Suyamagal Scheme

Suyamagal Scheme ( Girl Child Prosperity Account) is a Grama Consumer Cooperative Society backed saving scheme to the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.

FEATURES & BENEFITS :-
A legal Guardian/Natural Guardian can open account in the name of Girl Child.
A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
Also Suyamagal Bond Issuing by Grama Consumer Cooperative Society
Highest Interest Rate among all Small Savings Schemes offered by Grama Consumer Cooperative Society
lock-in period as,the parents cannot withdraw the money for any other purpose except marriage or for higher education of Girl Child.
The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.
imgTERMS & CONDITIONS:-
The minimum investment amount of this scheme is from 500 Rs.
The Parents Cannot Withdraw the money for any other purpose within 5 Years.

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Frequently Asked Questions

Months
  • 60 Months
  • 120 Months
  • 180 Months
Amount
  • RS.500/-
  • RS.500/-
  • RS.500/-
Maturity Value
  • RS.36,982.01/-
  • RS.91,811.03/-
  • RS.1,73,358,40/-

Suyamagal Scheme ( Girl Child Prosperity Account) is a Grama Consumer Cooperative Society backed saving scheme to the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child

 

  • The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.
  • Highest Interest Rate among all Small Savings Schemes offered by Grama Consumer Cooperative Society

No Taxability for this Scheme