Introduction:

        Sukanya Samriddhi Yojana (SSY) is a small deposit scheme by the Ministry of Finance for a girl child. The Honorable Prime Minister Narendra Modi launched the scheme on 22nd January 2015 with the main motto of the campaign being “Save Daughter Educate Daughter”. The scheme intends to cover the education and marriage expenses of a girl child. You can open the account at any India Post office or authorized commercial bank branch, as well as online.

Summary:

                    Sukanya Samriddhi Yojana (SSY) scheme has some annual period of interest rate. At first, we set the interest rate at 9.1%. We later revised the interest rate to 9.2% in March 2015 for FY2015-16. You can keep the account open for up to 15 years from the date it was opened Currently, the interest rate is 8.2% in the financial year of January to March 2024.

Age limit:

Starting January 1, 2024, the Sukanya Samriddhi Yojana (SSY) account has been revised to an interest rate of 8.2%. Parents or guardians can open an account for a girl child anytime between her birth and when she reaches 10 years of age. Each child is allowed to have only one account. Their parents can open a maximum of two accounts for each of their girl children.

The girl can operated her account after she reached the age of 10. That account allows 50% withdrawn at the age of 18 for higher education purposes. The account achieved maturity status after 21 years from the date of its opening, and the account holder may choose to either continue or close it at her discretion.

Investing amount criteria:

You can transfer a Sukanya Samriddhi Yojana (SSY) account to any location in India. You must deposit a minimum amount of Rs.250 into the account initially. Subsequently, you can deposit any amount in multiples of Rs 100. The maximum deposit limit is Rs. 1,50,000.If the account holder fails to make the minimum deposit of Rs.250 within a year, a fine of Rs.50 will be charged. The opening account will earn only applicable rate of interest only.

Transfer of account:

You can transfer your Sukanya Samriddhi Yojana (SSY) Account anywhere in India, including between post offices and banks. The cost on furnishing of proof to shifting the residence of either the guardian or the account holder to be free. The account holder must pay a fee of one hundred rupees to either the post office or the Bank to which the transfer is being made. The account transfer process must be electronically initiated by the account holder.

Interest calculator:

Sukanya Samriddhi Yojana calculator uses the following formula

A = P (1 + r/n) ^ nt

Where –

A-Compound interest

P-Principal amount

r- Rate of interest

N-Number of times interest compounds in a year

t- Number of years

For example let us consider the investing amount is Rs.1.5lakh per annum for each 15 years. The compound interest rate is 8%. After 21 years the maturity amount is Rs. 65,93,071 lakh to be raised.

TAX DEDUCTION:

Sukanya Samriddhi Yojana (SSY) account is eligible for a tax deduction up to Rs 1.5lakh per year under Section 80C of the Income tax act. The interest you earn on the deposit and the amount withdrawn at maturity are tax-free.

For more Details:

Sukanya Samriddhi Yojana

Public Provident Fund 2024 Details

The post Details of Sukanya Samriddhi Yojana (2024) appeared first on Dividend Screen.

Introduction:

               CL Educate Limited company is leading educational company in India.CL Educate company is also known as Career Launcher. It was founded in 1996 by Mr. SATYA NARAYANAN R. At CL Educate “enable individuals to realize their potential and achieve their dreams”. It has a good dividend track history and has consistently declared dividend in last five years.

Dividend History:        

CL Educate ltd has declared 2 times dividend history since 2019.CL Educate Ltd has declared dividend worth Rs 2.00 in the financial year of 2018 – 2019. CL Educate Ltd current market price is Rs.88.25 (2024) per share. Their dividend percentage is 20%. Company has delivered good profit growth of 32.8%. CL Educate has not declared any dividend for the financial year ending March 2024.

CL Educate Ltd Dividend related ratios:

Last dividend date             :  22/11/2019

Current Dividend Yield      : 1.13%

Annual dividend payment: Rs.1.00

MT EDUCARE LIMITED.

Introduction:

MT Educate Limited is an education support and coaching company and offers secondary and higher education, Pre University and medical entrance. It was founded by Mahesh Shetty in 1988.Zee Learn Ltd has acquired a controlling 44.5% stake of MT Educate a Mumbai based.

Dividend History:

MT Educate Ltd is one of the most popular Technology company in the world with a market capitalization of ₹25.86Cr.Its share price is Rs.3.55 (2024).MT Educate ltd has declared 3 times of dividend worth of Rs.4.05 in the financial year of from 2015 to 2016 .Their total dividend percentage of 40.5%. MT EDUCARE has not paid any dividend to its shareholders in the last 8 years. At now 2024, promoter pledging in MT EDUCARE stands at 50.74%.MT EDUCARE has not declared any dividend for the financial year ending March 2024.

MT Educate Ltd Dividend related ratios:

Last dividend date             :  20/09/2016

Current Dividend Yield      : 56.34%

Annual dividend payment: Rs. 1.40

NIIT

Introduction:

                   NIIT means that National Institute of Information Technology. IT is the global talent development corporation and provide training to individuals. The Company was established in1981 by Rajendra S. Pawar and Vijay K. Thandani  graduates from IIT Delhi.

Dividend History:

NIIT Ltd is most popular technology company and their market capitalization of ₹1,469.51Cr. NIIT Learning Systems Ltd. has declared 3 dividends since 2021.In the past 36 months, NIIT Learning Systems Ltd. has declared an equity dividend amounting Rs.6 during the period of 2021-2023. At the current share price of Rs.110 (2024). NIIT dividend percentage of 300 %. They declared dividend worth Rs.0.50 per share in the last year.

 NIIT Ltd Dividend related ratios:

Last dividend date         : 31/10/2023

Current Dividend Yield: 0.44%

Annual dividend payment: Rs. 0.50

ZEE Learn.

Introduction:

                   Zee learn limited provides education across India through its various ventures. It was incorporated on January 4 2010 in the state of Maharashtra founded by Dr. Subhash Chandra. Mr. Manish Rastogi as the new Chief Executive Officer with effect from  2023. The company’s stated purpose is to improve human capital by providing quality education.

Dividend History:

                   Zee Learn Ltd is a market capitalization of Rs. 210.33Cr. Their share price is Rs.6.65 as till 2024. Zee Learn Ltd has declared dividend of Rs.0.10 per share. Their translating a dividend yield of 1.50%.on March 2019.They did not pay any dividend for the year ended March 2023.The total dividend amount of Rs.0.25 making of their last 3 times dividend  2017-2019 and their dividing percentage is 25%. They should not announced the dividend on 2019-2024.

Zee Learn Ltd Dividend related ratios:

Last dividend date          : 17/05/2019

Current Dividend Yield  : 1.50%

Annual dividend payment: Rs.0.10

For More Information:

Dividend Tv Stocks Analysis in India

Education stocks

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