Sunday, 23 January 2022

Sukanya Samriddhi Yojana (SSY) 2022 – You can deposit money online from home at SSY Account

Sukanya Samriddhi Yojana (SSY) 2022 – You can deposit money online from home at SSY Account

Sukanya Samriddhi Yojana | SSY | Sukanya Samriddhi Yojana Payment Rule | Deposit Money Sukanya Samriddhi Yojana Account through IPPB | Withdrawal Rules of SSY Acount | Benefits of SSY | Open Sukanya Samriddhi Yojana Account | 

 

Sukanya Samriddhi Yojana is a saving scheme that is aimed for the betterment of girls in India. The scheme offers a means of saving money for girls in every family. The scheme is open for girls younger than 10 years old.

 


    What is Sukanya Samriddhi Yojana?

    As a part of the Beti Bachao Beti Padhao campaign, Sukanya Samriddhi Yojana (SSY) was launched by Prime Minister Narendra Modi on 22 January 2015.  The scheme encourages parents of girl children to build a fund for the future education and marriage expenses for their girl children. Tenure of Sukanya Samriddhi Yojana is 21 years from the date of opening of the Sukanya Samriddhi Yojana Account or till the marriage of the girl after she attains the age of 18 years.

     

    Features of Sukanya Samriddhi Yojana (SSY)

    1. Sukanya Samriddhi Yojana Account can be opened either in Post Office or in any participating banks in India.

    2. The parents or guardians of the girl can operate the account until the girl attain the age of 10 years.

    3. The girl must operate the account once she attains the age of 18 years.

    4. The minimum and maximum deposit that can be done in an account in a financial year are Rs. 250 and Rs. 1.5 lakh respectively.

    5. The deposition period is of 15 years and the maturity period of the Sukanya Samriddhi Yojana Account is 21 years from the date of opening the Sukanya Samriddhi Yojana Account.

    6. Sukanya Samriddhi Yojana Account can be transferred from banks to Post Office and vice versa anywhere in India free of cost. This can be done upon furnishing proof of change of residence of either the guardian/parent of the girl. In case no proof is produced, an Rs. 100 charge will be levied. 

    8. Deposits towards the Sukanya Samriddhi Yojana Account can be made through online transfer, demand draft, cheque, or cash. 

     

    Eligibility for the opening of Sukanya Samriddhi Yojana Account

    The eligibility criteria for opening a Sukanya Samriddhi Yojana Account is as follow:

    1. Only the legal guardian or parent of the girl child can open the Sukanya Samriddhi Yojana Account in the name of the girl child.

    2. The girl child must be a resident Indian.

    3. The age of the girl should be less than 10 years at the time of opening the account.

    4. Only one account can be opened in the name of a single girl child.

    5. Maximum of two accounts are allowed to open in a single-family.

    6. Sukanya Samriddhi Yojan Account can be opened for more than two girls in some special cases - a third account can be opened if a girl child is born before (not after) the birth of twin or triplet girls or if triplets are born at first.

     

    Benefits of having Sukanya Samriddhi Yojana Account

    1. The minimum and maximum deposit amounts are Rs. 250 per fiscal year and Rs. 1.5 lakh per fiscal year respectively. With a minimum contribution of Rs. 250, the Sukanya Samriddhi Yojana account can be opened in a simple and hassle-free way

    2. Premature withdrawal is allowed if the girl attains the age of 18 years and has completed the 10th standard. However, this withdrawal must be used to meet the educational expenses.

    3. The maximum amount that can be withdrawn is 50% of the amount that is available in the previous financial year by submitting the proof of admission. The amount can be withdrawn in 5 installments or a lump sum.

    4.  Under Section 80C of the Income Tax Act, 1961, the tax deduction benefits of up to Rs. 1.5 lakh are provided annually. The tax benefits are provided both for the maturity and withdrawal amounts.

