Selvamagal Semippu Thittam Scheme is the name given to Sukanya Samriddhi Yojana in Tamil Nadu, the scheme details are exactly the same as SSA and it works for the benefit of girl child.
Selvamagal Semippu Thittam is the same as Sukanya Samriddhi Yojana (another name as used in Tamil Nadu). A small savings scheme to encourage people to save and invest their surplus money to earn adequate returns.
What do you think about this savings scheme? Any feedback on it.
I got blessed with a baby girl recently and I am looking to start a savings plan for my girl child. I came to know about Selvamagal Semippu Thittam scheme from a post office and it seemed same like Sukanya Samriddhi Yojana. Is that true ? Is Selvamagal Semippu Thittam same as Sukanya Samriddhi Yojana ? Also can I invest into the scheme through post office like SSA ? Are the details like interest, lock-in period etc. same for SSA ? Can someone help me with this information ?
The Government of India has been on the forefront of giving schemes for the Girl Child in India. Are there any post office saving schemes for the boy child in India? I was looking at Ponmagan Podhuvaippu Nidhi Scheme but it seems that the scheme is available only in Tamil Nadu Post Office.
Government investment schemes are aimed to provide a reliable and safe way of investment with nominal returns. Grab list of best government schemes in India. There are many government schemes that you can invest in. However, the best amongst them are PPF, NPS, and SSY.
The various schemes that can be used for saving up on taxes are all the plans listed under Section 80C of our income tax slabs. The deduction can be placed for medical insurance claims, education loan interest, house loans, and so on.
There are several investment plans such as FD, Post office Monthly Savings Scheme, Government Bonds, Mutual Fund Monthly Income Plans. These can provide you with a very good monthly income.
We all look to earn good returns on the money we invest. Putting money in High return investments is one way of generating better income. The different places to get good returns are mutual funds, equity, and gold investment in India.
Public Provident Fund Scheme is a saving scheme that comes with tax benefits. Ministry of Finance introduced this scheme in the year 1968. The main objective of PPF is to encourage general people to mobilize their small savings. The interest offered on these schemes are not taxable. Precisely, PPF is an investment with non-taxable returns.
Several monthly income plans available such as senior citizen fixed deposit, senior citizen savings scheme, post office monthly income scheme, tax-free bonds, debt funds, and many more are the best monthly income place for senior citizens in India.
ELSS or Equity Linked Savings Scheme is a type of tax-saving investment instrument. It provides returns, similar to equity funds and offers a tax reduction under Section 80C. If you invest in a SIP method, every contribution towards the scheme will be considered as a separate investment and will incur a 3 year lock-in period.
There are several investing choices accessible for Indian students that might assist them in beginning their future savings. There are several options for students to build their money and make financial plans, including standard savings accounts, term deposits, and mutual funds.
NFO in Zerodha is the abbreviation of "New Fund Offer". It refers to the introductory offer of a scheme by an AMC (Asset management company). An NFO is raised when a fund is launched and this will help the firm to raise capital for purchasing securities.
mehakpals
Yes, Selvamagal Semippu Thittam scheme is the name given to Sukanya Samriddhi Yojana in Tamil Nadu, the scheme details are exactly the same as SSA and it works for the benefit of girl child.