Sukanya Samriddhi Yojana
Income tax savings via post office schemes: 5 small savings options that save tax under Section 80C
Post Office Savings Schemes are secure investment options in India, offering tax benefits under Section 80C of the Income Tax Act. The following Post Office Savings Schemes offer tax benefits under Section 80C of the Income Tax Act.
Happy Women’s Day 2025: How women investors have evolved in the past few years
Women are increasingly becoming significant players in the financial world, with more of them making autonomous investment decisions and engaging in a diverse range of investment options. Their growing financial confidence is supported by enhanced access to financial education, digital platforms, and community support, leading to substantial economic and social shifts.
These Sec 80C options can be good investments even without tax breaks in new tax regime
Though these deductions find no place in the new tax regime, here’s why some investments still deserve a place in your portfolio.
Has Section 80C deduction limit hiked? Check how much tax you can save after Union Budget 2025
No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax Act is available under the old tax regime only. For the upcoming fiscal year 2025-26, an eligible taxpayer will be able to claim the same maximum deduction of Rs.1.5 lakh under Section 80C.
Sukanya Samriddhi Yojana interest rate 2025: Has SSY interest rate been hiked for Jan-Mar 2025?
Sukanya Samriddhi Yojana interest rate 2025: The Sukanya Samriddhi scheme aims to motivate parents to make contributions for their daughters’ future. To make it attractive for parents, the scheme offers high interest rates and tax benefits.
Promoting STEM education and women’s participation in tech fields
STEM education is critical for societal and personal development, requiring increased participation from women. Despite progress, stereotypes and lack of access hinder girls' involvement in STEM. Initiatives like DST, AICTE scholarships, and national programs aim to enhance women's presence and opportunities in STEM fields.
Will the government announce any tax benefits in NPS Vatsalya in Union Budget 2025?
Union Budget 2025: NPS Vatsalya is an initiative aimed at helping parents plan for their children's financial security. However, there is no clarity on tax benefits on investments under the new scheme. With Budget 2025 just around the corner, will the government announce any tax benefits to incentivise parents to invest in NPS Vatsalya?
How to open a Sukanya Samriddhi Account | Step by Step Guide
Generally, all banks that provide the facility to open a Public Provident Fund account offer one for Sukanya Samriddhi Yojana too.
Sukanya Samriddhi Yojana offers 8.2% rate now; will SSY interest rate be fixed for the entire tenure?
Sukanya Samriddhi Yojana (SSY): Interest on SSY is credited to the account at the end of each financial year and is based on the prevailing interest rate announced by the government for each quarter. For January 2024-March 2024 quarter the interest on SSY is 8.2%. Read here to know how the interest on SSY is calculated.
Women-led development incorporated into India's foreign policy: Jaishankar
External Affairs Minister S Jaishankar highlights the central government's commitment to women-led development, focusing on their nutrition, health, education, and participation in higher education. He emphasizes incorporating this priority into foreign policy, as showcased during the Pravasi Bharatiya Divas convention, with notable achievements in various social initiatives.
Can govt cancel your Sukanya Samriddhi Yojana account for not following these latest guidelines?
Sukanya Samriddhi Yojana latest guidelines: The government has directed all post offices to take immediate steps to identify such accounts and notify account holders of the approved rules via all channels. Here are the latest guidelines for Sukanya Samriddhi Accounts that investors need to follow.
Latest Sukanya Samriddhi Yojana interest rate: What is the SSY interest rate for April-June 2024 quarter?
Note that only one SSY account can be opened in the name of the girl child either by natural or legal guardian. Interest rate on Sukanya Samridhi Yojana (SSY) is revised every quarter by the government.
Best ways to save taxes: ELSS, NPS, ULIPs and 7 more investment options to maximise your tax saving this year
As the financial year inches towards the end, taxpayers are exploring tax-saving investments like ELSS funds, NPS, Sukanya Samriddhi Yojana, and more. Depending on your requirements, here is a list of tax-saving instruments you can invest in, ranked according to returns, safety, flexibility, liquidity, costs, transparency, ease of investment, and income taxability offered by each one of them. Read on to know more.
Income Tax Saving: How to get Rs 70 lakh from Sukanya Samriddhi Yojana by investing Rs 12,500 every month, save tax
Income tax saving: Sukanya Samriddhi Yojana (SSY) can help you with a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. It offers an attractive interest rate of 8.2% for the January to March quarter of 2024. What are the benefits and limitations of SSY? How much money can you make from this popular post office scheme?
