SUKANYA SAMRIDDHI SCHEME FACTS ONE MUST KNOW

Sukanya Samriddhi Account meaning Girl Child Prosperity Scheme is a special deposit scheme launched by Prime Minister Narendra Modi on 22 January 2015 for girl child.

Who Can Open and Age Limit:

Under this scheme a saving account can be opened by the parent or legal guardian of a girl child of less than 10 years of age (born on or after: 02-December-2003; For FY 2014-15) with a minimum deposit of 1,000/- in any post office or authorised branches of commercial bank.One can’t open SSA account for his/her sisters or brothers daughter’s account. In case you want to open this account for your sister in absentee of your father in your family you can open.
Govt is providing a grace period of 1 year till December 2015. Any girl child born between 2 December 2003 and 1 December 2004 can open account up to till 1 December 2015.

Documents Needed:

  1. Birth documents of girl child(Birth certificate)
  2. Address proof
  3. Identity proof

Interest Rate:

  • Under the scheme, an interest of 9.1 per cent is provided on deposited amount which is tax free.

    Duration:

    • The account will remain operative for 21 years from the date of opening of the account or till marriage of the girl child.

      Deposit Term:

      • One can deposit in SSA upto 14 years from the opening of account after that no deposits are allowed but will get the compounded interest till maturity.

        Pre-Mature Withdrawl:

        • Partial withdrawal up to 50 per cent of the account balance is allowed, only once after the girl child completes age of 18 years, for the purpose of financing her higher education.

          Maturity:

          • Though the duration of the Sukanya Samriddhi account is 21 years from the date of the opening of the account except for the case when the marriage of the account holder (girl child) takes place before the completion of those 21 years, then the account has to be closed. 

          Number of Accounts:

          • Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In the event of birth of twin girls in 2nd birth or birth of 3 girl child’s in 1st birth itself, this facility will be extended to third child

          Penalty:

          • In case you forget to deposit the minimum amount of rs 1000 in your Sukanya Samriddhi Account then your account will be discontinued. But nothing to worry, you can pay a penalty of Rs 50 only and again activate the account. The account will continue from where it has stopped operating.

          Other Features:

          1. Minimum deposit amount for this account is 1,000/- and maximum is 1,50,000/- per year.
          2. Money to be deposited for 14 years in this account.
          3. Interest rate for this account is 9.1% per annum, calculated on yearly basis ,Yearly compounded.
          4. Interest rate is tied to 10 year Government of India Bond Yield, and will be 75 basis point higher than the respective year’s bond yield.
          5. Passbook facility is available with Sukanya Samriddhi account.
          6. From FY 2015-16 the interest earned on account will be tax exempted. As per Finance Bill 2015-16.
          7. Enjoy interest from 14 – 21 years without deposit
          8. After budget 2015, Sukanya Samriddhi Account has been income tax exempted 100%
          9. So far there is no scope for NRIs (Non Resident Indian) to open SSY account. Govt has to clear about this in future notifications.


          MARCH 29, 2015 COMPLETE REFERENCE TO CURRENT AFFAIRS

          Sports:

          1. ICC Chairman N. Srinivasan said that ICC will invest 300 M$ for developing cricket in associate nations.

          National:

          1. Navy proposed to decommissioned its aircraft carrier INS Viraat next year.
          2. FCI officials said that the delivery of the second transshipped consignment of rice to Tripura through Ashuganj river port in Bangladesh will be start from Tuesday.
          3. Karnataka is getting ready to host 19th Federation Cup or National Senior Atheletic Championship. Karnataka is hosting this championship for the first time.

          International:

          1. After top European powers Germany, France and Britain announced to join AIIB, now Russia, Australia and Netherlands announced its decision to join China led AIIB. Analyst point out that the One Belt One Road initiative of China once implemented , more than 4.4 billion people or 63% of global population countries are expected to benefit and also expected to accelerate the shift of geo-economic power away from US, towards Eurasia.
          2. 9th edition of Earth Hour was observed today and is organised by World Wide Fund for Nature. It was observed on last Saturday in March.

          Emerging Terms and News:

          1. Israel President- Reuven Rivlin.
          2. Asian Athletic Championship- Wuhan, China.
          3. World Athletic Championship- Beijing, China.

