Sukanya Samrudhi Account

The Government of India has recently launched a new scheme called “Beti Bachao Beti Padao” scheme aimed at women empowerment and financial security of the girl child.As part of it, a new savings scheme has been introduced named “Sukanya Samrudhi”  This long term investment scheme is certainly the best in its class offering attractive returns.

The Main Benefits of the plan :

• This plan is exclusively for the girl child from 0 to 10 years age (One year grace for present year, Those born on or after 2.12.2013 is also eligible)
• The Account can be opened in any of the nearby post office by furnishing the Birth certificate of the girl child along with the KYC documents of Guardian/Parent.
•  The Parent/Guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different girl children.
•  The account fetches highest annual interest rate which is compounded annually. The interest rate for the financial year 2014-15 is 9.1%. ( The Interest rates are subject to change every year as per the notification issued by the ministry of Finance)
• A minimum Amount of Rs.1000/- is required to open an account and subsequent deposits can be made in multiples of Rs.100/-.The minimum deposit is rs 1000/- and the maximum deposits upto Rs.1,50,000 can be made in a financial year.
• The account will mature on completion of 21 years from the date of opening the account. If the account is not closed on maturity, Interest shall be payable on the balance in the account till the final closure of the account
•  A withdrawal of 50% of the balance at credit at the end of preceding financial year is allowed for the purpose of higher education or marriage of the account holder girl when she attains the age of 18 years.
•  Normal premature closure is allowed after the marriage of girl, on attaining the age of 18 years.
•  Government orders likely on tax exemption.

 For more Details Contact nearest Post office :

Cheif Postmaster General
Karnataka Circle
Bengaluru
560001
Ph : 080-22392597/98, 22392538
e-mail : fskarnataka@gmail.com

For Brochure Click Here : Sukanya Samrudhi Account