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No Interest on Deposit made on or after 10th day of Month The interest shall be calculated for the calendar month on the lowest balance in an Account on the deposits made between the close of the tenth day and the end of the month.
So Account holder will not get any interest on amount deposited after 10th of the Month for the Month of Deposit. The interest shall be calculated for the calendar month on the lowest balance in an Account on the deposits made between the close of the tenth day and the end of the month.
Interest on Contribution in Excess of Rs. Where one can open account? The amount has been amended from RS to Rs wef In other words No Deposit for the period from 16th to 21st Year of account.
Interest on Account in Default If in the case of any Account, the default is not regularised within fifteen years of the opening of the Account, then deb sukarna writing a cover whole deposit, including the deposits made prior to the date of default, shall be eligible only for interest rate prescribed for Post Office Savings Bank at the time of its maturity and any amount credited wrongly by way of interest into an Account under default shall be reverted to the Government account as soon as it comes to the notice of the Bank or the post office concerned.
In case, any interest was credited to the Account after the change of resident status or citizenship of the Account holder, be reverted to the Government account by the post office or the Bank concerned, immediately on being informed of such change in the status of the Account holder.
Mode of Deposit — Deposit can be made in any of the following mode: Date of Credit of Deposit Made a where the deposit is made by cheque, the date of encashment of the cheque; b where the deposit is made by demand draft, the date of submission of the same to the Bank or post office; and c where the deposit is made by e-transfer, the date of deposit.
Who can Operation the account and can the girl child operate the account? Provided that the Account may be operated by the beneficiary Account holder after such Account holder attains the age of ten years.
Premature closure of account — Though the duration of the Sukanya Samriddhi account is 21 years from the date of the opening of the account but request for premature closure can be made after 5 years from the date of opening of account in following scenarios: Untimely death of the account holder— In the unfortunate event of death of the beneficiary account holder girl childthe account shall be closed immediately on production of death certificate issued by the competent authority.
In that case the balance at the credit of the account shall be paid along with the accrued interest till the date of death shall be paid to the guardian. No interest shall be deemed to accrue to the Account from the change of such status and the Account shall be deemed to be closed prematurely from that date and credit in the account will be returned to along with interest due, to the Account Holder.
Extreme compassionate grounds— Where the post office or the Bank concerned is satisfied, in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the Account holder or death of the guardian, that the operation or continuation of the Account is causing undue hardship to the Account holder, it may, after complete documentation, by order and for reasons to be recorded in writing, allow premature closure of the Account.
For Other Reasons— Premature closure of an Account may be permitted, anytime after the opening of an Account, for any reason other than provided under this sub-rule, and in which case the whole deposit shall be eligible only for the interest rate prescribed for the Post Office Savings Bank.
Pass book 1 On opening an Account, the guardian shall be given a pass book bearing the name, address and date of birth of the Account holder, date of opening of Account, Account number, name and address of the guardian, relationship with the Account holder and the amount deposited. Pre-Mature Withdrawal for Education 1 Withdrawal of upto a maximum of fifty per cent of the balance in the Account at the end of the financial year preceding the year of application for withdrawal, shall be allowed for the purpose of higher education of the Account holder but such withdrawal shall not be allowed unless the Account holder attains the age of eighteen years or has passed tenth standard, whichever is earlier.
Closure on maturity or before maturity due to Marriage of Account Holder and Payment of Interest and Principal on Maturity 1 The Account shall mature on completion of a period of twenty-one years from the date of its opening but final closure of the Account may be permitted before completion of such period of twenty one years, if the account holder, on an application, makes a request for such premature closure for reasons of intended marriage of the Account holder and on furnishing of age proof confirming that the applicant will not be less than eighteen years of age on the date of marriage.
No such premature closure shall be made before one month preceding the date of the marriage or after three months from the date of such marriage. Amount deposited in this account will be counted in overall limit of Rs. Interest earned in this scheme as well as maturity amount is exempt from Income Tax wef F.
Drawback of the Sukanya Samriddhi Account Scheme- 1.
High Lock in Period 2. Limitation on No. Scheme do not provide for online transfer of Amount in this account if account is opened with post office. It allows only payment by Cash, Cheque and Demand Draft. In respect of account with bank online transfer in this account is possible.
No Clarity on Future Interest Rate for this account. Benefits of Sukanya Samriddhi Account Scheme- 1. Higher Interest Rate 2.
Tax Benefit Under Section 80C 3. Payment on Maturity to Girl Child. Transferable Anywhere in India.Jan 23, · Cover Sheet: Select the program solicitation number from the pull-down list.
The DEB Programs will automatically appear.
Check the box indicated for the preliminary proposal. Entries on the Cover Sheet are limited to the Principal Investigator and a maximum of four co-Principal Investigators.
How Do You Write a Reply Letter? Include a heading, salutation, body, closing and signature. The body of the letter should answer the questions that one has been asked or confirm information. Formatting the Letter The best font to use for reply letters is Times New .
Jun 01, · Revisiting The Reading Workshop: A Complete Guide to Organizing and Managing an Effective Reading Workshop That Builds Independent, Strategic Readers (Scholastic Teaching Strategies) EditionCited by: 1.
The Writing Road to Reading by Romalda Spalding A method that seems to combine phonemic awareness with writing and reading lessons. Mostly applies to grade six and below. Writing Road to Reading is my go-to source for teaching the sound/symbol relationships of English.
The Spalding Method Explained homeschool-language-arts. From cover letter examples to templates, Monster's experts have a you covered!
Find sample cover letters for different careers and job industries. Cover Letter Samples for Different Careers & Industries | kaja-net.com Prime Minister Narendra Modi has Launched Sukanya Samridhi Yojna‘ (girl child prosperity scheme) with the vision to provide for Girl Child Education and Her Marriage kaja-net.coma Samriddhi Account Scheme is a small deposit scheme for girl child, as part of ‘Beti Bachao Beti Padhao’ campaign, which would provide income tax deduction Under section 80C of the Income Tax Act, and.