What is the latest Sukanya Samriddhi interest rate?
The Sukanya Samriddhi Yojana was established to help parents save money for their daughters' future marriage and education costs.
How to open Sukanya Samriddhi Yojana Account with SBI
Parents or guardians can open a Sukanya Samriddhi Yojana account with SBI by filling out the SSY account opening form along with address and ID proof of parents or guardians with the initial amount and submit it at the nearest SBI branch.
How to open Sukanya Samriddhi Yojana account with the Post Office
Sukanya Samriddhi Yojana investments are eligible for deductions under Section 80C of the Income Tax Act, 1961, up to a maximum of Rs 1,50,000. In addition, the interest earned, and the amount received at maturity of this scheme are tax-free.
What is the latest Sukanya Samriddhi Yojana interest rate?
Sukanya Samriddhi Yojana, also known as SSY, is a welfare initiative for girls with the goal of improving their lives with financial assistance. A girl kid aged 10 or younger can receive financial security from parents or legal guardians by investing SSY.
Latest Sukanya Samriddhi Yojana interest rate: What is the SSY interest rate for July- September 2024 quarter?
Latest Sukanya Samriddhi Yojana interest rate: The SSY is a government-backed small deposit savings scheme to benefit a girl child.
Latest Post Office Schemes interest rates: PPF, SCSS, SSY, other small savings schemes rates announced for Jan-Mar 2025 quarter
Latest small savings schemes interest rate: The government has announced the interest rates for post office savings schemes for the final quarter of FY 2024-25. The government will again review the interest rate at the end of March 2025, to announce the interest rates for first quarter of FY 2025-26.
Sukanya Samriddhi Yojana (SSY) interest rate hiked by 40 bps for Apr-June 2023 quarter: Check latest rates
A girl child's natural or legal guardian can open an account in her name under the Sukanya Samriddhi scheme. SSY offers a significant tax-free return.
Latest Sukanya Samriddhi Yojana interest rate for quarter ending June 30, 2022
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls. At present, SSY offers the highest tax-free return with sovereign guarantee and comes with an EEE status.
Sukanya Samriddhi Yojana: How much should you invest monthly in SSY to get Rs 50 lakh at maturity?
Investing in Sukanya Samriddhi Yojana: You can open an SSY deposit with a minimum deposit of Rs 250. The maximum deposit amount can be up to Rs 1.5 lakh.
Will govt hike PPF, Sukanya Samriddhi schemes’ interest rates in April 2023?
Interest rates of small savings schemes including PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings Scheme (SCSS), and National Savings Certificates (NSC) are due for revision at the end of this month. The rates will be applicable for the April-June quarter of FY2023-24. Will the interest rate of Public Provident Fund and Sukanya Samriddhi Yojana increase this time?
5 changes in Sukanya Samriddhi Scheme, 2019 that you need to know
Though there are no major changes in the new Sukanya Samriddhi Yojana scheme rules 2019, however, you should know about the small modifications that have been made. Here are five changes that have been made to the Sukanya Samriddhi Yojana Scheme.
What is Sukanya Samriddhi Yojana
A parent or guardian is allowed to open only two SSY accounts except in the case of twins at the time of second birth or in case of triplets.
What is current interest rate on Sukanya Samriddhi Yojana account?
Sukanya Samriddhi Yojana account holders anticipate an increase in the SSY interest rate in due to recent repo rate increases by the Reserve Bank of India and rising inflation.
Need to work together to empower J&K: Ravi Shankar Prasad
Ravi Shankar Prasad said as part of the Department of Post’s policy to encourage the setting up of all-women post offices in the country and in line with Prime Minister Narendra Modi’s announcements of Beti Padhao Beti Bacchao and Sukanya Samriddhi Yojana, the second all-women post office in J&K would be set up in Baramulla district shortly.
How to apply for Sukanya Samriddhi Yojana? All you need to know about eligibility, Interest rate and tax benefits
Below we answer questions related to who can invest in the scheme, how to open an account in the scheme, how much can be invested etc.
5 things to know about the Sukanya Samriddhi Yojana account
The current rate of interest is 7.6% per annum, calculated on a yearly basis and compounded annually.
Sukanya Samriddhi Yojana (SSY): Tax benefits, Interest rate, Eligibility & Benefits
SSY account for girl child: A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10 by the guardian. The account can be opened in any post office or authorised branches of commercial banks. Read on everything you need to know about opening Sukanya Samriddhi account for your girl child.
