Warning: Cannot modify header information - headers already sent by (output started at /home/viralposts/public_html/viral/index.php:60) in /home/viralposts/public_html/viral/wp-content/themes/Newspaper/functions.php on line 5

Warning: Cannot modify header information - headers already sent by (output started at /home/viralposts/public_html/viral/index.php:60) in /home/viralposts/public_html/viral/wp-includes/feed-rss2.php on line 8
ssy calculator hdfc Archives - ViralPostshttps://viralposts.in/viral/tag/ssy-calculator-hdfc/Wed, 25 Sep 2024 06:32:18 +0000en-UShourly1https://viralposts.in/viral/wp-content/uploads/2022/01/cropped-1-32x32.pngssy calculator hdfc Archives - ViralPostshttps://viralposts.in/viral/tag/ssy-calculator-hdfc/3232 Remember this before making any PPF investments, big amount on maturityhttps://viralposts.in/viral/remember-this-before-making-any-ppf-investments-big-amount-on-maturity/?utm_source=rss&utm_medium=rss&utm_campaign=remember-this-before-making-any-ppf-investments-big-amount-on-maturityhttps://viralposts.in/viral/remember-this-before-making-any-ppf-investments-big-amount-on-maturity/#respondWed, 25 Sep 2024 06:32:18 +0000https://viralposts.in/?p=28548PPF is well-liked by many for minor savings plans. Millions of people are making PPF investments with their children’s futures in mind. However, some investors do so without fully understanding the situation. Investing in it has the benefit of tax-free money received at maturity. PPF was established in 1968 by the National Savings Institute to […]

The post Remember this before making any PPF investments, big amount on maturity appeared first on ViralPosts.

]]>
PPF is well-liked by many for minor savings plans. Millions of people are making PPF investments with their children’s futures in mind. However, some investors do so without fully understanding the situation. Investing in it has the benefit of tax-free money received at maturity. PPF was established in 1968 by the National Savings Institute to build a large fund out of smaller savings. You can accumulate a Rs. 1 crore retirement fund if you make consistent iPPF investments for 25 years. A minimum of Rs. 500 and a maximum of Rs. 1.5 lakh can be invested in PPF.

PPF investmentsPossibility of 25-year PPF continuation

A PPF account’s maturity duration is 15 years. However, following this you can extend it in blocks of 5 years each. If you keep investing a little money in your PPF account every year for 15 years, then after 15 years you will have a good fund. After 15 years, you can close your PPF account or you can continue it for 10 years by investing 5 years each. One advantage of investing in PPF is that it offers three different kinds of exemptions. Under section 80C of income tax, you are not required to pay any taxes on the money you invest here, the interest you earn on it, or the return of your money. Aside from this, PPF is regarded as a secure investment because it is a government-backed program. This carries no danger.

PPF investments

How to establish a Rs 1 crore fund

PPF interest is paid annually at the end of the fiscal year. To receive the most possible benefit, you should deposit either Rs. 1,50,000 or Rs. 12,500 per month starting on April 1st of the current year. You will generate curiosity for the entire year. If you deposited Rs 1.5 lakh at the beginning of the year, then according to the current interest rate, interest of Rs 10,650 will be added to your PPF account on 31st March next year. That means next year you will have Rs 1,60,650 in your account.

PPF investments

18.18 lakhs in interest over 15 years

The total will be 3,10,650 rupees if you add the 1,50,000 rupees you plan to deposit for the following year to the 1,60,650 rupees already there. You will receive interest on 3,10,650 rupees, or 22,056 rupees, at the end of this year instead of 1,50,000 rupees. If you continue to deposit one lakh rupees on April 1st each year into your PPF account, after fifteen years you will have deposited twenty-two lakh rupees and will receive forty-six lakh rupees. The only interest in this will be 18.18 lakh rupees. If, after 15 years, you do not liquidate the PPF account and extend it for another five years, then your investment of Rs 30 lakh will increase to Rs 66.58 lakh. Out of this, Rs 36.58 lakh will be only interest. If you extend it again for five years (a total of 25 years), then your investment will become Rs 37.50 lakh and the interest will be Rs 65.58 lakh. In this way, in total, you will get Rs 1.03 crore.

Read More: Big offers on Flipkart! Cheapest iPhone 15 Pro will be available from 12 o’clock at night

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Remember this before making any PPF investments, big amount on maturity appeared first on ViralPosts.

