ONE NATION ONE RATION CARD - PM MODI's ANNOUNCEMENT


Prime Minister Narendra Modi on Tuesday announced that India would move towards a “one nation, one ration card” system to help the poor across the country. The announcement comes at a time when the NDA-ruled Centre has been facing flak for its alleged mismanagement of the exodus of guest workers triggered by the lockdown.


“In the coming times, for all of India, there will be one single ration card, which will benefit those poor workers who are living in other states,” the prime minister said.
<img src="onr.jpg" alt="ONE NATION ONE RATION CARD"/>


The PM also announced that the supply of free foodgrain to the poor, a scheme named PM Garib Kalyan Anna Yojana (PMGKAY) that began three months ago, will continue until the end of November. This will entail an additional expenditure of Rs 90,000 crore to provide free grain to around 80 crore people, in addition to the Rs 60,000 crore already spent.

“Until November 2020, we will continue to provide five kilos of free rice or wheat as well as one kilo of free chana (lentil) to feed 80 crore poor under the PM Garib Kalyan Anna Yojana (PMGKAY),” the prime minister said and added that Rs 31,000 crore have been deposited in the bank accounts of 20 crore people in the last three months.

The one nation, one ration card system will enable guest workers and their families to access PDS benefits from any fair price shop (FPS) in the country. In the present system, a ration card holder can only access the PDS from the FPS in his or her locality. Under the new system, he or she can buy subsidised grain from an FPS in another state too. This will be made possible through biometric authentication on electronic Point of Sale (ePoS) devices.

By January 2020, at least 12 states joined the “one nation, one ration card” initiative; eight more joined by June 1. While announcing her second trench of the Aatmanirbhar package, finance minister Nirmala Sitharaman had said that 67 crore people will be covered under the policy by August this year. The government aims to make it pan-India by March next year. 

Today's address to the nation was an attempt by the PM to put speed on his next project of bringing the entire country under one welfare umbrella over which the central government would have a greater say unlike in the present system where welfare disbursement is largely left to the states. The great distress felt by guest workers immediately after the corona lockdown serves as a ready rationale for bringing in this move at this jucnture. 

A single ration card system would reduce the chances of large-scale migration during a crisis like the lockdown.

Prime Minister Narendra Modi today announced that the PM Garib Kalyan Anna Yojana (PMGKAY) will be extended till November 2020. Garib Kalyan Anna Yojana was  launched to provide relief to the poor and needy class during the COVID-19.

These states of india have been integrated under 'One Nation, One Ration card' system are as follows — Andhra Pradesh, Telangana, Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, Kerala, Madhya Pradesh, Goa, Jharkhand and Tripura. Bihar, Uttar Pradesh, Punjab, Himachal Pradesh and Daman and Diu.

ITR Filing Deadlines Check The new dates


Income Tax Return (ITR),PAN-Aadhaar, Tax Saving, Form 16, Belated ITR Filing Deadlines Check The new dates

The Central government today extended the deadline for filing income-tax returns (ITR) for the 2018-19 fiscal year by a month till July 31, 2020. The Centre has also extended the time limit for linking Aadhaar card with PAN card till March 31, 2021. In the wake of covid-19 pandemic, the Central government earlier extended the deadline for filing income tax returns (ITR) for FY 2019-20 to November 30, 2020.

The Central Board of Direct Taxes (CBDT) through a notification also extended the time limit for making various investments and claiming deductions under the I-T Act for the 2019-20 fiscal year by a month till July 31, 2020.

<img src="itr.jpg" alt ="Income Tax Return (ITR),PAN-Aadhaar, Tax Saving, Form 16, Belated ITR Filing Deadlines"/>

Following are the latest deadlines as pet the CBDT notification:

1) The time for filing of original itr as well as revised income-tax returns for the Fiscal year 2018-19 (Assessment year 2019-20) has been extended to 31st July, 2020.

2) Due date for income tax return for the FY 2019-20 (AY 2020-21) has been extended to 30th November, 2020. Hence, the ITR which are required to be filed by 31st July, 2020 and 31st October, 2020 can now be filed up  to 30th November, 2020. Also, the date for furnishing tax audit report has also been extended to 31st October, 2020.

