#1
7th January 2017, 02:29 PM
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Central Bank Of India Sukanya Samriddhi Account
Hi buddy I want to know what is main features of Central bank of india sukanya samriddhi account, as I want to open it for my sister ???
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#2
7th January 2017, 02:53 PM
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Re: Central Bank Of India Sukanya Samriddhi Account
Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. As you asking here I am telling features of Central bank of india sukanya samriddhi account: Innovative Scheme for GIRL CHILD (Beneficiary) of age “0” to “10” to be opened by Guardian Every beneficiary can have Single Account Birth Certificate of beneficiary, identity & residence proof of guardian required Take care of Higher Education & marriage Expenses of Girl Higher Rate of Interest @8.6% compounded yearly. (Changeable as per Notification from GOI) Minimum Contribution Rs.1000/- & maximum 1.50 lakh per anum Contribution up to 1.50 lakh qualifiers for Income Tax Deduction under Section 80C, IT Act Maturity Amount including interest- NOT TAXABLE Period of Deposit-15 years from date of account Maturity Period – 21 years Premature & Partial withdrawal allowed under certain conditions Account is transferrable from one Branch / Bank / Post Office to other Available through 760 Authorized Branches of thier Bank Bank profile Type Public company BSE & NSE:CENTRALBK Industry Financial Commercial banks Founded 21 December 1911; 104 years ago Headquarters Mumbai, Maharashtra, India Key people Shri. Rajeev Rishi, Chairman & Managing Director Revenue 283,030 million (US$4.2 billion) (2014-15) Number of employees 42000(approx) |