]]>
https://viralposts.in/viral/remember-this-before-making-any-ppf-investments-big-amount-on-maturity/feed/0
NPS Vatsalya Scheme to be launched today, this much is investment limithttps://viralposts.in/viral/nps-vatsalya-scheme-to-be-launched-today-this-much-is-investment-limit/?utm_source=rss&utm_medium=rss&utm_campaign=nps-vatsalya-scheme-to-be-launched-today-this-much-is-investment-limithttps://viralposts.in/viral/nps-vatsalya-scheme-to-be-launched-today-this-much-is-investment-limit/#respondWed, 18 Sep 2024 07:44:38 +0000https://viralposts.in/?p=28428You may be wondering, upon reading the name of this government scheme, who is eligible to invest in the NPS Vatsalya Scheme. What are the lowest and maximum investment amounts in NPS Vatsalya? Who is going to run NPS Vatsalya? Can your child stay in NPS Vatsalya when they turn eighteen? Let’s examine the responses […]

The post NPS Vatsalya Scheme to be launched today, this much is investment limit appeared first on ViralPosts.

]]>
You may be wondering, upon reading the name of this government scheme, who is eligible to invest in the NPS Vatsalya Scheme. What are the lowest and maximum investment amounts in NPS Vatsalya? Who is going to run NPS Vatsalya? Can your child stay in NPS Vatsalya when they turn eighteen? Let’s examine the responses to each of these queries:

NPS Vatsalya SchemeThe NPS Vatsalya Scheme

is open to all nationals who wish to invest in their child. The child can carry out the plan as an adult if he so chooses. The parents or legal guardians of the child may also participate in this plan. The Pension Fund Regulatory and Development Authority (PFRDA) will oversee the operation of this plan. Any parent can choose from several investment possibilities when they contribute to their children’s NPS Vatsalya Yojana. The government has given its approval to each of these investment choices. There are four ways to invest in NPS Vatsalya, according to the Central Bank of India website.

NPS Vatsalya Scheme

According to the Central Bank of India website,

you would need to invest a minimum of Rs 1000 a year if you wish to invest in the NPS Vatsalya Yojana for your child. However, you are free to invest as much money as you like if you would like to. In other words, its maximum limit is infinite. ⁠You will need to wait three years from the date of investment if you would like to take money out of the funds you have invested in your child’s name. You are then able to take out a maximum of 25% of the funds. You can take out this money for any kind of medical treatment or schooling. In addition, if a person is disabled for more than 75% of the time, they can withdraw money. Until your child becomes eighteen, you can repeat this three times.

NPS Vatsalya SchemeWhen your child turns eighteen,

you can withdraw your investment from the NPS Vatsalya Yojana if you made it in their name. If the child’s account balance is Rs 2.5 lakh or less, you can take the full amount out the amount in one go. But if it is more than Rs 2.5 lakh, then you can withdraw 20% of the money in one go. With the remaining money, you can buy an annuity for regular income. From which you will get some money every month.

Read More: IBPS RRB PO Prelims Result 2024 is out, you can check like this

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post NPS Vatsalya Scheme to be launched today, this much is investment limit appeared first on ViralPosts.

]]>
https://viralposts.in/viral/nps-vatsalya-scheme-to-be-launched-today-this-much-is-investment-limit/feed/0
Government to take big decision on PPF-Sukanya Samridhi before budgethttps://viralposts.in/viral/government-to-take-big-decision-on-ppf-sukanya-samridhi-before-budget/?utm_source=rss&utm_medium=rss&utm_campaign=government-to-take-big-decision-on-ppf-sukanya-samridhi-before-budgethttps://viralposts.in/viral/government-to-take-big-decision-on-ppf-sukanya-samridhi-before-budget/#respondThu, 27 Jun 2024 07:05:16 +0000https://viralposts.in/viral/?p=27182This information is helpful to you if you invest in PPF-Sukanya Samridhi and other similar programs. The Modi 3.0 administration may decide to raise the interest rate on small savings plans during the fiscal year’s second quarter, which runs from July to September. By June 30, the Finance Ministry will revise the interest rate. Before […]

The post Government to take big decision on PPF-Sukanya Samridhi before budget appeared first on ViralPosts.

