Sukanya Samriddhi Yojana - All you need to know | CA Rachana Ranade

[@CARachanaRanade]

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[@AmrinPeerzade-z6w]

Amazing methodology of simplifying required concepts..Thankyou Ma'am!!!!

[@rohitmendke9044]

Khup khup aabhar ma’am… apratim teaching ahe aapla..🙏🏻🙏🏻🙏🏻

[@bharatkolluri318]

'Finance for Teens' is a great idea. The timing is also fantastic as the kids have holidays. Can you please plan for a virtual session as well so that kids outside of Pune can also participate and benefit from it.

[@priyansh8858]

Mam I think you need to work on thumbnail because its not professional thumbnail and I think its not much creative... Please make some changes on design... ~with great regards from priyansh

[@hanamantmunnolli6381]

Superb. Really helpful in enhancing financial awareness. Thanks, ma'am.

[@ronychiku]

You have explained it easily and in a so so so simple manner that my 5m old child has also understood .

[@thommi777]

Took it in 2016 for my princess born in 2015.

[@ankith1316]

Being a banker I always enjoy fulfilment in rural areas when I see parents tend to open ssy just after girl child's birth... 😊

[@bkhimansu.123]

Couldn't open SSY account because useless service by our banking system 1. We are working professional 6 days Monday to Saturday. 2. I took holiday one day and go to open account they will ask come tomorrow. 3. Went to post office there system in down they asked to come next day 4. After some day again took holiday and gone to bank they asked girl's Aadhar card 5. Visited to other banks they asked to open first saving account. After so much frustration I don't have any interest to open SSY

[@uniformforces]

Really very informative. Thank u mam. Pls continue bringing such useful content.

[@akankshashah1377]

Informative ❤ But which are the other options for the girl child above age 10 ?

[@sunny20009]

I think there is a mistake , its not 21 years from date of opening of account, its 21 years of girls age

[@sethu5782]

SSY came to know so much infn.explained very clean and detailed way thanks rachana ji.👌👍🙏

[@gc2455]

Very well explained.. all my doubts are clear.. and I got know many new points which I wasn't aware of..Thank you so much for such detailed information.

[@sandeepjoshi4353]

The thumbnail was so so innovative that I couldn't believe on my eyes 😂🙏🙏 I saw it again and then started watching the video. Too good, Great piece of creativity!!! Knowledge was served as ever... Fabulous...and fruitful..🙏👍👍

[@Sameer-Shirsekar]

This is official C A Rachna team?

[@sukhdeepkaur6606]

Very informative video. Thank you

[@nihaljain4463]

Such a great video. That’s why these finance influencers should be qualified ❤

[@venkateswarlub1223]

Waiting for this video from long time 🙏🙏

[@llmahitoll]

Your explaining techniques are really good

[@kiranswamy1753]

Best channel on any finance related topic!!! Not a single second of non sense info, just to the point and very clear!!! Keep going!!! Please make more video to educate people on best available way to save money for themselves and to there families!!!

[@juhisharmaprasad7381]

An exceptionally good video....thanks a lot

[@rahulgpai]

Hey Rachana, thanks for this informative video. I have one question. What happens in a scenario where the parents of a girl child pass away say after few years but before the completion of tenure of 15 years of payment term? Does the account get closed? Or the payments are waived off and the account stays put till the child turns 18?

[@pallavim]

Thank you, Rachana, for answering all my questions

[@sujathab6908]

Excellent inputs. Thanks a lot.

[@harish24310]

Instead of ppf can it be kvp of post office with less lockin 3years and same compound interest

[@ashwinantony7140]

Thank you , This is very helpful

[@AdityaSharma_95]

All doubts are cleared. I am going to open SSY A/c for my new born baby girl. Thanks for the video. Very nice explanation. 👍

[@CARachanaRanade]

Glad it was helpful!

