Launching of ‘Selvamagal Semipu Account’ at Mylapore HPO, Chennai..

Launching of ‘Selvamagal Semipu Account’ at Mylapore HPO, Chennai

           The Government of India (GOI) has recently introduced a new small savings scheme through India Post called ‘Sukanya Samriddhi Account’ for the welfare of girl child. The new Scheme was launched by the Hon’ble Prime Minister of India. 

Mr. Mervin Alexander, Postmaster General, Chennai City Region, launched the Scheme at Mylapore HPO, Chennai on 30.01.2015 and the name of the account is coined as Selvamagal Semipu Account (செல்வமகள் சேமிப்பு கணக்கு).  

The salient features of the scheme are ..!  

v Accounts can be opened in the name of girl children upto the age of 10 (TEN) years through natural or legal guardian.

v Minimum amount for opening of account is Rs.1,000

v Subsequent deposits should be in multiple of Rs.100

v Maximum amount which can be deposited in a financial year is

Rs. 1,50,000

v Deposit may be made till completion of 14 years from the date of opening.

v Rate of interest for the year 2014-15 is 9.1%.

v There is no limit on no. of deposits either in a month or / in a financial year.

v Partial withdrawal upto maximum  50% of the balance standing at the end of the preceding financial year can be taken on the  Account holder attaining the age of 18 years for higher education and  marriage

v Nomination is not allowed.

v Account can be closed after completion of 21 years from the date of opening.

v Facility of payment of interest on monthly basis if opted for.

 

                                To avail the benefits general public may approach the nearest Post office to open Selvamagal Semipu Account.

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