]]>
This information is helpful to you if you invest in PPF-Sukanya Samridhi and other similar programs. The Modi 3.0 administration may decide to raise the interest rate on small savings plans during the fiscal year’s second quarter, which runs from July to September. By June 30, the Finance Ministry will revise the interest rate. Before this, the interest rate was held steady from April to June at the same level. However, it is anticipated that the government will help small investors this time.

PPF-Sukanya Samridhi

For a considerable amount of time, the PPF interest rate has been 7.1%.

It is important to note that the government monitors interest rates on savings programs such as RD, PPF, Kisan Vikas Patra, NSC, Sukanya Samriddhi Yojana, Mahila Samriddhi Savings Certificate, and Senior Citizen Savings Scheme (SCSS) every quarter. This time the budget is expected to be presented on 22 July. If the interest rate is increased by the Finance Ministry, it will be a big gift for the middle class before the budget. The interest rate of PPF has remained at 7.1 percent per annum for a long time.

PPF-Sukanya SamridhiPeople will save more money if interest rates rise.

Increasing interest rates, according to financial experts, will motivate consumers to save more money. However, the government will need to think about raising interest rates. It is said that for the past few years, the interest rate on small savings plans has stabilized. However, the government must first determine whether or not it can afford to pay higher interest rates. The country may suffer losses on the international front if the government raises interest rates excessively. It is anticipated that the government will progressively raise interest rates in such a scenario.

PPF-Sukanya SamridhiThe 8.20 percent SSY interest rate was raised.

The interest rates of the two schemes were modified by the government for the final quarter of the fiscal year 2023–2024. At that point, Sukanya Samriddhi Yojana (SSY) interest rates were raised from 8% to 8.20%. The three-year fixed-rate loan (FD) interest rate was raised by the government to 7.1 percent. Nonetheless, for the past four years, the PPF interest rate has stayed constant. The PPF interest rate was last modified in April or June of 2020. It decreased to 7.1 percent during the Corona pandemic from 7.9 percent. There was no alteration in it after that.

PPF-Sukanya Samridhi

Small savings schemes and the interest rate on them

  • PPF is currently getting an interest rate of 7.1% per annum.
  • SCSS – Senior Citizen Savings Scheme is getting an interest rate of 8.2%.
  • The amount deposited under Sukanya Samriddhi Yojana is getting an interest rate of 8.2%.
  • National Savings Certificate is getting an interest rate of 7.7%.
  • Post Office Monthly Income Scheme is currently getting an interest rate of 7.4%.
  • Kisan Vikas Patra (KVP) is getting an interest rate of 7.5%.
  • The interest rate on 1-year deposits is 6.9%.
  • The interest rate on 2-year deposits is 7.0%.
  • The interest rate on 3-year deposits is 7.1%.
  • The interest rate on 5-year deposits is 7.5%.
  • The interest rate on 5-year RD is 6.7%.

Read More: Whatsapp to stop working on these 35 smartphones! know the details

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Government to take big decision on PPF-Sukanya Samridhi before budget appeared first on ViralPosts.

]]>
https://viralposts.in/viral/government-to-take-big-decision-on-ppf-sukanya-samridhi-before-budget/feed/0
Government changed PPF-Sukanya Samriddhi rules! New rules will apply from 1 Aprilhttps://viralposts.in/viral/government-changed-ppf-sukanya-samriddhi-rules-new-rules-will-apply-from-1-april/?utm_source=rss&utm_medium=rss&utm_campaign=government-changed-ppf-sukanya-samriddhi-rules-new-rules-will-apply-from-1-aprilhttps://viralposts.in/viral/government-changed-ppf-sukanya-samriddhi-rules-new-rules-will-apply-from-1-april/#respondFri, 29 Mar 2024 07:05:28 +0000https://viralposts.in/?p=25927PPF: This information is helpful to you if you too invest in government-run small savings plans. The government declared on Thursday that starting on April 1, 2024, the first day of the new fiscal year, there would be no modifications to the interest rates on several minor PPF plans. According to the Finance Ministry’s announcement, […]

The post Government changed PPF-Sukanya Samriddhi rules! New rules will apply from 1 April appeared first on ViralPosts.