[@shivanidabi7348]

Thankyou Ma'am

[@virendrachoukle7254]

Madam, I have opened SSY account in SBI in 2017. I am investing Money in her account regularly on monthly basis. Is there any option in SBI to get online account statement?

[@Thedemons91]

Being a father of a girl child I lacked so much of the Info.. Thanq for educating mam

[@rajnikanth336]

Thank you

[@subratchaudhary3614]

Great details on SSY , I was planning to open one and I got answers to most of my Queries 👌Thanks 👍

[@ansarmunda]

Very informative content 👍✅

[@gdgavali]

One Correction.. Account matures when girl turns 21 and not after 21 years of account opening...

[@ishaanjuneja1030]

No account matures when it completes it's 21 years

[@shyamprasad6421]

Excellent session mam... ❤

[@gauravmehta3461]

Excellent video all doubts cleared👍

[@thakkarnamrata3088]

Thank you mam

[@ashwiniraghavan1144]

very useful and informative !!

[@ysp9]

65 lacs looks good ,but what will be the value of that money after 21 years considering the inflation.

[@dr.t.shanmugapriyarajesh3910]

Very informative❤

[@kishorkadam435]

SSY is good option but again if we look maturity period then whatever amount will get will that beat inflation rate ?

[@SonaliBarekar]

Nicely explained ma'am

[@harinathtv]

wonderful presentation

[@CARachanaRanade]

Thanks a lot

[@chandniminz3258]

your teaching and videos are very clear and easy to understand .. ma'am make a video about KSN coin in detail 🙏 please

[@DhanshriWagh]

Mam me ssy account open kele theva 9% interest rate tha ab 7.9% hai aur aage kitna milega mahit nhi invest karna sahi hai

[@rahulhegishte9878]

Well done, Rachana!!!

[@Abhisikta100]

Wht are the terms and conditions at the time of maturity after 21years. If at the time girl child is not pursuing any higher studies or not marrying anyone, will there be any restrictions for claiming the whole money??

[@mohanraj6843]

Thank Mam informative,

[@sojithssp]

Hey Wassup Ma'am🎉 Love that thumbnail ❤😮

[@haramohanty8144]

Nicely explained.....

[@amolpatil1071]

Good Video Thanks for sharing

[@UjjwalSood]

mam could u pls make a separate video on student loan , as i am planing for further studies to take student loan to study in abroad , strategies to repay it , for which bank i should go for ( private or public ) , which bank is flexible for students , what r the requirements , i knew that thier are a tons of videos over this topic on internet but we all know that they all are sugar coated i just wanted to know each and ever thing from u cause i trust u and ground reality of it

[@shailesh_joshi]

SSY is not allowed for NRIs (non residents). Your videos are excellent. But just a small request to keep NRIs in your thoughts. You have lot of NRI viewers.

[@visupreddy]

What if I become NRI after opening SSY? Can I still continue the SSY account?

[@shailesh_joshi]

@@visupreddy I don’t know about SSY. But PPF is also not allowed for NRIs. In case of PPF if one becomes NRI after opening it then it is not allowed to contribute more into PPF account as long as person is NRI. Account can remain active. Person can again start contributing after getting resident status. This is the information I got when I consulted with my banker. Please verify before making any financial decision.

[@sudhanvashanbhagh3005]

After 18 year of age Child get the authority of account and can is it mandatory that the maturity amount is used for the purpose of marriage or higher education only ? Or can it be other purposes?

[@nilanchalagauda8823]

If the earning guardian or girl child demise before maturity (21 years) unfortunately .is the monthly/yearly premium will be waived or what is the next course of action?

[@VikashAgarwal]

like we can extend the ppf account, can we extend this SSY account also?

[@sagarneve4015]

One distinguishing factor, between ppf and ssy , could be : ppf can be extended ; Would could be other reasons for going with ppf instead of ssy ?

[@CARachanaRanade]

1 - Lower lock in period in PPF 2 - Loan facility against balance in PPF 3 - You don't have a girl child.