3) In order to provide relief to small and middle class taxpayers, the date for payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is up to Rupees 1 lakh has also been extended to 30th November, 2020. However, it is also clarified that there will be no extension of date for the payment of self-assessment tax for the taxpayers having self-assessment tax liability more than Rs. 1 lakh.
 In this scenario, the whole of the self-assessment tax shall be payable by the due dates mentioned in the Income-tax Act, 1961 (IT Act) and delayed payments would attract penal interest under section 234A of the Income Tax Act.

4) The date for making various investment/ payment for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C (LIC, PPF, NSC ,KVP etc.), 80D (Medi claim), 80G (Donations) etc has also been v extended to 31st July, 2020. Hence the investments  can be made upto 31st July, 2020 for claiming the deduction under these respective sections for FY 2019-20.

5) The date for making investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB of the IT Act has also been further extended to 30th September, 2020.

6) The date for commencement of operation for the SEZ units for claiming deduction under section 10AA of the Income Tax Act has also been further extended to 30th September 2020 for the units which received  approval by 31st March, 2020 this year.

7) The furnishing of the TDS/ TCS statements and issuance of TDS/ TCS certificates being the prerequisite for enabling the Indian taxpayers to prepare their return of income for FY 2019-20 . The Due date for furnishing of TDS/ TCS statements and issuance of TDS/ TCS certificates pertaining to the FY 2019-20 has been extended to 31st July 2020 and 15th August 2020 respectively.

8) The date for passing of order or issuance of notice by the authorities and various compliances under various Direct Taxes & Benami Law which are required to be passed/ issued/ made by 31st December 2020 , has also been extended to 31st March, 2021.

9) Further The date for linking of Aadhaar card  with PAN card  would  also  be extended to 31st March, 2021.

 Update PAN/Aadhaar Details

10) The reduced rate of interest of 9% for delayed payments of taxes, levies etc. Mentioned specifically in the Ordinance shall not be applicable for the payments made after 30th June, 2020.

11) The central government  cuts TDS/TCS rate earlier  for non-salary payments to residents by 25 per cent for the remaining months of the fiscal year and extended the due date for filing income tax returns (ITR) for 2019-20 till November 30, 2020.



Why ELSS is best investment Option



The USPs of investing in mutual funds is the fact that there are schemes to cater every type of investor. No matter if you are aiming for long-term wealth investment or stable income from the investment, there are different types of mutual fund schemes to match your investment goals. Now there are some schemes to help you save taxes Popularly known as tax-saving funds or Equity Linked Savings Schemes (ELSS).

Equity Linked Savings Schemes (ELSS) are eligible for income tax deduction under Section 80C of the income tax -IT Act. Let us have a detailed look at what is ELSS funds and their tax benefits.

What is ELSS?

Equity Linked Savings Scheme is a type of diversified mutual fund. While these  schemes have  exposure in equity and equity-related instruments mostly , and some  part of the investment is made in the debt .
Just like other types of mutual funds, an investor can either invest a lump sum amount in an ELSS fund of their choice or start a SIP. These funds have a lock-in period of 3-years, and an investor must remain invested throughout this period to claim the tax deduction.
<img src="EL.jpg" alt="ELSS"/>

Tax Saving with ELSS
As mentioned above, ELSS funds are eligible for a tax deduction as per the IT Act, Section 80C. A maximum deduction of up to Rs. 1,50,000 is allowed in a financial year by investing in these funds. With the majority of the investment in equity, ELSS funds are known to offer the dual benefits of long-term wealth creation and tax benefits.
But note that the tax benefits will be reversed if an investor withdraws the ELSS investment before the mandatory lock-in period of 3-years.

Tax Saving with ELSS SIP
A lot of ELSS investors often get confused about how to claim a tax deduction if they have started a SIP in an ELSS fund. But no matter if you invest a lump sum amount or start a SIP in ELSS, the maximum deduction will be Rs. 1,50,000 in a financial year.

It is up to you whether you want to invest Rs. 1.5 lakhs at once or invest Rs. 12,500/month for 12 months. You are eligible for a tax deduction in both cases as per Section 80 of the IT Act. But do note that the lock-in period of every SIP will be 3-years from when you invest the amount.