    5. The interest rate is 7.6% for a financial year.

    6. Sukanya Samriddhi Yojana provides a decent return by investing in this scheme.

     

    Tax benefits of Sukanya Samriddhi Yojana 

    1. Under Section 80C of the Income Tax Act, 1961, the tax deduction benefits of up to Rs. 1.5 lakh are provided annually. 

    2. The tax benefits are provided both for the maturity and withdrawal amounts. 

     

    Documents required to open Sukanya Samriddhi Yojana Account

    The following documents are required to open an SSY account:

    1. Birth certificate of the girl child.

    2. Identity and address proof of the guardian or parent.

    3. A medical certificate in case multiple children are born under one order of birth.

    4. Any other documents that are requested by the bank or post office.

     

    List of Banks for opening Sukanya Samriddhi Yojana Account

    The below-mentioned banks offer to open Sukanya Samriddhi Yojana Account:

    State bank of India

    Allahabad Bank

    Andhra Bank

    Punjab and Sind Bank

    Bank of Baroda

    Canara Bank

    Bank of India

    Bank of Maharashtra

    Corporation Bank

    Central Bank of India

    Indian Overseas Bank

    Dena Bank

    Indian Bank

    UCO Bank

    Syndicate Bank

    United Bank of India

    Punjab National Bank

    United Bank of India

    Oriental Bank of Commerce

    IDBI Bank

    Vijaya Bank

    Axis Bank

    ICICI Bank

     

     

    How to Open Sukanya Samriddhi Yojana Account?

    Sukanya Samriddhi Yojana Account can be opened either in Post Office or in any participating banks mentioned above. The detailed process to open Sukanya Samriddhi Yojana Account with Post Office and with Banks is provided below.

    Step 1 - Visit the nearest Post Office or Bank where you would like to open the Sukanya Samriddhi Yojana Account.

    Step 2 - Fill up the application form for opening Sukanya Samriddhi Yojana Account with the details of the girl child and her legal guardian/parent.

    Step 3 - Attached the required documents like birth certificate etc and submit.

    Step 4 - After verification of the application form and documents provided by the official, the Sukanya Samriddhi Yojana Account will be opened and a passbook will be handed over to the legal guardian or parent.

     

    What will happen if excess or less amount is paid towards Sukanya Samriddhi Yojana Account?

    1. Excess Amount – No interest is generated for any deposits above Rs. 1.5 lakh. The account holder can withdraw the excess amount at any time.

    2. Lesser Amount – If the minimum amount of Rs. 250 is failed to pay in a financial year, the SSY Account will be considered as a default. However, the account can be re-activated by paying a fine of Rs. 50.

     

    Withdrawal Rules of Sukanya Samriddhi Yojana

    The withdrawal rules of the Sukanya Samriddhi Yojana account are mentioned below:

    1. Once the tenure of the SSY account is completed, the entire amount including the interest from the account can be withdrawn. However, the following documents must be submitted along with the Application form for the withdrawal of the amount:

    a. ID proof.

    b. Address proof.

    c. Citizenship documents.

    2. If the girl child has attained the age of 18 years and has completed the 10th standard, withdrawal of the amount is allowed. However, the withdrawn money must be used to meet the educational expenses of the girl child.

    3. The maximum amount that can be withdrawn is 50% of the amount that is available in the previous financial year by submitting the proof of admission. The amount can be withdrawn in 5 installments or a lump sum. 

     

    Pre-mature withdrawal Rules of Sukanya Samriddhi Yojana Account

    Pre-mature withdrawal of the Sukanya Samriddhi Yojana Account is allowed. The rules are mentioned below:

    1. Pre-mature withdrawal of the Sukanya Samriddhi Yojana Account is allowed if the girl attains 18 years of age and is getting married. However, it is mandatory to apply at least one month before marriage and 3 months after marriage to avail of the benefit. The application should be accompanied along with the documents that determine the age of the girl.