]]>
PPF: This information is helpful to you if you too invest in government-run small savings plans. The government declared on Thursday that starting on April 1, 2024, the first day of the new fiscal year, there would be no modifications to the interest rates on several minor PPF plans. According to the Finance Ministry’s announcement, the rates will not change for the first quarter of the upcoming fiscal year, which begins on April 1, 2024, and ends on June 30, 2024.

PPF

This notification will take effect in three days.

As they were for the fourth quarter of the fiscal year 2023–2024. Interest rates for the first quarter of the upcoming fiscal year will not change from 1 January 2024  to 31 March 2024). According to the notification issued by the Finance Ministry. An interest rate of 8.2 percent will be available on the amount deposited under the Sukanya Samriddhi Scheme. It will remain the same as before. Apart from this, the interest rate on a three-year FD will remain at 7.1 percent as before.

PPF

Why was the choice made?

The investment has 115 months to mature. In addition, the interest rates for the Post Office Savings Plan (POSS), which is favored by millions of investors, and PPF will stay unchanged at 4.1 percent and 4 percent, respectively. Additionally, the 7.5 percent interest rate on Kisan Vikas Patra has been sustained. The maturity period of an investment in this government program is 115 months. Other than this, the 7.7 percent interest rate on National Savings Certificates (NSCs) will not change for the April–June 2024 quarter.

PPF

Investors will continue

to receive the 7.4% interest rate on the Monthly Income Scheme, just like they did this quarter. Every quarter, the government announces the interest rate on small savings plans based on review. These plans are mainly operated by the post office.

Read More: Suzuki launched a new bike with a 776cc engine & cost Rs 10.30 lakh

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Government changed PPF-Sukanya Samriddhi rules! New rules will apply from 1 April appeared first on ViralPosts.

]]>
https://viralposts.in/viral/government-changed-ppf-sukanya-samriddhi-rules-new-rules-will-apply-from-1-april/feed/0
On April 1, these rules for NPS will be changed! PFRDA made these 5 big changeshttps://viralposts.in/viral/on-april-1-these-rules-for-nps-will-be-changed-pfrda-made-these-5-big-changes/?utm_source=rss&utm_medium=rss&utm_campaign=on-april-1-these-rules-for-nps-will-be-changed-pfrda-made-these-5-big-changeshttps://viralposts.in/viral/on-april-1-these-rules-for-nps-will-be-changed-pfrda-made-these-5-big-changes/#respondWed, 20 Mar 2024 05:33:26 +0000https://viralposts.in/?p=25636This news is relevant to you if you too invest in NPS with an eye towards your family’s future. The Pension Fund Regulator and Development Authority is responsible for making modifications to the relevant rules (PFRDA). The PFRDA altered the relevant regulations last year as well. Again, as of April 1, the login policies will […]

The post On April 1, these rules for NPS will be changed! PFRDA made these 5 big changes appeared first on ViralPosts.

]]>
This news is relevant to you if you too invest in NPS with an eye towards your family’s future. The Pension Fund Regulator and Development Authority is responsible for making modifications to the relevant rules (PFRDA). The PFRDA altered the relevant regulations last year as well. Again, as of April 1, the login policies will be altered.

NPS

NPS will begin using two-factor authentication on April 1.

NPS customers will need to use their mobile device’s OTP and UID verification to log in. The NPS account will be kept more secure as a result of this. At the moment, accessing the account requires both a user ID and a password. Changes of any kind are possible only after logging in through them.

NPS

The PFRDA modified the withdrawal guidelines on February 1.

The NPS account holder is not permitted to withdraw more than 25% of the entire amount deposited under the new regulations. This will contain the employer’s and the account holder’s respective contribution amounts. This means that you won’t be able to take partial withdrawals from your NPS account if you currently own a home.

NPS

Additionally, PFRDA modified the guidelines for cash withdrawals.

The new regulation allows NPS customers to take out little, regular payments rather than a large, flat sum from their investments. You may take out the maturity amount as often as you’d like under this rule—monthly, quarterly, half-yearly, or annually. Before now, the rule was that you could withdraw 60 percent of the amount deposited in NPS at one go. But it was necessary to buy an annuity plan for pension with the remaining 40 percent amount.

NPS

PFRDA had previously altered the guidelines for cash withdrawals.

