After that the Government has further notified new Sukanya Samriddhi Account Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 914(E). It is a small depo...

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Analysis of Sukanya Samriddhi Savings Account

Income Tax - Sukanya Samriddhi Savings Account (Sukanya Samridhi Yojna) launched by Govt recently has received very good response as PM Mr. Narendra Modi gave personal attention to this scheme as a part of ‘Beti Bachao Beti Padhao’ campaignThis long term savings plan which aims to provide wealth in two stages, viz at the time of higher education o...

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Sukanya Samriddhi Yojana – An Investment & Tax Saving Plan

Income Tax - Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child. It is currently fetching higher interest rate and provides income-tax rebate....

Read More

Rate of interest w.e.f. 01.01.2018 to 31.03.2018 on small savings schemes

Income Tax - The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:...

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Reduction of 0.1% in interest rates on Small Saving schemes

Income Tax - Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched....

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Statewise & Bankwise details of Sukanya Samriddhi Account Scheme

Income Tax - Government is continuously monitoring the progress of Sukanya Samriddhi Account Scheme. It was launched on 2nd December, 2014 and since then the number of accounts opened under this scheme have been showing upward trend and 99,96,085 accounts have been reported opened till 31st October, 2016 and Rs. 9455.30 crore have been deposited unde...

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Interest rate cut by 0.10% on KVP, PPF, SCSS 2004 & Sukanya Samriddhi

Income Tax - The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum....

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Interest Rates on Small Savings Schemes w.e.f. 01.07.2016 to 30.9.2016

Income Tax - On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: ...

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Sukanya Samriddhi Account Scheme, 2019

Notification No. G.S.R. 914(E) - (12/12/2019) - MINISTRY OF FINANCE Department of Economic Affairs) NOTIFICATION New Delhi, the 12th December, 2019 G.S.R. 914(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. Shor...

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Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc.- Issued New Rules

Notification No. G.S.R. 912(E) - (12/12/2019) - Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior C...

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Interest Rate on Sukanya Samriddhi Account w.e.f. 1st July 2019

G.S.R. 505(E) - (16/07/2019) - Central Government hereby notifies that subscriptions made to Sukanya Samriddhi Account fund on or after 1st day of July, 2019 and the balances at the credit of the subscriber shall bear interest at the rate of 8.4 per cent. per annum....

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Interest rates of NSC, PPF, KVP, SSAS, SCSS for Q1 of FY 2019-20

rates of interest on various small savings schemes for the first quarter of financial year 2019-20 staring Ist April, 2019 and ending on 30th June, 2019 shall remain unchanged from those notified for the fourth quarter of financial year 2018-19....

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Small Savings Schemes Interest Rate for 01.01.2019 to 31.03.2019

F. No.01/0412016-NS - (31/12/2018) - Rates of interest on various small savings schemes for the fourth quarter of financial year 2018-19 starting 1stJanuary, 2019, and ending on 31st March, 2019, on the basis of the interest compounding / payment built-in in the schemes,...

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Recent Posts in "Sukanya Samriddhi Account"

Deduction under section 80C and Tax Planning

Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

Read More
Posted Under: Finance | ,

8 Income Tax Saving Schemes with Good Returns & Tax Benefits

Article discusses Rate of Interest, Limit of Investment and Income Tax Benefit from Investment in 8 Most Popular Tax Saving Instruments in India i.e.  1,2,3 and 5 year Time Deposit, 5 Year National Savings Certificates VIII Issue (NSC), 5 Year Post office Recurring Deposit(RD), 15 year Public Provident Fund (PPF), Post office Saving  Ba...

Read More
Posted Under: Finance |

Sukanya Samriddhi Account – 9 things to know

The Central Government initially launched the ‘Sukanya Samriddhi Account’ programme in January 2015 with an objective to promote the welfare of girl child. After that the Government has further notified new Sukanya Samriddhi Account Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 914(E). It is a small depo...

Read More
Posted Under: Finance |

Analysis of Sukanya Samriddhi Savings Account

Sukanya Samriddhi Savings Account (Sukanya Samridhi Yojna) launched by Govt recently has received very good response as PM Mr. Narendra Modi gave personal attention to this scheme as a part of ‘Beti Bachao Beti Padhao’ campaignThis long term savings plan which aims to provide wealth in two stages, viz at the time of higher education o...

Read More
Posted Under: Finance |

Sukanya Samriddhi Yojana – An Investment & Tax Saving Plan

Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child. It is currently fetching higher interest rate and provides income-tax rebate....

Read More
Posted Under: Finance |

Sukanya Samriddhi Account Scheme, 2019- Detailed Analysis

Government has notified new Samriddhi Account Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 914(E). Article explains Opening of account under Sukanya Samriddhi Account Scheme, 2019, Deposits under Sukanya Samriddhi Account, Interest on deposit under Sukanya Samriddhi Account, Operation of account under Sukanya Samri...

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Posted Under: Finance |

Sukanya Samriddhi Account Scheme, 2019

Notification No. G.S.R. 914(E) (12/12/2019)

MINISTRY OF FINANCE Department of Economic Affairs) NOTIFICATION New Delhi, the 12th December, 2019 G.S.R. 914(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.- (1) This Sche...

Read More

Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc.- Issued New Rules

Notification No. G.S.R. 912(E) (12/12/2019)

Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior Citizens Savings Scheme Rules, 2004, Kisa...

Read More

Interest Rate on Sukanya Samriddhi Account w.e.f. 1st July 2019

G.S.R. 505(E) (16/07/2019)

Central Government hereby notifies that subscriptions made to Sukanya Samriddhi Account fund on or after 1st day of July, 2019 and the balances at the credit of the subscriber shall bear interest at the rate of 8.4 per cent. per annum....

Read More

Should NRIs Invest In PPF, SSY, Mutual Funds SIP & Insurance?

Are you concerned about investment? It’s always good, as you may get your fingers burnt. Simply say, you may suffer financially due to any reason. You, being an NRI, may have more than enough earning. But, the uncertainty can anytime take a toll. To meet those unexpected financial losses, you should always premeditate. This is […...

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Posted Under: Finance |

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