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toponlinemoneytips · 1 year
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What is Google?
Google is a search engine that allows users to search for information on the internet. It was founded in 1998 by Larry Page and Sergey Brin while they were studying at Stanford University. The company has since grown to become one of the world's largest technology companies, offering a wide range of products and services including email, online storage, productivity tools, advertising, and mobile operating systems.
Google's search engine uses complex algorithms to analyze and rank web pages, making it easier for users to find the information they are looking for. The company also collects and analyzes vast amounts of user data to improve the relevance and accuracy of its search results, as well as to target advertising to specific demographics. In addition to its core search business, Google has also invested heavily in technologies such as artificial intelligence, machine learning, and cloud computing.
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toponlinemoneytips · 1 year
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Sukanya Samriddhi Yojana 2023 Benefits & Interest Rates
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Sukanya Samriddhi Yojana (SSY) is a savings scheme launched by the Government of India in 2015 as part of the "Beti Bachao Beti Padhao" campaign. The scheme is designed to encourage parents to save for the future education and marriage expenses of their girl child.
Here are some of the benefits and interest rates associated with Sukanya Samriddhi Yojana:
High Interest Rates: The current interest rate for Sukanya Samriddhi Yojana is 7.6% per annum (as of January 2022), which is higher than most other government-backed savings schemes.
Tax Benefits: Contributions to Sukanya Samriddhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The interest earned and the final maturity amount are also tax-free.
Flexible Investment Options: Parents or guardians can open an SSY account for their girl child with a minimum initial deposit of Rs. 250. They can make contributions in multiples of Rs. 100, up to a maximum of Rs. 1.5 lakh per annum. The account can be opened until the girl child attains the age of 10 years.
Long Maturity Period: The maturity period for Sukanya Samriddhi Yojana is 21 years from the date of opening the account. This makes it an ideal savings scheme for long-term financial planning.
Partial Withdrawals Allowed: Partial withdrawals of up to 50% of the balance in the account are allowed once the girl child attains the age of 18 years, for the purpose of higher education or marriage.
Account Transferable: In case of a change in residence of the account holder, the account can be transferred anywhere in India.
Overall, Sukanya Samriddhi Yojana is a great savings scheme for parents who want to secure their daughter's future education and marriage expenses. It offers high interest rates, tax benefits, and flexible investment options, making it a popular choice among investors.
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