    2. In case the girl child becomes a non-citizen or a non-resident, the account will be considered closed. As such, the guardian or the girl must inform about the change of status one month from the date of status change.

    3. In case the girl child passes away during the tenure, the balance available in the account can be withdrawn by the guardian. However, the death certificate of the girl must be submitted.

    4. The Sukanya Samriddhi Yojana account can be closed for other reasons as well, but the interest that is earned from the contributions will be the same as the interest rates offered by the Post Offices.

     

    How to deposit money online in your post office Sukanya Samriddhi Yojana account through IPPB?

    After opening an SSY account, the account holder can manage their account online through India Post Payments Bank (IPPB) mobile app. Here is the step by step guide for depositing money in Sukanya Samriddhi Yojana Account in Post Office:

    Step 1 - Transfer money from your savings bank account to your IPPB account. 

    Step 2 – Go to Department of Post (DOP) product and select Sukanya Samriddhi Yojana Account.

    Step 3 – Enter your Sukanya Samriddhi Yojana Account Number, Customer ID provided by DOP.

    Step 4 – Once successfully logged in, select the Installation duration and amount.

    Step 5 – IPPB will notify you of the successful payment transfer made through the IPPB application.

     

     

     

     

     

     

     

     

     

     

     

     


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    Saturday, 22 January 2022

    Pradhan Mantri Jan Dhan Yojana (PMJDY) 2022– Important details and benefits; Bank account Opening; Bank Balance Check

    Pradhan Mantri Jan Dhan Yojana (PMJDY) 2022– Important details and benefits; Bank account Opening; Bank Balance Check  

    Pradhan Mantri Jan Dhan Yojana | Pradhan Mantri Jan Dhan Bank Account |PM Jan Dhan Account Eligibility |Jan Dhan Yojana Bank details 

      


      Pradhan Mantri Jan Dhan Yojana (PMJDY)

      Pradhan Mantri Jan Dhan Yojana is a financial inclusion program launched by Prime Minister of India, Shri Narendra Modi on 28th August 2014. It aims to expand affordable access to financial services such as bank accounts, fixed deposits, remittances, loans, insurance, and pensions to all the citizens of India.  This scheme is run by the Department of Financial Services (Ministry of Finance) and 15 million bank accounts were opened on the inauguration day of the scheme. 

       

      Who Can Open the Jan Dhan Account under the Pradhan Mantri Jan Dhan Yojana?

      Any individual who is a citizen of India whose age is 10 years or above can open his or her Jan Dhan Account in any Public Sector Bank, Private Sector Bank, or Post Office. On opening the account, the beneficiary gets a life cover of Rs. 30,000 and accidental insurance cover of Rs. 1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28 August 2018).

       

      Benefits of Pradhan Mantri Jan Dhan Yojana 2022

      The following benefits are provided to the beneficiaries of Pradhan Mantri Jan Dhan Yojana:

      1. Any citizen of India whose age is 10 years or above can open his/her bank account in any Public Sector Bank, Private Sector Bank, or Post Office.

      2. The accounts can be opened with zero balance.

      3. There is no requirement of any minimum balance to maintain the account.

      3. Life insurance of Rs. 30,000 will be payable on the death of the life assured, due to any reason, to the deceased’s family. 

      4. Accident Insurance Cover of Rs. 1 lakh is available (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28 August 2018).

      5. RuPay Debit Cars is provided to the PMJDY account holder.

      6. An overdraft facility up to Rs. 10,000 to eligible account holders is available.

      7. PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme. 

       

      Total Number of Accounts opened in PM Jan Dhan Yojana till now

       As of now, a total number of 44.44 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana. 

       

       List of Banks authorized to open Accounts in Pradhan Mantri Jan Dhan Yojana

      Jan Dhan Accounts can be opened at all the Public Sector Banks and Private Sector Banks.

