SSA account is to ensure a bright future for girl children in India & also encourages the Girl Parent to build a fund for the Marriage expenses.
The scheme was launched on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign.
The scheme currently provides an interest rate of 8.6% (for FY 2016-17) and tax benefits.
The account can be opened at any India Post office or a branch of some authorized commercial banks.
SSA calculator app has been designed for yearly as well as monthly investments.
In this APP you need to just fill the input field of Deposit Amount & frequency.
Then you can view in the bottom of the page Maturity Date, Maturity Amount, Total Deposit & Total Interest.
Eligibility
3 eligibility criteria have been specified for this scheme :
* Gender of Child : Under this scheme account can only be opened for Girl child.
* Age of Child : Last date for a girl child to open account under this scheme will be her 10th birthday.
* Citizenship of the Girl Child : Account can only be opened for girl child who hold Indian citizenship.
Benefits
* Highest Interest Rate among all Small Savings Schemes offered by Govt of India
* Tax Savings of upto Rs 1,50,000 in a single financial year.
* Lock-in Period
* Maturity Proceeds to be Paid to Girl Child
* Interest to be paid even after Maturity
* Minimum and Maximum Amount of Deposit
* In 1 year, minimum Rs. 1000/- needs to be invested., thereafter in multiples of 100/-
* Maximum of Rs. 1,50,000/- can be invested.
* Deposits can be made in lump-sum or spread out manner.
* No limit on number of deposits either in a month or in a financial year
Features of SSA Calculator
* SSA calculator app is easy to understand & use
* No Internet connection is required
* In SSA calculator you can visualize the calculations Graphically.
* With this SSA calculator, you can display the reports Yearly or Monthly.
* In SSA calculator you will get as the Maturity Amount.
* SSA Calculator calculates accurately.
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| Downloads: 28 | ||||
| Updated At: 2024-04-23 11:15:32 | ||||
| Publisher: Teclab Solutions | ||||
| Operating System: Android | ||||
| License Type: Free |