The Sukanya Samriddhi Yojana is a small-deposit scheme Kenny Stills Jersey , introduced by the Govt. of India under the 鈥楤eti Padhao, Beti Bachao鈥?campaign. The scheme aims to educate girl children and secure their futures. If you are concerned with the future of your child, then Sukanya Samriddhi account scheme is what you need to ensure her financial security.
Before you open your account with the Sukanya Samriddhi Yojana scheme, here are eight things you should know about-
鈥?Opening an account The parentguardian of the girl child can open the account on her behalf at the post office or an authorized commercial bank. One girl child can have only one account in her name. If you have two daughters, you can open two different accounts, one for each child. In the case of triplets Cameron Wake Jersey , this facility is extended to the third daughter.
鈥?Age You can open an account for your daughter during the time of her birth. The maximum age limit for opening the Sukanya Samriddhi Yojana account is 10 years.
鈥?Rate of interest Every year, the Government revises the rate of interest for Sukanya Samriddhi Yojana account for the current financial year. This interest is compounded annually, which means it will also be credited on a yearly basis. Currently, the revised interest rate is 8.6%.
鈥?Deposits Earlier, a mandatory deposit of Rs.1000 was required for opening and maintaining the account. Now, the minimum deposit amount is Rs.250. A maximum amount of Rs.1.5 Lakhs can be deposited in a financial year. You will have to deposit a certain amount (preferably in the multiples of Rs.100) every year Reshad Jones Jersey , starting from the year you open your account. The deposits can be made to this account for the next 14 years. Ideally, you should make the deposit before the fifth of every month in order to get the highest interest rate.
鈥?Penalty If the minimum deposit criteria for a financial year are not met, a penalty of Rs.50 will be levied on an annual basis. If the account holder fails to pay the penalty amount, the amount deposited will receive an interest rate of 4% only.
鈥?Maturity The account will reach maturity when the girl child completes 21 years, or when she gets married, whichever is earlier. When your account reaches its maturity age Dan Marino Jersey , you will receive all your money along with the accrued interest.
鈥?Withdrawal of money 50% of the deposited amount can be withdrawn once the girl child turns 18 years old. The amount withdrawn can be utilized to fund the child鈥檚 higher studies. The remaining amount can be withdrawn when she turns 21. The money withdrawn can be used to meet her marriage expenses. Once the girl completes 21 years of age, the account must be closed.
鈥?Tax benefits If you are an account holder with the Sukanya Samriddhi Yojana scheme, you are eligible for tax exemptions under Section 80C of the Income Tax Act. You can avail of these exemptions on interest and during the time of withdrawal.
The Govt-aided Sukanya Samriddhi Yojana scheme is a boon to many parents, especially low-income people, who cannot afford to provide their children with basic education. Apart from education, the scheme also helps regulate child marriage and encourages girls to move ahead towards a prosperous life.
Total Views: 34Word Count: 536See All articles From Author San Diego Schools Embrace the No Child Left Behind Program
The No Child Left Behind (NCLB) program is a federal law that governs elementary and secondary education and is funded by Federal Title I. Under the NCLB, school boards must ensure that their high poverty schools meet the educational needs of low-achieving students. The goal is to close the achievement gap between the high and low-performing students.
San Diego Schools are committed to delivering strong standards-based education with programs that are designed to improve student achievement in the gateway skills of reading, writing and mathematics. Along with this commitment, they have embraced the NCLB program, which benefits the San Diego schools and its students as follows: go schools gain an increased emphasis on teaching methods that have been proven to work.
Of the 202 San Diego schools, 138 are eligible for the NCLB program. Schools are selected for the program if they have not made adequate annual progress for two or more consecutive years and serve students from high-poverty backgrounds. Annual state-required student achievement targets measure the progress of each of the 138 San Diego schools. There are currently 37 schools participating in the NCLB five-year program and designated as Program Improvement schools.
The following seven schools are in their first year of the program 聴 Clairemont High, Creative, Performing and Media Arts Middle; Knox; Pershing Middle; Rosa Parks Elementary; Wangenheim Middle; and Washington.
In their second year are ALBA, Bayview Terrace Dolphins Kids Jersey , Correia Middle, Dana (5-6), EmersonBandini, Encanto, Garfield High, Logan Dolphins Youth Jersey , Madison, Montgomery Middle, Muir (K-12), and Twain.
The third-year San Diego schools are Garfield, Marston Middle, and Pacific Beach Middle.
Baker Dolphins Womens Jersey , Bell Middle, Clark Middle, Farb Middle, Hoover High, Kroc Middle, Morse High Black Dolphins Jersey , O聮Farrell Charter, Roosevelt Middle, Taft Middle, and Tubman Village Charter are in their fourth year.