[@sonu99594]

I have Read this on Groww Article , It says that The corpus withdrawn can be used to meet the expenses of higher education of the girl child "The amount can only be used to meet fee and admission charges. To prove that the amount is being utilised for educational purposes, the depositors are required to submit University admission documents as well as fee receipts" Please clear this madam

[@AmitKumar-ye3nx]

Hello ma'am.....What is provision, in case any casualty happens at the age of 4 ?

[@CARachanaRanade]

In the event of death of the account holder, the account shall be closed immediately on application in Form-2, on production of death certificate and the balance in the account and interest due thereon till the date of death shall be paid to the guardian.

[@nitikagandhi6709]

Hello, Rachna. Very elaborative and well-explained. I just had one question and thought I'd ask you. You indicated in the video that if the account is started when a girl child is 10 years old, the SSY matures when the girl child reaches the age of 31. Does this mean we can continue to invest 1.5 lacs for the next 15 years, say, until the girl child reaches the age of 25?

[@ertinu1]

Suppose if the kids move abroad with their family when they were 10 years old, will the money will lock upto 18 years and still the money is safe.

[@gajananadake6592]

Yearly diposits can we change . And is it beneficial. Like 1st year 4000 second year 6000

[@MrRam2885]

I didn't continue during covid time whether it can be activated again

[@soniliz1219]

Yes,you have to pay penalty

[@CARachanaRanade]

50 Rs. penalty per year of default + 250 Rs. per year minimum deposit needs to be paid and the account will get active.

[@savefuture_savefuture]

If parent will get any risk in the time of paying will get any benefit in scheme maam

[@soumyashreetripathy8430]

Can I put the entire amount at once for that year and not every month?

[@bhavnaberi6026]

Mam..have it online class for the teens please..its a request..would love if my child attend this.

[@meenakshirajasekaran1330]

Hi mam, all points of SSY were very clear. Thank you. Let me ask you my question: Can one open SSY account for someone else girl child showing essential documents by taking Gaurdian authority for the child with parents consent? Or only Parents of the child can open this account.

[@sameerdeshmukh9470]

Can I keep investing in SSY as NRI if I moved to other country along with daughter?

[@ripaiap]

How much the amount need to be deposited in SSY in a year

[@shivakumarmahadeva5934]

Whether we get tax exemption in "new tax regime" also?

[@soumipaladhi8074]

Very informative video. I have a doubt regarding the interest rate. The interest rate is updated by the government every year. If the interest rate keep on decreasing then will it be beneficial to invest in SSY.

[@arjunr2673]

if we do open account in private bank ,If private banks go bankrupt then what will happen

[@meghanahhalubai1622]

Hi My daughter is 4yrs old, can I open the account now and can I pay the last 4 years balance., so that she receives the amount at the age of 21yrs

[@monikanarwani9588]

In your eg, you said upto 15 yrs money should be deposited 150000!! So that means any amount needs to be deposited for 15 yrs only?

[@kiranmarrapu]

What if either a parent or girl child (or both) becomes NRIs after opening the SSY? Whether they have to close their account? or how do they proceed?

[@girishsoftwaretech]

claim amount will get in parent account or child account ?

[@rakeshkumarghosh7980]

Rachana madam, suppose the girl child moves outside india (with her parents) 10 years after opening of the SSY account and stays outside india. How can she get the money after maturity of SSY? Please give your opinion.

[@CARachanaRanade]

There are various rules for NRI / PIO / OCI people. Banks being the operational authorities, will be able to give you answers to intricate queries. However, it is said that once the status of the girl child becomes NRI, the account is deemed to be closed.

[@nithyashekhar4590]

Why can't I invest in mutual funds with the same pattern as you suggested in SSY? Will i not get the same amount or more at the maturity. What do you suggest?

[@shashigourigouri4965]

If something happens to parents then what about this account.. how can child pay n get back...

[@visitwave]

Medium of instruction Marathi or English or Hindi?

