Home / Current Affairs / Sukanya Samriddhi Yojana – SSA vs PPF, Maturity Value after 21 Years

Sukanya Samriddhi Yojana – SSA vs PPF, Maturity Value after 21 Years

Sukanya Samriddhi Yojana

Narendra Modi, the Prime Minister of India has implemented SukanyaSamridhi Yojna to provide financial support to the middle class family for their girl child’s marriage or to encourage their higher education also.

It is informed to the contenders that Sukanya Samriddhi Scheme Matures in 21 years or on Girl’s Marriage, whichever is earlier. There are various candidates who invest in PPF for those we have provided the some details based on Public Provident Fund (PPF) Vs Sukanya Samriddhi Yojana here.

More Details Regarding Sukanya Samriddhi Yojana

It is informed to the contenders that they will get additional benefits of high return and tax benefit also under Sukanya Samriddhi Scheme 2018. You all are mentors to invest in this scheme so that in long runs girls should be empowered.

In order to get more details regarding Sukanya Samriddhi Account and its benefits, you are advised to move your cursor down on this page that is well designed by the team members of www.recruitmentinboxx.com

Sukanya Samriddhi Yojana

Validity of Sukanya Samridhi Account 2018:

  • For the girl of below 10 years, Any legal guardian or parent can open account.
  • The account will be working from the name of her guardian or parents till she is complete 21 years.
  • In case you have two daughters, you have the right to access two accounts but the total amount invested cannot exceed Rs 1, 50,000 per annum.

Duration of the Sukanya Samridhi Scheme 2018:

The SukanyaSamriddhiYojana gets matured on completion of 21 years from the date of opening of the account or as the girl child gets married, whichever is earlier.

Check Details On: Beti Bachao Beti Padhao Yojna

Sukanya Samridhi Yojna Rate Of Interest Charges 2018:

  • SukanyaSamridhiYojna Interest Rate should be at 9.1 per cent, which is higher than that of PPF at 8.7 per cent.
  • This rate of 9.1 per cent is not fixed and every financial year it should be revised like all other small savings schemes, including PPF.
  • No income tax will be charged for this.

Way to Deposit in Sukanya Samridhi Account 2018:

  • You can deposit any amount in multiple of 100 can be deposited but maximum Rs. 1.5 lakh per year.
  • Only a legal guardian and a legal parent can have a right to operate this account.
  • No other nomination facility will be provided.
  • Rest of the details regarding contribution has well provided at the beneath section.

Know Here: Laptop Bhagya Scheme

Yearly Contribution Table

Accumulated balance After 14 years

Annual contribution Accumulated balance After 14 years
100028593
200057185
300085778
4000114371
5000142963
6000171556
7000200149
8000228741
9000257334
10,000285927
11,000314519
12,000343519
15,000428890
18,000514668
21,000600446
24,000686224
25,000714816
27,000772002
30,000857780
33,000943558
36,0001029336
42,0001200891
48,0001372447
500001429633
540001544003
600001715559
660001887115
720002058671
750002144449
840002401783
960002744895
1080003088007
1200003431119
1320003774230
1440004117342
1500004288898

 

Maturity Amount After 21 Years

Annual contribution Maturity Amount After 21 Years
100052605
2000105210
3000157815
4000210420
5000263025
6000315630
7000368236
8000420841
9000473446
10,000526051
11,000578656
12,000631261
15,000789076
18,000946891
21,0001104707
24,0001262522
25,0001315127
27,0001420337
30,0001578152
33,0001735968
36,0001893783
42,0002209413
48,0002525044
500002630254
540002840674
600003156305
660003471935
720003787566
750003945381
840004418826
960005050087
1080005681348
1200006312609
1320006943870
1440007575131
1500007890762

1 लाख आयुष्मान मित्रो की भर्ती: Ayushman Mitra Bharti

Monthly Contribution Table

Monthly contribution Accumulated balance
After 14 years
500169937
1000339874
1500509812
2000679749
2500849686
30001019623
40001359497
50001699372
60002039246
70002379121
75002549058
80002718995
90003058869
10,0003398744
11,0003738618
12,0004078492
12,5004248430

 

Maturity Amount After 21 Years

Monthly contribution Maturity Amount After 21 Years
500312652
1000625305
1500937957
20001250609
25001563262
30001875914
40002501219
50003126523
60003751828
70004377133
75004689785
80005002437
90005627742
10,0006253046
11,0006878351
12,0007503656
12,5007816308

Must Check Here: UP Bhagyalakshmi Yojana

Comparing Public Provident Fund (PPF) Vs Sukanya Samriddhi Yojana

FactorsPPF (Public
Provident Fund)
Interest Rate8.70 per cent
Will interest
be taxable?
No
Will maturity
proceeds to
be taxed?
No
Tax Exemption
Criteria
80C
Time Duration
of scheme
15 years
Is premature
withdrawal possible?
No
Partial withdrawalPossible

T&C Apply

Who can invest
in this scheme?
Anyone
Maximum Limit of
Amount that can
be invested
Rs 1,50,000 p.a

Also Know About: Ayushman Bharat Scheme

Sukanya Samriddhi Yojana

FactorsSSY (Sukanya
SamridhiYojna)
Interest Rate9.10 per cent
Will interest
be taxable?
No
Will maturity
proceeds to
be taxed?
No
Tax Exemption
Criteria
80C
Time Duration
of scheme
21 years
Is premature
withdrawal possible?
In Case of Marriage,
after the age of 18
Partial withdrawalPossible only after the
age of 18

T&C Apply

Who can invest
in this scheme?
Any parent / legal
guardian of a girl
child who is below
or 10 years
Maximum Limit of
Amount that can
be invested
Rs 1,50,000 p.a

Know More About: UDAN Yojana

Final Words!!

Hope you are satisfied with the above mentioned details of Sukanya Samriddhi Yojana and to get additional information in this concern or others, be in touch with our portal www.recruitmentinboxx.com while you can subscribe our free email service also.

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