The new regulations state that to withdraw money, you must have certain documentation. The recipient’s pension may be terminated if he fails to upload the required paperwork or if there is any inconsistency discovered. Before anything else, you need to confirm that you have uploaded the NPS withdrawal form. In addition, a copy of your PRAN, or Permanent Retirement Account Number card, and verification of your bank account should be with you. To streamline the withdrawal process for NPS subscribers, PFRDA had previously eliminated the requirement to fill out a separate proposal form to choose an annuity after leaving the pension fund the previous year. The Pension  Board made it clear that the withdrawal form filed by the NPS subscribers will be considered as an annuity proposal.

Read More: BCCI to give Rs 1 crore annually to Sarfraz Khan & Dhruv as a part of central contract

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post On April 1, these rules for NPS will be changed! PFRDA made these 5 big changes appeared first on ViralPosts.

]]>
https://viralposts.in/viral/on-april-1-these-rules-for-nps-will-be-changed-pfrda-made-these-5-big-changes/feed/0
Deposit money in PPF, SSY & NPS accounts by March 31 to avoid potential penalties!https://viralposts.in/viral/deposit-money-in-ppf-ssy-nps-accounts-by-march-31-to-avoid-potential-penalties/?utm_source=rss&utm_medium=rss&utm_campaign=deposit-money-in-ppf-ssy-nps-accounts-by-march-31-to-avoid-potential-penaltieshttps://viralposts.in/viral/deposit-money-in-ppf-ssy-nps-accounts-by-march-31-to-avoid-potential-penalties/#respondThu, 22 Feb 2024 06:34:17 +0000https://viralposts.in/?p=25041This information is helpful to you if you invest through a PPF account (PPF), Sukanya Samriddhi Yojana (SSY), or the National Pension System (NPS). In reality, tiny savings plans require you to fund your account with a minimum amount each fiscal year. You have to keep the minimum balance to keep the account operational. The […]

The post Deposit money in PPF, SSY & NPS accounts by March 31 to avoid potential penalties! appeared first on ViralPosts.

]]>
This information is helpful to you if you invest through a PPF account (PPF), Sukanya Samriddhi Yojana (SSY), or the National Pension System (NPS). In reality, tiny savings plans require you to fund your account with a minimum amount each fiscal year. You have to keep the minimum balance to keep the account operational. The account could be frozen if the owner doesn’t deposit the required amount each year. In addition, there may be penalties assessed to the account holder.

PPF

March 31, 2024, is the deadline

for depositing the minimum amount into your Sukanya Samriddhi, NPS, and PPF accounts for the current fiscal year. The administration has made the new tax structure more alluring in the 2023 budget.  Under the new tax regime from April 1, 2023, the income tax slab was changed and the basic exemption limit was increased from Rs 2.5 lakh to Rs 3 lakh in a financial year. Apart from this, standard deduction is also available in the new tax regime. Under this, you do not have to pay any tax on income up to Rs 7 lakh.

PPF

If the required minimum deposit is not made, there could be a fine.

In this case, it’s plausible that you chose to pay your taxes under the new tax regime for the current fiscal year 2023–2024. In this case, you will receive savings like PPF, Sukanya Samriddhi Yojana (SSY), and NPS annually if you invested in small savings plans and paid taxes under the previous tax system through the end of the financial year. will need to contribute to the plan. You will not receive the benefit of tax exemption on investments made in certain savings programs, even if you choose the new tax system. Failing to deposit the required minimum in each of these accounts may also result in a fine.

PPF

How much cash must be deposited into PPF?

Every financial year, a minimum of Rs. 500 must be deposited into the PPF account, as per the 2019 PPF Rules. The PPF account will become inactive if the required minimum is not deposited. When an account is dormant, there are no loan or withdrawal options accessible. An inactive account can be reactivated before its maturity. In the event of an account default, a fee of Rs 50 is imposed annually. In addition to the default fee, the depositor must make an annual minimum deposit of Rs 500. An annual minimum deposit of Rs 500 must be made into this account each year.

PPF

Another tax-saving investment option for people

looking to save for a girl child is the Sukanya Samriddhi Yojana. The SSY system stipulates that account holders must deposit a minimum of Rs 250 each financial year. A Sukanya account is regarded as a default account if a minimum of Rs 250 is not deposited in the account within a financial year. Any default account may be revived at any point before maturity under the scheme’s rules. For each year of default, there is a Rs 50 fee to reinstate the account.

