Mon, Sep 30, 2024
The Senior Citizen Savings Scheme (SCSS) will also maintain its interest rate at 8.2 per cent. This scheme is specifically designed to provide financial security to senior citizens, offering higher returns compared to other savings options.
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Wed, Sep 18, 2024
Finance Minister Nirmala Sitharaman on Wednesday launched a special version of the popular NPS pension scheme, called NPS Vatsalya, aimed at enabling parents or guardians to build a post-retirement corpus on behalf of their minor children through market-linked returns.Parents with limited investible surplus now have two government-backed options to plan for their child’s future: Sukanya Samriddhi Yojana (SSY) and NPS Vatsalya.
Fri, Sep 06, 2024
A Systematic Investment Plan (SIP) offers flexible, regular investments in mutual funds, benefiting from Rupee Cost Averaging and reducing market volatility risks. Sukanya Samriddhi Yojana (SSY), a government scheme for the girl child, provides attractive interest rates and tax benefits, ensuring long-term savings for education or marriage.
Thu, Aug 29, 2024
The Department of Economic Affairs has issued new regulations that apply to investors in the National Savings Scheme (NSS), Public Provident Fund (PPF), and Sukanya Samriddhi Account (SSA).
Tue, Aug 13, 2024
Sukanya Samriddhi Yojana: As soon as a daughter is born, parents often start worrying about their future responsibilities. However, with timely financial planning, many of these concerns can be alleviated.
Fri, Jul 26, 2024
For arriving and reaching a determined goal one can always go for soverign backed SSY scheme, however, for wealth creation NPS Vatsalya will be a better option.
Thu, Mar 28, 2024
NPS account holders must deposit at least Rs 1,000 in a Tier-1 account each fiscal year. However, the minimum deposit regulation does not apply to NPS Tier 2 accounts. NPS Tier 1 account holders can get an additional Rs 50,000 tax exemption under Section 80CCD(1B) of the Income Tax Act.
Tue, Mar 12, 2024
The deadline for making a minimum deposit in PPF, NPS, and Sukanya Samriddhi accounts for the current fiscal year is March 31, 2024.
Sat, Feb 10, 2024
Sukanya Samriddhi Yojana (SSY) is a Post Office scheme aimed at creating fund for a girl child's education and marriage. If one is consistent in their investment, they can create a fund of Rs 70 lakh through the SSY scheme. Know the process.
Mon, Jan 01, 2024
The central government has increased the interest rate of Sukanya Samriddhi Yojana (SSY) from 8 per cent to 8.2 per cent. This interest is one of the highest among other Post Office schemes. If your daughter's age is up to 10 years, you can also deposit money in this scheme in her name and accumulate a good amount till she grows up.
Tue, Sep 13, 2022
Did you know you can also save income tax by investing in your child’s name?
Wed, Mar 09, 2022
The last date for filing Income Tax Return is just around the corner. However, you can still invest in some financial instruments that will help you save tax. You can invest in these tax-saving schemes before March 31, 2022.
Thu, Jan 27, 2022
Sukanya Samriddhi Yojana (SSY) scheme was launched by Prime Minister Narendra Modi in 2015, under the Beti Bachao Beti Padhao campaign with the main aim of securing the future of a girl child. The SSY scheme not only allows you to make small deposits every year for the education and marriage expenses of your daughter but also pays a good rate of interest along with tax benefits.
Sat, May 09, 2020
Crorepati Calculator: At a time when stock market returns have turned extremely volatile, people are moving towards government-backed small saving schemes.
Thu, Apr 23, 2020
Sukanya Yojana: At Rs 12,500 per month investment, the Sukanya Samriddhi Yojana Calculator suggests that one will be able to grow Rs 63,97,855 when one's daughter will turn 21 years of age.
Wed, Feb 12, 2020
PM Narendra Modi-led government had launched Sukanya Samriddhi Account Scheme in January 2015.
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