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Sukanya Samriddhi Yojna
Sukanya Samriddhi Yojna is an
initiative of the PM Sh. Narendra Modi under the flagship of government of
india to protect and promote the girl childs in india. It ensure the life,
career and marriage expenses of girls in India. The tag line of this initiative
is "Beti Bachao Beti Padhao". Sukanya Samriddhi Yojna is well
accepted by the people of India towards the independence of girls. the scheme
allows people to invest from a nominal amount of Rs. 1000/- to a amximum of Rs.
1,50,000/- per year.
Facilities under Sukanya Samriddhi
Yojna -
a. The rate of interest is 8.6% per
annum.
b. Once the girl child attain the
age of 18 years, partial withdrawl (upto 50%) is allowed for her higher
education or marriage.
c. The entry age to open SSY A/C is
10years or less.
d. Minimum amout allowed to deposit
is Rs. 1,000/- and Maximum amount is Rs. 1,50,000/- per year
e. SSY A/C can be opened in any
Authorized Bank or Post Office.
f. SSY A/C can be transfered from
one Bank/Post Office to another if desired.
g. only one SSY A/C is allowed for
one girl child.
h. SSY A/C can be closed once the
girl child attain the age of 21 years if she wishes to continue the A/C she can
do so and she will paid the interest specified.
i. Investment under SSY A/C in
permissible under Sec 80C of Income Tax Act
How to open Sukanya Samriddhi A/C -
SSY A/C can be opened in any authorised Bank or any Post Office by submitting
the A/C opening form properly signed and with supporting documents.
Documents required to open SSY A/C
-
a. Sukanya Samriddhi Yojna A/C Form
b. Birth Certificate of Girl Child
c. ID Proof of Parent/Guardian (PAN,
Driving License, Passport Ration Card etc.)
D. Address Proof of Parent/Guardian
(PAN, Driving License, Passport Ration Card etc.)
Terms & Conditions -
a. Age at the time of a/C is must me
10 years or less
b. Deposit can be made in the
multiple of Rs. 100/- but minimum Rs. 1,000/- per year which allows upto Rs.
1,50,000/- per year.
c. In case the A/C is not credited
with the minimum amount a penalty of rs. 50/- will be levied.
List of Authorised Banks to open
Sukanya Samriddhi Yojna A/C -
Allahabad
Bank Andhra Bank Axis Bank Bank of
Baroda Bank of India Bank of Maharashtra
Canara
Bank Central Bank of India Corporation
Bank Dena Bank ICICI Bank
IDBI Bank
Indian
Bank Indian Overseas Bank Oriental Bank of
Commerce Punjab National Bank
Punjab
& Sind Bank Syndicate Bank UCO
Bank Union Bank of India United Bank of
India
Vijaya
Bank State Bank of India State Bank of Patiala
State Bank of Bikaner & Jaipur
State Bank
of Travancore State Bank of
Hyderabad State Bank of Mysore
Download the Form of Sukanya Samriddhi Yojna A/C
ELSS - Equity Linked Saving Schemes
Why to Invest in ELSS - ELSS is the best investment vehicle among other options available Under Sec 80C. Some major benefits of ELSS are mentioned below.....
a. It provides Tax Saving benefit like other products under Sec 80C but it gives you much higher returns than others. History says in 3 to 5 years it gives (CAGR)15% to 22% return annualy.
b. Even if this money is invested in equity linked but risk is managed by their experienced Fund Managers.
c. It is a Diversified Mutual Fund Scheme which is less risky than mid & Small Cap Schemes and Sectoral Funds.
d. due to lock-in period of 3 years you get the in built advantage of long term saving option.
e. the best part of ELSS is that it's very simple and easy to invest in ELSS. It requires less paper work and less time to invest. Even you don't need to go any office, just connect your internet and go at www.yuvainvestors.in and invest online anytime.
Best ELSS Funds - There are a numbers of ELSS available in Mutual fund market but we are detailing about some best performing ELSS schemes.
a. Axis Long Term Equity Fund
b. Birla Sun Life Tax Saver fund
c. DSP BlackRock Tax Saver Fund
d. Reliance Tax Saver Fund
e. Mirae Assets Tax Saver Fund
f. Franklin India Tax Shield
How to invest in ELSS - There are two ways to invest in ELSS...
a. Through Online b. Through Paper Form
in both ways you can invest by choosing either SIP or Lumpsum mode
After you decide SIP/Lumpsum just go to www.yuvainvestors.in and click on "Online Investment" Tab (http://www.yuvainvestors.in/p/online-investment.html). Then select your desired AMC Link and click "Go".
now in the target window do according to the website instruction and at one point it will ask you - whether through Advisor or Direct. Now choose Advisor and fill the below mentioned details to complete it successfully...
ARN- 70354
EUIN - E134790
Last 5 Years Return in ELSS
(returns as on Dec 23 ,2016)
|
Name
of the ELSS Fund
|
1
Year Return
(CAGR)
|
2
Years Return
(CAGR)
|
3
Years Return
(CAGR)
|
5
Years Return
(CAGR)
|
|
Axis
Long term Equity Fund
|
-1.4%
|
+2.7%
|
+20%
|
+21.6%
|
|
Birla
SL Tax Saver Fund
|
+1.9%
|
+5.5%
|
+17.6%
|
+14.6%
|
|
DSP
BR Tax Saver Fund
|
+10.2%
|
+7.6%
|
+20.5%
|
+20.8%
|
|
Reliance
Tax Saver Fund
|
+3.4%
|
+1.5%
|
+23%
|
+22.3%
|
|
Mirae
Assets Tax Saver Fund
|
+5.6% (6 Months)
|
|
|
|
|
Franklin
India Tax Shield
|
+3.3%
|
+4.3%
|
+19%
|
+18%
|