Taxation of Capital Gains from ELSS
As ELSS mutual funds are equity-oriented funds, they are taxed as any other equity fund. LTCG of 10% without the indexation benefit is applicable when you redeem your ELSS investment after the lock-in period of 3-years and your gains for the year are above Rs. 1 lakh.
But as ELSS funds have excellent long-term wealth creation potential, most investors generally do not redeem their investment even after the lock-in period. A tax-saving mutual fund scheme like ELSS has the shortest lock-in period of just three years. This makes ELSS one of the best ways to save taxes as well as create wealth over the long term.

Tax deduction under section 80C of up to Rs. 1,50,000 per year

Lower lock-in period and higher return potential in comparison to other 80C investment options such as Tax-saving FD, PPF, NPS, and NSC.

Freedom to invest a lump sum amount or start SIP with as little as Rs. 1,000/month


Dividend option if you want to earn a regular income from your ELSS investment

Professional fund managers make investment decisions on behalf of the investors

Now that you know what is ELSS mutual funds, it shouldn’t be difficult for you to decide whether or not they are an excellent choice for you. These funds are generally recommended for individuals who want to save income tax and are aiming for long-term financial growth.
Must Remember that as these funds have higher equity exposure, they are volatile and not recommended for someone wanting stable returns.


#MUTUALFUNDSSAHIHAI

MUTUAL FUND CALCULATOR

Arogya Sanjeevani


 Arogya Sanjeevani  Health insurance Plan

In time of  any health issue , a basic Health insurance is better than nothing .

Insurance regulator IRDAI introduced a Basic health insurance policy,  named  "Arogya Sanjeevani" to not overpower a first time health insurance  plan buyer .

The policy is the same whether bought from a private or public sector insurer. It will include the name "Arogya Sanjeevani" followed by the name of that insurer. A policyholder can avail of the cashless facility across the network hospitals of an insurer and get can get his or her medical expenses reimbursed. Between the insurance companies offering Arogya Sanjeevani, the only differentiating factor is in the premium and the process of on-boarding a customer. The buyer has to make a decision on the basis of the goodwill and brand of insurer and the cost, instead of comparing a long list of riders across different products.
<img src="h.jpg" alt="arogya sanjeevani full information and details"/>



Govenments main aim of launching Arogya Sanjeevani is to take care of the basic healthcare expenditure of the public ,like in some countries it is compulsory for citizens to have a health Insurance. Arogya Sanjeevani has basic mandatory covers such as hospitalisation, including for Covid-19, day-care treatment, pre- and post-hospitalisation expenses, and offers tax benefits under sec 80(C).
The idea behind the introduction of Arogya Sanjeevani policy was to provide a simple and basic level health insurance product to consumers with a cover of up to Rs 5 lakh for hospitalisation in case of  injuries or illnesses. Arogya Sanjeevani was introduced to encourage more people in India to opt for health insurance products to cover basic hospitalisation charges without being confused by the endless number of health policies offered by insurance companies.
IRDAI has banned insurers to impose deductibles or offer riders and variants with this policy.

Features of Arogya Sanjeevani
It covers basic hospitalisation expenses like day-care treatment, pre and post-hospitalisation expenses.

The policy terms under Aarogya Sanjeevani are the same irrespective of the insurance company you buy from.

Available for both individual and on family basis.

Minimum sum insured is Rs 1 lakh and the maximum is Rs 5 lakh.

Minimum entry age: 18 years, maximum entry age: 65 years. For children under 'Family Floater' policies, the entry age: 3 months, exit: 25 years.

It is annually renewable with a grace period of 30 days, with a lifelong renewability option.


No add-ons and optional covers available.

Room rent, boarding and nursing expenses are capped up to 2 per cent of the sum insured and maximum Rs 5,000 per day. Intensive Care Unit (ICU) / Intensive Cardiac Care Unit (ICCU) expenses are capped up to 5 per cent of the sum insured and maximum Rs 10,000 per day. The maximum ambulance covered under this policy is Rs 2,000 per hospitalisation.