PPFNPS

Certain taxpayers utilize Section 80CCD(1B) of the Income Tax Act to invest an extra Rs 50,000 and register an NPS account to save taxes. An investment of Rs 50,000 is permitted under Section 80C, up to a maximum of Rs 1.5 lakh. Every individual is required under NPS regulations to make a minimum deposit of Rs 1,000 each fiscal year. However, if your account is dormant, you can fund it with a Rs. 500 deposit to make it active. However, it’s crucial to remember that you must deposit a minimum of Rs 1000 during a fiscal year.

Read More: Recruitment for Junior Executive positions is being accepted by Airport Authority of India

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Deposit money in PPF, SSY & NPS accounts by March 31 to avoid potential penalties! appeared first on ViralPosts.

]]>
https://viralposts.in/viral/deposit-money-in-ppf-ssy-nps-accounts-by-march-31-to-avoid-potential-penalties/feed/0
Important update: PPF-Sukanya Samriddhi accounts will be blocked as of October 1https://viralposts.in/viral/important-update-ppf-sukanya-samriddhi-accounts-will-be-blocked-as-of-october-1/?utm_source=rss&utm_medium=rss&utm_campaign=important-update-ppf-sukanya-samriddhi-accounts-will-be-blocked-as-of-october-1https://viralposts.in/viral/important-update-ppf-sukanya-samriddhi-accounts-will-be-blocked-as-of-october-1/#respondThu, 28 Sep 2023 05:30:13 +0000https://viralposts.in/?p=21883This information is helpful for you if you invest in government-run small savings programmes. The Finance Ministry recently modified the regulations for PPF, Sukanya Samriddhi Scheme, Senior Citizen Saving Scheme (SCSS), and National Saving Certificate (NSC). The new regulation has already been made known to the Finance Ministry. Aadhaar and PAN are required for investing […]

The post Important update: PPF-Sukanya Samriddhi accounts will be blocked as of October 1 appeared first on ViralPosts.

]]>
This information is helpful for you if you invest in government-run small savings programmes. The Finance Ministry recently modified the regulations for PPF, Sukanya Samriddhi Scheme, Senior Citizen Saving Scheme (SCSS), and National Saving Certificate (NSC). The new regulation has already been made known to the Finance Ministry. Aadhaar and PAN are required for investing in all of these initiatives, according to a government notification.PPF

Time for investors until September 30th

The Finance Ministry has given investors till September 30th to do this. If you disregard the Finance Ministry’s demand, your account will be free as of October 1. Investors would be required to furnish PAN and Aadhaar for KYC for all modest savings plans, including PPF, Sukanya Samriddhi Yojana (SSY), Post Office Scheme, and Senior Citizens Saving Scheme, according to a notification released by the Finance Ministry. It is essential. Before, investments could be conducted under Central Government regulations even without having an Aadhaar.PPF

PPF Update – In 2015, the Sukanya Samriddhi Yojana was launched

You can invest using your Aadhaar enrollment number even if you haven’t created an Aadhaar yet. The announcement makes it quite clear that PAN cards must be provided for investments that exceed a specific threshold. In 2015, the Modi administration launched the Sukanya Samriddhi Yojana. Prior to the government notification, Aadhaar was not required to invest in this programme. However, the law has since been modified. PAN cards or Form 60 must be supplied when creating an account under a programme like Sukanya Samriddhi, according to Finance Minister Nirmala Sitharaman. If you are unable to submit your PAN at that time, you have two months to do so.PPF

Which plans are subject to the rule?

  • Post Office Monthly Income Scheme (POMIS)
  • Post Office Fixed Deposit (FD)
  • Post Office Recurring Deposit (RD)
  • Post Office Time Deposit (TD)
  • Sukanya Samriddhi Yojana (SSY)
  • Certificates of Savings Mahila Samman
  • PPF, or Public Provident Fund
  • Kisan Vikas Patra (KVP)
  • Senior Citizens Savings Scheme (SCSS)

Read more: LIC is currently providing a discount of Rs. 4000 on this sort of policy as part of a special offer

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Important update: PPF-Sukanya Samriddhi accounts will be blocked as of October 1 appeared first on ViralPosts.

