Returns so far in this scheme
April 1, 2014: 9.1%
April 1, 2015: 9.2%April 1, 2016 – June 30, 2016: 8.6%
July 1, 2016 – 30 September, 2016: 8.6%
October 1, 2016-31 December 2016: 8.5%
July 1, 2017-31, December 2017: 8.3%
January 1, 2018- 31 March, 2018: 8.1%
April 1, 2018 – June 30, 2018: 8.1%
July 1, 2018 – 30 September, 2018: 8.1%
October 1, 2018 – December 31, 2018: 8.5%
January 1, 2019 – March 31, 2019: 8.5%
Who can open the account in this account- This account can be opened by the daughter's parents or legal guardian. It can be opened till the age of 10 years from the birth of a daughter. According to the rules, only one account can be opened for a child and money can be deposited in it. That means two accounts can not be opened for a child. When opening an account, it is necessary to give a daughter's Birth Certificate in the post office or in the bank. At the same time, the identity of the daughter and the guardian and the proof of the address also have to be given. (Read also: LIC's new policy: Spend 15 rupees a day, profit of more than Rs.
What is the advantage– This scheme has the exemple-exempt-execute status. That is, with the tax rebate on the investments to be made, the return from it is also tax free.
What is the rule of taking out the amount of food when needed? Partial withdrawals can be made from the account to fulfill the financial needs of the account holder. These include work like higher education and marriage. In this account, 50 percent of the deposit amount can be withdrawn by the end of last financial year. This withdrawal from the account is possible only if the account holder can cross the age of 18. To withdraw money from the account, a written application and an educational institution or fee slip is needed in any educational institution. (Read also: Kisan Vikas Patra: Starting from 1000 rupees, your money will double fast!)
What are the deposits in the money- Deposit money in cash, check, demand draft or any other instrument that the bank accepts. For this, it is important to write the name of the depositor and the account holder. You can also deposit money in electronic account in the transfer mode. The condition is that there is a core banking system in that post office or bank. If money is deposited in the account by check or draft then interest will be paid on the clearance. Whereas in case of e-transfer it will be calculation from the day of deposit.
What is the method of transferring an account- This account There can be a transfer anywhere in the country. The condition is that the daughter in whose name the account is open is shifting from one place to another. There is no fee in the transfer. This requires proof of the shift of the account holder or his / her parent / guardian. If no such evidence is shown, then the post office or bank will have to pay 100 rupees for account transfer where the account has been opened.
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