As a special benefit, plastic surgery and dental cover in case of injury or illness are provided.
Cumulative bonus facility is available, that is, an additional increase in sum insured (up to a maximum of 5 percent) without any increase in existing premium payment.

Portability has been allowed in health insurance.
No claim rejection after 8 years

Cooling and waiting period -Except accident no other ailments will be covered in the first 30 days of the Arogya Sanjeevani policy. For any pre-existing diseases the insured person will have to wait for 48 months to get coverage under the policy.

Which insurance company is best  to purchase Arogya Sanjeevani?

Under the Arogya Sanjeevani health insurance policy, coverage, exclusions and aspects of the policy such as co-payment (cost-sharing arrangement that is, a certain percentage of claim amount that the customer has to compulsorily pay from his/her pocket) and sub-limits (cap on coverage for a particular treatment), are the same across insurers.

However, premium and process of on-boarding a customer will vary between the insurance companies. Therefore, the decision of which insurer should one choose will rest on the credentials of their insurer, the cost of premium offered, their network of hospitals for the cashless facility (or reimbursement of incurred expenses) and their customer service.

You could also look at the convenience of their online services to purchase insurance as well as pay the premium, if that is important to you. Further, due to the standardisation, a customer can seamlessly port between insurers if he/she is not happy with their existing insurer's service.



As mentioned in upper paragraphs, the Arogya Sanjeevani policy is a simple health plan with a cover of up to Rs 5 lakh. It will probably suit those who do not have a good health insurance cover from their employer, are young and new to the health insurance buying terms. Its kind of Cheap and best health insurance.

However, if you have dependents (parents or children), Rs 1 to 5 lakh cover may not be sufficient considering the high costs of hospitalisation in private hospitals based in metro and urban areas. You can search for some other insurance policies for better coverage of your and your family needs.


Arogya sanjeevani - IRDAI GUIDELINES


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TOP FIVE PRIVATE SECTOR BANKS IN INDIA 2020

These are the TOP FIVE PRIVATE SECTOR BANKS IN INDIA

According to a recent survey in india , Bankingsuvidha.com declares top five private sector banks in india. This survey is based on customer service, Fees and charges,interest rates, Processing time for various banking activities,Banks online presence e.g., Internet- banking, mobile banking apps, UPI,
Atm and Branch penetration, Third party products, Online banking and mobile banking applications
safety,security and graphical user experience and After sales service.

So First of the TOP five is-

HDFC BANK


It is one of India’s leading private sector bank and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in the year 1994.

HDFC Bank has a banking network of 5,345 branches and 14,533  ATM  spread across 2,787 cities and towns in india.


Second of the TOP five banks is -


It was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI Bank is one of the leading private sector bank in India. The Bank’s total assets stood at Rs.12.50 trillion at June 30, 2019. ICICI Bank currently has a network of 5,275 branches and 15,589 ATMs pan India.



<img src="NM.jpg" alt="TOP FIVE PRIVATE SECTOR BANKS"/>

Third of the TOP five banks is-


It is the third largest private sector bank in India. Axis  Bank offers the entire portfolio of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
The Bank has a large penetration of 4,528 domestic branches with 12,044 ATMs & 5,433 cash recyclers pan india. 

The fourth one is-
From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today, KOTAK MAHINDRA BANK has high revenue of Rs. 28,547.24 Crores It has earned the reputation of being a leading private sector bank in India. Founded in the year 2003, the bank has 1,390 branches  with 2,100+ ATMs in india.
On the Fifth Position is-
Yes Bank was established in the year 2004, It deals in  asset management services and retail banking functions, along with investment banking, corporate finance, branch banking,  and SME banking facilities. It's One of the fastest growing private banks of the nation, it has  revenue of Rs. 25,419 crores in the year 2019. YES bank has  1,122 branches and  1,220 ATMs in india.

Case study on students access to online education


What online education when 56 per cent of children have no access to smartphones and internet?



Around 56 percent of Children were found to have no access to smartphones which have risen as fundamental devices for web based learning or online education during the coronavirus prompted lockdown, as indicated by a research that overviewed 42,831 students  at different school levels.

The case study 'Situation in the midst of COVID 19 – On ground Situations and Possible Solutions' was led by CHILD rights NGO Smile Foundation with a goal to find out how may students in india have access to smartphones and internet and how they can participate in online education system.

