https://www.taxtmi.com/notifications?id=118928 Establishes Sukanya Samriddhi Account rules setting eligibility for guardian-opened accounts for eligible girl child beneficiaries, documentation and familial limits; prescribes permitted deposit modes, minimum and annual deposit requirements, annual ceiling with non interest treatment for excess, and penalties for default; mandates yearly compounded interest at Government-notified rates with monthly calculation on lowest balance, operation by guardian until specified ages and transition to beneficiary control, rules for partial withdrawals for higher education on evidence, conditions for premature closure and transfer, and final maturity and payment procedures, with Government power to relax provisions. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 28 Mar 2016 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118928 Establishes Sukanya Samriddhi Account rules setting eligibility for guardian-opened accounts for eligible girl child beneficiaries, documentation and familial limits; prescribes permitted deposit modes, minimum and annual deposit requirements, annual ceiling with non interest treatment for excess, and penalties for default; mandates yearly compounded interest at Government-notified rates with monthly calculation on lowest balance, operation by guardian until specified ages and transition to beneficiary control, rules for partial withdrawals for higher education on evidence, conditions for premature closure and transfer, and final maturity and payment procedures, with Government power to relax provisions. Notifications Indian Laws Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118928