]]>
https://viralposts.in/viral/important-update-ppf-sukanya-samriddhi-accounts-will-be-blocked-as-of-october-1/feed/0
Now no worries for daughter’s education till marriage, under this scheme you’ll receive Rs.64 lakh on maturityhttps://viralposts.in/viral/with-sukanya-samriddhi-yojana-program-you-will-receive-rs-64-lakh-on-maturity/?utm_source=rss&utm_medium=rss&utm_campaign=with-sukanya-samriddhi-yojana-program-you-will-receive-rs-64-lakh-on-maturityhttps://viralposts.in/viral/with-sukanya-samriddhi-yojana-program-you-will-receive-rs-64-lakh-on-maturity/#respondTue, 18 Jul 2023 06:24:30 +0000https://viralposts.in/?p=20010The education of children costs a lot of money today. Due to a lack of funds, many parents are unable to provide their children with further education. In such a case, it is prudent to start saving money for the child’s future as soon as they are born. Daughters, on the other hand, are the […]

The post Now no worries for daughter’s education till marriage, under this scheme you’ll receive Rs.64 lakh on maturity appeared first on ViralPosts.

]]>
The education of children costs a lot of money today. Due to a lack of funds, many parents are unable to provide their children with further education. In such a case, it is prudent to start saving money for the child’s future as soon as they are born. Daughters, on the other hand, are the subject of numerous government initiatives right now. The Sukanya Samriddhi Yojana is one of them. In this scheme, you can create an account for your daughter.Sukanya Samriddhi Yojana

A modest savings programme is the Sukanya Samriddhi Yojana

Every three months, the central government sets the interest rate for these programmes. The interest rate for this programme has not changed by the government for the quarter from July to September 2023. At the moment, interest is paid out at a rate of 8% annually.Sukanya Samriddhi Yojana

Now is the time to open the account

It is only appropriate to register a Sukanya Samriddhi account once the daughter is born. Up until the daughter is 10, the account can be opened. If the account is started as soon as the daughter is born, the investor can make contributions for 15 years, and when the daughter reaches adulthood, they can withdraw 50% of the maturity amount. When the daughter reaches the age of 21, the balance can be withdrawn.Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana – Daughter will receive 64 lakhs

If you put Rs 12,500 per month into your Sukanya Samriddhi account, you will have put in Rs 1.5 lakh over the course of a year. If the interest rate at maturity is also taken into account, it will be 7.6 percent, thus the daughter will have a sizeable sum available till maturity.Sukanya Samriddhi Yojana

The maturity amount will be Rs 63, 79, 634

if the entire sum is withdrawn when the daughter reaches 21; the amount invested would be Rs 22,50,000. In this method, your daughter will receive approximately Rs 64 lakh when she reaches 21 if you make a monthly payment of Rs 12,500 into her Sukanya Samriddhi account.Sukanya Samriddhi Yojana

This plan will reduce taxes as well

With this programme, investors can receive income tax exemptions on investments up to Rs 1.50 lakh each year. Deposits are limited to Rs 1.5 lakh per calendar year. In accordance with this plan, interest is also tax-free. The maturity amount is also tax-free at the same time.

Read more: ITR filing: Govt gave this benefit & received this exemption on income tax

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Now no worries for daughter’s education till marriage, under this scheme you’ll receive Rs.64 lakh on maturity appeared first on ViralPosts.

]]>
https://viralposts.in/viral/with-sukanya-samriddhi-yojana-program-you-will-receive-rs-64-lakh-on-maturity/feed/0
Your daughter will receive 15 lakh from SBI, she can use it for both her wedding and studieshttps://viralposts.in/viral/your-daughter-will-receive-15-lakh-from-sbi-she-can-use-it-for-both-her-wedding-and-studies/?utm_source=rss&utm_medium=rss&utm_campaign=your-daughter-will-receive-15-lakh-from-sbi-she-can-use-it-for-both-her-wedding-and-studieshttps://viralposts.in/viral/your-daughter-will-receive-15-lakh-from-sbi-she-can-use-it-for-both-her-wedding-and-studies/#respondWed, 07 Jun 2023 05:29:01 +0000https://viralposts.in/?p=18667The nation’s government bank, SBI, has established a particular facility for daughters, in which you are receiving the complete Rs 15 lakh. This plan can be used for your daughter’s wedding or anywhere else in your studies. State Bank of India is running a unique program for daughters through which this facility will be accessible. […]

The post Your daughter will receive 15 lakh from SBI, she can use it for both her wedding and studies appeared first on ViralPosts.