The discoveries of the case study demonstrated that 43.99 percent of studying Children approach smartphones and another 43.99 percent of them approach fundamental cell phones while 12.02 percent don't approach either smartphones or essential cell phones.

An aggregate of 56.01 percent kids were found to have no access to smartphones, the case study elaborated.

"Concerning TV, it was noticed that while 68.99 percent student approach TV, a significant piece of 31.01 percent doesn't. Thus proposing that utilizing cell phone intercessions for improving learning results isn't the main arrangement," case study elaborated.

At the primary section of education  (class 1 to 5) 19,576 Children were reviewed while at upper middle education level (class 6 to 8) 12,277 kids were overviewed. At high school education level  (class 9 to 10) 5,537 Children were overviewed  and at higher secondary education level (class 11 to 12) 3,216 kids were reviewed.

The case study on education led utilization of  two methodologies -first, via phone where in the case study members connected with the kids whose database they  previously had —and second was through community mobilization wherein case study members  went on grass-root level to find the data.
<img src="edu.jpg" alt="online education,online clsses,digital divide"/>

The case study on education was conducted in 23 states, including Delhi, Gujarat, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana, Uttar Pradesh, Haryana, over a time of 12 days from April 16 to April 28.

The lockdown initiated by the COVID-19 pandemic in March insisted schools and universities to move to the virtual world for educating and learning exercises. However, many education experts say the digital divide in the country may turn online classes into an  educational  discrepancy.Recently we got news that some children committed suicide because they were not able to participate in online classes because they or their parents didn't have smartphones.

According to official data , there are over 35 crore students in the country and it isn't clear with respect to what number of students have access to smartphone and internet.

Best ways to save money During Covid-19

Hey everyone Lets Discuss the Best ways to save money During Covid-19


The surprising pandemic has shattered many families because of cash-crunch towards pressure and stress for Directing their costs such that the likely arrangements are not shaken. individuals are aware about the truth, low liquidity in the marketplace with leading to low salaries, activity losses, and the general destruction caused.

In light of this, we’ve a few effective approaches that might alleviate a number of the economic tension you'll be feeling and help you examine what you really want vs what you need in those nerve-racking and nerve-recking instances. In any case, this could be helpful significantly after the end of this pandemic.
<img src="ric.jpg" alt="ways to save money"/>


So Let's start

Bid farewell to useless installments

While bolted up inside your loft, there'll be a couple of things you may even now be paying for that you can not utilize anymore. Such things must be dropped, or you should inquire as to whether they can defer or suspend your installments until you can utilize them once more. A significant number of them will be more than ready to agree to your solicitation. Ex. Repetitive broadband association, additional TV slots which you have not been looking for a month or thereabouts.


There's a great deal of fat you should trim from your regular spending. Furthermore, lamentably, this likewise implies you need to make a few penances. skip takeout and keep it easy when grocery buying, keep it low-fee by being aware of what you’re installing your cart. Drop memberships you don't require, for example, streaming offerings, meal subscription packing containers or cloud storage. This doesn't need to be perpetual yet could let loose some truly necessary money meanwhile.


As of now, with so much vulnerability going around, presently isn't an ideal opportunity to have an inadmissible Credit card, especially in case you're confronting budgetary weight. Paying a high yearly expense or excessive loan fees can truly hamper you, so now is a decent time as any to assume responsibility for your credit.
Keep in mind, this extreme period will leave sooner or later. Make the best of this brief time frame to come out monetarily more grounded and give you benefits that will endure forever! These ways won't just set aside cash yet in addition help to keep you monetarily sheltered and cheerful.