[@smv5520]

Thank you for the Video. I understand that the annual rate of interest is around 8% and it varies annually. However @Rachana could you please let us know the return on investment %. For eg if one invests 150,000 for 15 years and matures by 21 years what will be the return on investment? Should we consider ROI or CAGR? Kindly clarify. Thanks

[@anukrityjain]

My daughter is an NRI now. What is the process of closing the account?

[@hanumantshanubhogar1795]

Thanks for sharing your thoughts on SSY on right time 👍

[@TreatsbyPooja]

If kids not born in india and having abroad’s passports n citizenship..parents having indian citizenship.. In this case can we apply for this yojna??

[@nageshmohite7604]

I have opened ssy account, and add 50k per year from last 5 year ,but can we add Randomly any amount as per our possibilities.

[@avinashavi9369]

Yes u can have any number of deposits in a financial year provided the sum of deposits doesn’t exceed 1.5L

[@CARachanaRanade]

Yes, subject to minimum Rs. 250 and maximum Rs. 1,50,000 per year.

[@krishnapujari1]

My daughter is an us citizen but staying with us in India. Can I open SSI account for her.

[@shyamkumarm1985]

Madam i have opened ssy account in 2016.will the current rate of interest applicable to me for earning interest or the rate which was there at starting?

[@sarojinirajmohan8435]

I have a doubt , what abt nri, will they give same interest , and tax free ???

[@SandeepKumar-yv8jj]

I can see child plans on policybazaar also.. They give more returns..which will be more benifical..

[@CARachanaRanade]

Please do a comparative analysis and whichever plan is more suitable for your specific requirements, you can go ahead with the same.

[@raja-_-]

Hope those are guaranteed returns like the insurance scheme.

[@SandeepKumar-yv8jj]

@@raja-_- No they are market link plans.. Are they safe?

[@mits2710]

Firstly thank you, your videos are really informative. A couple of questions here. 1. Can one continue deposting money after 15 years too, till the age of 21? 2. Like PPF account can be extended for 5 years post maturity of 15 years, is there any extension to SSY account too?

[@neerajwaghmare]

Can we open both PPF and SSY account

[@Searcherpqpqpq]

We are getting more or less same interest rate on fix deposit...

[@Dcabea]

4.4 mil subscribers and in last one year not a single video has a million views. 😂

[@rangsabirthmarakm18]

Because her videos are not for chapris😂... No cringes😎

[@Dcabea]

@@rangsabirthmarakm18 u mean her subscribers are chapris?

[@goforazhar]

If parents got divorced at somepoint in future , lets say after 10 -15 years and Mother got the baby girl with her . How would the govt make sure that at time of maturity the money indeed will be used for her Education or Marriage and Not be taken advantage by any other . Please explain if you could throw some light under such circumstances.

[@CARachanaRanade]

The girl child can operate the account on her own once she turns the age of 18.

[@utube378]

Hello Sir, I created SSY account in HDFC bank. An ECS transfers certain amount every month from my saving account to SSY. Now I want to cancel that ECS so that I can change the amount of investment. But HDFC bank is not cancelling the ECS mentioning some silly reasons. So, how can I cancel? Do you know why they are not cancelling?

[@vaibhavpimpalkar4379]

Just like the Educational expenses proof, what are the proofs that needs to be submitted for the marriage expenses??

[@rizalmel9844]

Hi, I have opened ssy account for my child and invested for 4 yests. Now we are NRI. Just moved onsite for work purpose and planning to stay for 5 years and return back to India. She will be 12 years old at the time of returning to India. So can i continue to invest in ssy? Or should I inform bank and close the ssy account?

[@rameshmudu3377]

Madam good information thanks One small doubt::When to deposit money...that is beginning of FY or Ending of FY.for interest calculation

[@avinashavi9369]

Beginning of the year to get maximum interest possible.

[@CARachanaRanade]

The earlier you deposit, the more interest you get.

[@marathimulgiingermany4297]

I would say investing in mutual fund would bw better than ssy