]]>
The nation’s government bank, SBI, has established a particular facility for daughters, in which you are receiving the complete Rs 15 lakh. This plan can be used for your daughter’s wedding or anywhere else in your studies. State Bank of India is running a unique program for daughters through which this facility will be accessible.SBI

According to SBI

the Sukanya Samriddhi Yojana provides daughters with the whole sum of Rs 15 lakh. This money might be used for marriage or for your schooling.SBI

The SBI bank tweeted information regarding this.

According to SBI, the bank offers girls the Sukanya Samriddhi Scheme, in which you may turn your daughter into a millionaire by making a just Rs 250 deposit.

SBI

The benefit of a guaranteed income is

what makes this government program unique. You will additionally benefit from a tax exemption in addition to this. This program is especially for young girls. The government offers this program’s facility in order to ensure the future of females.SBI

In addition, the government is currently providing

the benefit of interest on the Sukanya Samriddhi Scheme at a rate of 8%. In addition, you can use this plan for two daughters. On the other hand, if the couple has two further twin daughters after the first, then all three children will be eligible for this government program. This account can be opened for a maximum of 15 years. You must pay a penalty of Rs. 50 if you don’t deposit the plan’s payments on time.

Read more: Jan Aushadhi Kendra, you also apply for this at Rs 5000, it will provide you 50,000 monthly

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post Your daughter will receive 15 lakh from SBI, she can use it for both her wedding and studies appeared first on ViralPosts.

]]>
https://viralposts.in/viral/your-daughter-will-receive-15-lakh-from-sbi-she-can-use-it-for-both-her-wedding-and-studies/feed/0
This program is very beneficial & offers the highest return on investmenthttps://viralposts.in/viral/this-government-program-is-very-beneficial-offers-the-highest-return-on-investment-sukanya-samriddhi-yojana/?utm_source=rss&utm_medium=rss&utm_campaign=this-government-program-is-very-beneficial-offers-the-highest-return-on-investment-sukanya-samriddhi-yojanahttps://viralposts.in/viral/this-government-program-is-very-beneficial-offers-the-highest-return-on-investment-sukanya-samriddhi-yojana/#respondTue, 23 May 2023 07:10:38 +0000https://viralposts.in/?p=18030One of the most well-liked and secure investment fields is the Sukanya Samriddhi Yojana, which the Indian government introduced. which parents must administer to their daughters. The government-sponsored little savings program will assist parents in setting aside funds for their daughter’s future need for a significant quantity. Sukanya Samriddhi Yojana – Until their daughter becomes […]

The post This program is very beneficial & offers the highest return on investment appeared first on ViralPosts.

]]>
One of the most well-liked and secure investment fields is the Sukanya Samriddhi Yojana, which the Indian government introduced. which parents must administer to their daughters. The government-sponsored little savings program will assist parents in setting aside funds for their daughter’s future need for a significant quantity.Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana – Until their daughter becomes 14 years old

investors can still make investments in this plan. When the girl child turns 18 years old, he or she may withdraw 50% of the maturity amount, and 100% when the girl child is 21.Sukanya Samriddhi Yojana

Calculator for the Sukanya Samriddhi Yojana

If a person opens an SSY account as soon as his or her daughter is born, the investment can last for 15 years because the investor is allowed to fund the account until the beneficiary girl is not yet 14 years old. Additionally, you might reduce your income tax by investing in it.Sukanya Samriddhi Yojana

Under section 80C of the Income Tax Act

investors in this program will receive income tax advantages. Consider a monthly investment of Rs. 10,000. After that, he will make 12 equal annual investments of Rs. 1.20 lakh.Sukanya Samriddhi Yojana

If the investor chooses not to withdraw 50% of

the maturity amount once his girl child gets 18, he will be eligible to earn the whole Rs 52,74,457 maturity amount once the child turns 21. Its interest rate at the moment is 7.6 percent. Please let it be known that this interest is waning.

Read more: Samsung released amazing smartphone with powerful battery, know the features & price is just 15000

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                 Click Here
🔥 Twitter                              Click Here
🔥 Instagram                 Click Here

The post This program is very beneficial & offers the highest return on investment appeared first on ViralPosts.

]]>
https://viralposts.in/viral/this-government-program-is-very-beneficial-offers-the-highest-return-on-investment-sukanya-samriddhi-yojana/feed/0