Every money related establishment have hardship help groups to help you during troublesome occasions, and a significant number of them have extended these groups or loosened up their rules to help clients affected by COVID-19. Helping a client get by present moment so they can stay a client long haul is more valuable to the budgetary organization than simply turning you out all of a sudden.  Central and state governments, just as private organizations themselves, have all made different concessions and plans accessible to the citizens. For Example , one of the most beneficial is the RBI initiated moratorium scheme. to start with, it was relevant for three months, now it’s similarly extended to 6 months (until 31/08/2020). Majority of the Indian financial institutions have supplied the equal
#Best ways to save money During Covid-19

Financial Goals You Should Reach By 30 Years of age


It's normal to pile on unpaid liability in your 20s. It's the time a significant number of us manage understudy credits and acclimate to living all alone. Lamentably, letting your accounts turn crazy during your 20s can have genuine results when you're in your 30s. Defining cash objectives to reach before you turn 30 can help make your 30s an opportunity to appreciate. These objectives will assist your Financial Goals that You Should Reach By 30 Years of age

<img src="30.png" alt="Financial Goals You Should Reach By 30 Years of age'/>


Adhere To A Monthly Budget

First of all, with regards to setting up and arriving at money related objectives is to make a month to month financial plan. Along these lines you'll know how much cash you have to have for bills and different commitments and what amount is accessible for the entirety of the pleasant additional items.

Make a financial plan by assessing what you go through every month and isolating it into two records. One of the fundamentals (charges, staple goods, gas, and so on.) and one for trivial items (eating out, new apparel, and so on.). Cutting down what you spend on the unnecessary items and putting it towards obligation can help take care of down tabs quicker. Have a go at utilizing a financial plan application, similar to ET money,Good Budget to monitor your spending plan in a hurry.

Maintain a strategic distance from Impulse Spending

Maintaining a strategic distance from motivation spending is an incredible method to abstain from adding to your obligation and remaining inside your financial plan. You can decrease drive buys by staying away from the shopping center, online retailers, or computing how long you'd need to function to bear the cost of superfluous buys.

Making sense of to what extent you'd need to work to bear the cost of something can help put that buy into viewpoint. As opposed to going through cash, consider investing your energy bringing in cash. Getting a side activity, for example, blogging can give you the adaptability to work at whatever point you have the opportunity. This will assist you with bringing in cash and keep you out of the shopping centers for a twofold pocket-cushioning whammy!

Pay Off All Of Your Debt

The normal undergrad will begin their post-school existence with rupees 30,000 or more in understudy credit obligation. This doesn't represent Visa obligation or vehicle advances. As should
be obvious, it's anything but difficult to pile on unpaid liability however taking care of it is another issue out and out.

One reason it very well may be so hard to take care of obligation is on the grounds that loan costs and late charges include while you're attempting to pay your obligation down. Paying just the base month to month sum due can wind up costing you thousands more over the long haul, which is the reason it's advantageous to take care of your obligation and short term credits. as fast as could reasonably be expected.

Set little objectives, such as concentrating on taking care of each card or advance in turn (while obviously proceeding to make installments on the entirety of your obligations), until the entirety of your obligation is paid off. You could likewise attempt a distributed loaning organization, such as Lending Club, to unite obligation at a lower in general financing cost.



Make An Emergency Savings Account

Notwithstanding settling obligation and abstaining from overspending, you ought to likewise intend to make an investment account in the event of a crisis, similar to work misfortune or clinical issues.finance objectives, fund objectives thoughts, money objectives tips, fund objectives obligation result, fund objectives tips, money objectives posts

It's prescribed to have enough cash put something aside for three to a half year of everyday costs. One simple approach to begin adding to your investment funds is to set up your financial record to naturally move assets from your checking to a bank account or utilize an assistance like Chime.

#SAVEMONEY #FINANCIALPANNING

PPF vs Sukanya Samriddhi Scheme


During emergencies, it's  your financial savings that gets your life balanced. if you accurately make investments or make financial savings, it will be one of the best advantage you but for your future generation too.
Small savings Schemes are most simple and secure options that can be chosen  for your as well as your kids future.

Small savings Schemes consist of post office savings Account, national savings certificate, Lic policy, monthly income scheme(MIS),Fixed deposit, recurring Deposit, PPF and Sukanya Samriddhi Account.

There are  Two major funding alternatives which are safe and secure  for future  of your children which also provides you tax benfits and are risk free.