      Public Sector Banks:

       Allahabad Bank

      Andhra Bank

      Bank Of Baroda (BoB)

      Bank Of India (BOI)

      Bank Of Maharashtra

      Bhartiya Mahila Bank

      Canara Bank

      Central Bank Of India

      Corporation Bank

      Dena Bank

      IDBI Bank

      Indian Bank

      Oriental Bank of Commerce

      Punjab National Bank (PNB)

      Punjab & Sind Bank

      State Bank of India (SBI) and all its 5 affiliated banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore

      Syndicate Bank

      Union Bank of India

      Vijaya Bank 

       Private Sector Banks:

      Axis Bank Ltd.

      Dhanalaxmi Bank Ltd.

      Federal Bank Ltd.

      HDFC Bank Ltd.

      ICICI Bank Ltd.

      IndusInd Bank Ltd.

      ING Vysya Bank Ltd.

      Karnataka Bank Ltd.

      Kotak Mahindra Bank Ltd.

      YES Bank Ltd.

       

      Documents required to open Pradhan Mantri Jan Dhan Accounts in 2022

      1. Applicant’s Aadhar Card/Identity Card/Driving License/PAN Card.

      2. Passport size photo.

      3. Address Proof.

      4. Mobile Number.

       

      How to Open PM Jan Dhan Account in 2022?

      1. Visit the nearest Bank under the PMJDY.

      2. Get the Application Form to open PM Jan Dhan Account.

      3. Fill up all the details mentioned in the Application Form.

      4. Attached the entire necessary documents along with the Application Form.

      5. Submit the duly filled Application Form to the Bank Official.

       


      How to check the bank balance of PM Jan Dhan Account?

      Bank balance opened under the PM Jan Dhan Yojana can be checked through the portal of Public Financial Management System (PFMS) -

      •  First, visit the official website of (PFMS) – www.pfms.nic.in  
      • On the Home Page, Click the option Know Your Payment. 
      • A new page Payment By Account Number will be opened. Here, enter your Bank Name, Account Number, and captcha code. 
      • Then click Send OTP on Registered Mobile Number. After getting the OTP on your mobile number, the bank balance can be checked.

      Contact Information

      All the important information related to the Pradhan Mantri Jan Dhan Yojana is provided through this article. If you have any query, you can contact the following details: 

      1. PMJDY Mission Office: Phone: 01123361571/01123748738

      2. For Technical/Website related: Phone 01123362782/01123361571

      For more details, visit the official website of PMJDY : www.pmjdy.gov.in 

       

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      Tuesday, 18 January 2022

      The first smoke-free state & 100 percent LPG enabled state of India – HIMACHAL PRADESH

      Himachal Pradesh has become the first smoke free state and 100 percent LPG enabled state of India. This has been achieved due to the Centre government scheme “Pradhan Mantri Ujjwala Yojana” and the Himachal Pradesh’s “Mukhya Mantri Grihini Suvidha Yojana”.

      Under the PM Ujjwala Yojana, Himachal Pradesh government has provided 1.36 lakh free LPG domestic connections in the state with an expenditure of Rs. 21.81 crore. On the other hand, the state’s Mukhya Mantri Grihini Suvidha Yojana has given 3.23 lakh free LPG gas cylinders to the families with no gas connection at a cost of Rs. 120 crore. This move was aimed on the lines of Ujjwala Yojana with a view to free the people of the country from indoor pollution caused by chullah and to conserve the environment as well.

      Pradhan Mantri Ujjwala Yojana was launched to provide gas connections free of cost to poor women of rural areas of India. Inorder to cover those families who were not covered under this Ujjwala Yojana, the Himachal Pradesh government launched the Mukhya Mantri Grihini Suvidha Yojana on 26th May, 2018 to provide free gas connections in the state. As a result of both the Schemes, Himachal Pradesh has now become the first smoke free state as well as 100 percent LPG enabled state of India, thus reducing the adverse effect of smoke on the health of women and improving the standard living of women.

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