How to transfer Sukanya Samriddhi Yojana Account
The account can be opened when the girl child is below 10 and matures when she is 21. One can transfer the account opened in a post office to a bank and vice versa.
Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Let's see if you are in for a New Year bonanza from the Central Government this time.
What is Sukanya Samriddhi Yojana? All you need to know
A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 1,000.
How to open Sukanya Samriddhi Yojana account with HDFC Bank
A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250.
Am I investing in right mutual fund schemes for my child's education?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Should you buy Sukanya Samriddhi Yojana?
Wealth planners believe subscribers should go for this product along with equity plans because interest rates could fall in the future.
Sukanya Samriddhi Yojana and 4 other govt schemes for your daughter
There are several schemes — investment options and other incentives — that the central government and the state governments offer for children, especially daughters. Here are five government schemes for a girl child
SSY deposit date: How much will you lose as interest if Sukanya Samriddhi investment is not made before April 5
Sukanya Samriddhi Yojana contribution: The rules for interest calculation for deposits made in Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are same. Individuals having SSY account for their girl children should remember the deposit date to earn higher tax exempt income. If one is not careful of their deposit date, then one can lose month's interest rate.
SSY account transfer: How to transfer Sukanya Samriddhi account from one bank to another
Account holders must visit the post office or bank where their primary account is held to transfer Sukanya Samriddhi Yojana (SSY) account from one another bank. Unless she is managing the accounts herself, the girl child does not need to be present at the branch.
How to open a Sukanya Samriddhi Yojana account
To keep the account active, a minimum contribution of Rs 250 is mandatory in each financial year. Maximum investment allowed per annum under the Sukanya Samriddhi Yojana is Rs 1.5 lakh up to the end of 15th year from the opening of the account.
POTD, Sukanya Samriddhi Yojana interest rates hiked; investors who will get higher rates on these small saving schemes
Post office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yojana and on select Post Office time deposits for the January-March 2024 quarter. The government assesses the interest rates of small savings schemes on a quarterly basis.
Can Sukanya Samriddhi Yojana (SSY) account be closed before maturity?
You can receive section 80C income tax benefits and tax-free returns by investing in the SSY program. The deposit amount can range between Rs 250 and Rs 1.5 lakh for the fiscal year.
Canara Bank customers can make PPF, Sukanya Samriddhi Yojana contributions via NEFT from any bank
Canara Bank customers can now credit their Public Provident Fund and Sukanya Samriddhi Yojana accounts maintained at Canara Bank with this new facility.
Minimum investment limits lowered in Sukanya Samriddhi Yojana
A depositor can open and operate only one account in the name of the girl child under the Sukanya Samriddhi Account Rules, 2016
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: Will govt hike interest rates of PPF, small savings schemes for next quarter?
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024. Will the government finally make PPF investors happy this time? Will Centre increase the interest rates of SCSS, NSC, Sukanya Samriddhi Yojana and other other small savings schemes for the July-September quarter 2024? Know what experts suggest
5 reasons why ULIPs can help you save for the long term
Income tax can reduce not only the take-home portion of your salary but it can put a dent in the returns from your investments as well. This is why you need to invest in well-thought out investment options that can boost your income and help you achieve your investment goals.
PPF to fetch 7.1%, NSC 6.8% as govt slashes small savings schemes interest rates
Rates of these schemes have been slashed by between 70 bps and 140 bps for the Apr-June quarter.
Government cuts PPF, NSC rate to 7.8 per cent
Interest rates on small savings are linked to the benchmark 10-year government bond yields and are revised every three months.
Was Sukanya Samriddhi Yojana interest rate hiked for Jan-March 2023 quarter?
This programme will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because it offers guaranteed interest income and tax deductions.
How to withdraw from Sukanya Samriddhi Yojana (SSY) account
The interest will be calculated for the calendar month based on the account's lowest balance between the fifth day's close and the end of the month. At the end of each fiscal year, interest will be credited to the account.
Investing for daughter: Should you opt for Sukanya Samriddhi Yojana or PPF?
The interest rate offered is usually higher in case of SSY. On the other hand, PPF allows one to earn tax-free interest without any constraints in terms of investments, has a shorter lock-in and allows a longer investment horizon.
What is the latest Sukanya Samriddhi Yojana interest rate?
The Sukanya Samriddhi scheme aims to cover a girl child's costs for schooling and marriage. Interest rate on Sukanya Samriddhi is set by the government along with other small savings schemes.