You can open your Public Provident Fund (PPF) account in your own name or on  the behalf of a minor. PPF is a 15  years funding scheme beneath which an investor enjoys tax exemption at the time of deposit, accrual of interest and maturity  withdrawal.
The PPF Scheme, introduced  in 1968 was aimed at making small financial savings a beneficial funding choice.
PPF presently offers an interest  of 7.1 %.
Minimum Rs 500 and a maximum of Rs 1.5 lakh can be deposited a year  to  PPF account. Deposits can be made  maximum  12 times. However, you ought to be aware that in case you deposit greater than Rs 1.5 lakh on your PPF account in keeping with annum, the extra quantity will neither earn any interest nor will be eligible for rebate underneath income Tax Act 80(c).

PPF-calculator


Sukanya Samriddhi yojna account may be opened in the name of a Girl child until she attains the age of 10 years. The deposits fetches interest rate of  7.6 % . Account may be opened with at the least Rs 250 - and thereafter any amount in multiple of Rs 100- can be deposited. The deposits made to the account, and additionally the proceeds and maturity quantity, would be fully exempted from tax under section 80C of the Income Tax Act.
At most Rs 1,50,000 may be deposited in financial year. Deposits may be made up to fourteen years from the date of Opening of the account. After this time period, the account will simply earn interest  as per the  applicable rate.
One withdrawal will be allowed on achieving the age of 18 years of account holder to meet education/marriage fees upto 50% of the account balance on the credit of previous financial year.
The interest rate on Sukanya Samriddhi account is revised quarterly, much like different small financial savings schemes and PPF.

Sukanya samriddhi yojana-calculator

सुकन्या समृद्धि योजना

Sukanya Samriddhi Account /  ssa account

सुकन्या समृद्धि खाता भारत सरकार समर्थित बचत योजना है जिसका लक्ष्य बालिकाओं के माता-पिता पर लक्षित है। यह योजना माता-पिता को अपनी महिला बच्चे के लिए भविष्य की शिक्षा और शादी के खर्च के लिए एक कोष बनाने के लिए प्रोत्साहित करती है

इस योजना की शुरुआत प्रधानमंत्री नरेंद्र मोदी ने 22 जनवरी 2015 को बेटी बचाओ, बेटी पढ़ाओ अभियान के तहत की थी। यह योजना वर्तमान में 8.4% (जुलाई-सितंबर 2019 तिमाही के लिए) और कर लाभ प्रदान करती है। यह खाता किसी भी भारत डाकघर या अधिकृत वाणिज्यिक बैंकों की शाखा में खोला जा सकता है।

सुकन्या समृद्धि खाता नियम, 2016 को 12 दिसंबर 2019 को रद्द कर दिया गया था और नई सुकन्या समृद्धि खाता योजना, 2019 शुरू की गई थी।

<img src="ssa.jpg" alt="Sukanya Samriddhi yojna"/>

इस योजना की शुरुआत प्रधानमंत्री नरेंद्र मोदी ने 22 जनवरी 2015 को हरियाणा के पानीपत में की थी। खाते किसी भी भारत डाकघर या कुछ अधिकृत वाणिज्यिक बैंकों की शाखा में खोले जा सकते हैं। प्रारंभ में, ब्याज दर 9.1% निर्धारित की गई थी लेकिन बाद में वित्त वर्ष 2015-16 के लिए मार्च 2015 के अंत में 9.2% तक संशोधित किया गया था। वित्त वर्ष 2016-17 के लिए ब्याज दर में संशोधन कर 86 फीसद कर दिया गया है।

यह खाता बालिका के जन्म और माता-पिता/अभिभावक द्वारा 10 वर्ष की आयु प्राप्त करने के समय के बीच कभी भी खोला जा सकता है प्रति बच्चे केवल एक खाते की अनुमति है। माता-पिता अपने प्रत्येक बच्चे के लिए अधिकतम दो खाते खोल सकते हैं (जुड़वां और तीन के लिए अपवाद की अनुमति) खाता भारत में कहीं भी स्थानांतरित किया जा सकता है।

शुरुआत में खाते में न्यूनतम ₹250 जमा होना चाहिए। इसके बाद 100 रुपये के मल्टीपल्स में कोई भी राशि जमा की जा सकती है। हालांकि, अधिकतम जमा सीमा ₹ 150,000 है। यदि ₹ 250 का न्यूनतम जमा, (शुरू में जो 1000 था) एक वर्ष में नहीं किया जाता है, तो ₹ 50 का जुर्माना लगाया जाएगा।

