Suyamagan Scheme

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

FEATURES & BENEFITS :-
A legal Guardian/Natural Guardian can open account in the name of boy Child.
A guardian can open only one account in the name of one boy child and maximum two accounts in the name of two different Boy children.
Also Suyamagan 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 Boy Child.
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TERMS & 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.36,445.79/-
  • RS.89,290.29/-
  • RS.1,65,912,07/-

Suyamagan Scheme ( Boy Child Prosperity Account) is a Grama Consumer Cooperative Society backed saving scheme to the parents of boy children. The scheme encourages parents to build a fund for the future education and marriage expenses for their male 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