Sukanya Samriddhi Account (SSA) Archives

Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified–Interest Rate Reduced for KVP,PPF, Sukanya Samriddhi Scheme, NSC, etc.

Govt. Schemes, Investment and Savings, Kivas Vikas Patra (KVP), NSC, Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA)By Himanshi March 19, 2016

Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified today. From the year 2012-13, the interest rates on various Small Savings Schemes (SSS) are recalculated and notified in the month…

Interest Rates of Small Saving Schemes to be recalibrated w.e.f. 1.4.2016 on a Quarterly Basis to align the small saving interest rates with the market rates of the relevant Government securities

Investment and Savings, Kivas Vikas Patra (KVP), NSC, Public Provident Fund (PPF), Senior Citizen Saving Scheme (SCSS), Sukanya Samriddhi Account (SSA)By Himanshi February 17, 2016

Interest rate on savings schemes based on laudable Social Development or Social Security Goals including Sukanya Samriddhi Yojana, the Senior Citizen Savings Scheme and the Monthly Income Scheme left untouched by the Government. The National Savings Schemes (NSSs) regulated by the Ministry of Finance offer complete security of investment combined with high attractive returns.…

Sukanya Samriddhi Account and SCSS to earn more. PPF interest rate unchanged for FY 2015-16

Investment and Savings, Provident Fund (PF), Public Provident Fund (PPF), Senior Citizen Saving Scheme (SCSS), Sukanya Samriddhi Account (SSA)By Himanshi April 1, 2015

On 31st Mar, Govt. through press release has announced following interest rates for different savings scheme for F.Y. 2015-16. Interest rate for Sukanya Samriddhi Account and Senior Citizen Saving Scheme has been increased marginally. Whereas for PPF and other, there is no change. Scheme Rate of interest for F.Y. 2014-15 Rate of interest for F.Y.…

Sukanya Samriddhi – Account Opening Form and Passbook

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi March 12, 2015

RBI vide its circular dt. 11th Mar-2015 has provided following two forms: Account Opening Form Passbook Format Must Read : Sukanya Samriddhi Account – Features : Banks Authorised by RBI for Sukanya Samriddhi Account : Sukanya Samriddhi Account – Govt. Notification : Sukanya Samriddhi Account…

28 Banks Authorized by RBI to open Sukanya Samriddhi Account

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi March 12, 2015

On 11th Mar-2015, RBI has issued a circular to authorize 28 banks to open the Sukanya Samriddhi Account. RBI has also asked these banks to follow rules and regulations provide in the notification. Click here to read circular. List of Bank Authorized by RBI is as follows: S.No. Authorised Banks 1 State Bank of India…

List of Banks for Sukanya Samriddhi Account (SSA)

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi March 7, 2015

Following banks are authorized to open Sukanya Samriddhi Account as on date: Allahabad Bank Andhra Bank Bank of Baroda Bank of India Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Punjab National Bank State Bank of India UCO Bank United Bank Besides the above, Post Offices are also authorized…

Sukanya Samriddhi Account – An investment to loose money

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi March 3, 2015

Sukanya Samriddhi Account has been launched by Govt. of India this year in January. This scheme is for minor girl child upto the age of 10 years. It has very attractive features. You can read through the features in my previous post – Sukanya Samriddhi Account – Features. But just now I noticed one think…

Sukanya Samriddhi Account (SSA) – Drawback or Demerits

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi February 28, 2015

Following are the dark side of such a good Sukanya Samriddhi Account Scheme: High Lock-in Period – This Scheme has very long lock-in period of 21 years. When it is compared to PPF, it does not look attractive. In PPF, lock in period is 15 years as on date. Variable Interest Rate – Interest rate…

Sukanya Samriddhi Account – Interest Rate Notification

Investment and Savings, Sukanya Samriddhi Account (SSA)By Himanshi February 14, 2015

On 20th Jan-2015, Govt has notified interest rate of 9.1% for FY 2014-15 on Sukanya Samriddhi Account. For Sukanya Samriddhi Account, Govt. needs to notify interest rate for every year like in the case of PPF. Notification can be found at Govt Website. Must Read : Sukanya Samriddhi Account – Features Google PlusGoogle CommunityFacebook

Sukanya Samriddhi Account (SSA) vs Public Provident Fund (PPF)

Investment and Savings, Provident Fund (PF), Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA)By Himanshi February 10, 2015

Particulars Sukanya Samriddhi Account (SSA) Public Provident Fund (PPF) Who can open Only girl child Indian Citizen Where to open Post office and Authorized Banks Post office, Govt. Banks and some private banks Minimum Contribution per year INR 1,000 INR 500 Maximum Contribution per year INR 1,50,000 INR 1,50,000 Maximum no. of contribution No limit…