लड़की 10 साल की उम्र में पहुंचने के बाद अपना अकाउंट ऑपरेट कर सकती है। यह खाता उच्च शिक्षा उद्देश्यों के लिए 18 की उम्र में 50% निकासी की अनुमति देता है। खाता इसे खोलने की तारीख से 21 साल की समयावधि के बाद परिपक्वता तक पहुंचता है। खाता खुलवाने की तिथि से लेकर 15 साल पूरे होने तक खाते में जमा राशि जमा कराई जा सकती है। इस अवधि के बाद खाते में केवल लागू ब्याज दर अर्जित होगी। यदि खाता बंद नहीं किया गया है, तो यह प्रचलित दर पर ब्याज अर्जित नहीं करेगा। अगर लड़की 18 से ज्यादा और शादीशुदा है तो नॉर्मल क्लोजर की इजाजत है

ब्याज दर (SUKANYA SAMRIDDHI INTEREST RATE)
वर्तमान में सुकन्या समृद्धि खाते पर ब्याज दर 7.6% है। न्यूनतम निवेश राशि 250 रुपये और अधिकतम 150000 रुपये है।

कर लाभ(SUKANYA SAMRIDDHI TAX BENEFIT)
लॉन्च के समय, केवल खाते में जमा आयकर अधिनियम की धारा 80 सी के तहत कर कटौती के लिए पात्र थे, जो 2015-16 में ₹ 150,000 है। हालांकि, वित्त मंत्री अरुण जेटली ने 2015 के केंद्रीय बजट के दौरान, खाते से ब्याज पर कर छूट और परिपक्वता के बाद फंड से निकासी पर, सार्वजनिक भविष्य निधि के समान कर लाभ बनाने की घोषणा की। ये परिवर्तन 1 अप्रैल २०१५ से भूतलक्षी प्रभाव से लागू किए गए थे इन फायदों का सालाना पुनर्मूल्यांकन किया जाएगा।

परिपक्वता नियम 2016 (SUKANYA SAMRIDDHI MATURITY RULES)
(1) (1) खाता अपने खुलने की तारीख से इक्कीस वर्ष की अवधि पूरी होने पर परिपक्व होगा: यदि खाताधारक, किसी आवेदन पर, खाताधारक की शादी के कारणों के लिए इस तरह के समय से पहले बंद करने का अनुरोध करता है और आयु प्रमाण प्रस्तुत करता है जिससे यह पुष्टि होती है कि आवेदक शादी की तारीख को अठारह वर्ष से कम आयु का नहीं होगा
बशर्ते कि शादी की तारीख से पहले एक महीने से पहले या ऐसी शादी की तारीख से तीन महीने बाद ऐसा कोई समय से पहले बंद नहीं किया जाएगा

(2) परिपक्वता पर, खाते में बकाया ब्याज सहित शेष राशि खाताधारक को खाते को बंद करने के लिए खाताधारक द्वारा आवेदन पर और उसकी पहचान, निवास और नागरिकता का दस्तावेजी प्रमाण प्रस्तुत करने पर देय होगी

(3) खाता खुलने की तारीख से इक्कीस वर्ष पूरा होने के बाद कोई ब्याज देय नहीं होगा।

खाते का हस्तांतरण(TRANSFER OF SUKANYA SAMRIDDHI ACCOUNT)
(1) खाता भारत में कहीं भी और डाकघरों से या डाकघरों से और बैंकों से और डाकघर और बैंक के बीच, या तो अभिभावक या खाताधारक के निवास के स्थानांतरण के प्रमाण प्रस्तुत करने पर निशुल्क और अन्यथा, डाकघर या बैंक को एक सौ रुपये की फीस का भुगतान करने पर स्थानांतरित किया जा सकता है जिससे स्थानांतरण किया जाता है

(2) यदि डाकघर(POST OFFICE) या संबंधित बैंक को CORE BANKING की सुविधा प्राप्त है तो खाते के हस्तांतरण की प्रक्रिया इलेक्ट्रॉनिक रूप से प्रभावी होगी