          CIVIL AWARDS CEREMONY- BHARAT RATNA AND COMPLETE LIST OF PADMA AWARDS 2015

          Today President conferred Bharat Ratna to kin of Ganesh Vashudev Mavalankar. 
          Today the President of India at ceremonial functions which is held at Rashtrapati Bhawan. This year the President of India has approved conferment of Padma Awards to 104 persons as per the list below. The list comprises of 9 Padma Vibhushan, 20 Padma Bhushan and 75 Padma Shri Awardees. 17 of the awardees are women and the list also includes 17 persons from the category of foreigners, NRIs, PIOs and 4 Posthumous awardees

          Padma Vibhusan:

          1. LK Advani- Public Affairs- Gujarat
          2. Amitabh Bachchan- Art- Maharashtra
          3. Prakash Singh Badal- Public Affairs- Punjab
          4. Dr D Veerendra Heggade- Social Work- Karnataka
          5. Mohammad Yusuf Khan alias Dilip Kumar- Art- Maharashtra
          6. Jagadguru Ramanandacharya Swami Rambhadracharya- Others- Uttar Pradesh
          7. Prof Malur Ramaswamy Srinivasan- Science and Engineering- Tamil Nadu
          8. Kottayan K. Venugopal- Public Affairs- Delhi
          9. Karim Al Hussaini Aga Khan (Foreigner)- Trade and Industry- France/UK

          Padma Bhushan:

          1 Jahnu Barua- Art- Assam
          2 Dr Vijay Bhatkar- Science and Engineering- Maharashtra
          3 Shri Swapan Dasgupta- Literature and Education- Delhi
          4 Swami Satyamitranand Giri- Others- Uttar Pradesh
          5 N Gopalaswami- Civil Service- Tamil Nadu
          6 Dr Subhash C Kashyap- Public Affairs- Delhi
          7 Dr (Pandit) Gokulotsavji Maharaj- Art- Madhya Pradesh
          8 Dr Ambrish Mithal- Medicine – Delhi
          9 Sudha Ragunathan- Art- Tamil Nadu
          10 Shri Harish Salve- Public Affairs- Delhi
          11 Dr Ashok Seth- Medicine- Delhi
          12 Rajat Sharma- Literature and Education- Delhi
          13 Satpal- Sports- Delhi
          14 Shivakumara Swami- Others- Karnataka
          15 Dr Kharag Singh Valdiya- Science and Engineering- Karnataka
          16 Prof Manjul Bhargava (NRI/PIO)- Science and Engineering- USA
          17 David Frawley (Vamadeva) (Foreigner)- Others- USA
          18 Bill Gates (Foreigner)- Social Work- USA
          19 Melinda Gates (Foreigner)- Social Work- USA
          20 Saichiro Misumi (Foreigner)- Others- Japan

          Padma Shri:

          1 Dr Manjula Anagani- Medicine- Telangana
          2 S Arunan- Science and Engineering- Karnataka
          3 Kanyakumari Avasarala- Art- Tamil Nadu
          4 Dr Bettina Sharada Baumer- Literature and Education- Jammu and Kashmir
          5 Naresh Bedi- Art- Delhi
          6 Ashok Bhagat- Social Work- Jharkhand
          7 Sanjay Leela Bhansali- Art- Maharashtra
          8 Dr Lakshmi Nandan Bora- Literature and Education- Assam
          9 Dr Gyan Chaturvedi- Literature and Education- Madhya Pradesh
          10 Prof (Dr) Yogesh Kumar Chawla- Medicine- Chandigarh
          11 Jayakumari Chikkala- Medicine- Delhi
          12 Bibek Debroy- Literature and Education- Delhi
          13 Dr Sarungbam Bimola Kumari Devi- Medicine- Manipur
          14 Dr Ashok Gulati- Public Affairs- Delhi
          15 Dr Randeep Guleria- Medicine- Delhi
          16 Dr KP Haridas- Medicine- Kerala
          17 Rahul Jain- Art- Delhi
          18 Ravindra Jain- Art- Maharashtra
          19 Dr Sunil Jogi- Literature and Education- Delhi
          20 Prasoon Joshi- Art- Maharashtra
          21 Dr Prafulla Kar- Art- Odisha
          22 Saba Anjum- Sports- Chhattisgarh
          23 Ushakiran Khan- Literature and Education- Bihar
          24 Dr Rajesh Kotecha- Medicine- Rajasthan
          25 Prof Alka Kriplani- Medicine Delhi
          26 Dr Harsh Kumar- Medicine- Delhi
          27 Narayana Purushothama Mallaya- Literature & Education- Kerala
          28 Lambert Mascarenhas- Literature and Education- Goa
          29 Dr Janak Palta McGilligan- Social Work- Madhya Pradesh
          30 Veerendra Raj Mehta- Social Work- Delhi
          31 Tarak Mehta- Art- Gujarat
          32 Neil Herbert Nongkynrih (Art), Meghalaya
          33 Chewang Norphel- Others- Jammu and Kashmir
          34 TV Mohandas Pai- Trade and Industry- Karnataka
          35 Dr Tejas Patel- Medicine- Gujarat
          36 Jadav Molai Peyang- Others- Assam
          37 Bimla Poddar- Others- Uttar Pradesh
          38 Dr N Prabhakar- Science and Engg- Delhi
          39 Dr Prahalada- Science and Engg- Maharashtra
          40 Dr Narendra Prasad- Medicine- Bihar
          41 Ram Bahadur Rai- Literature and Education- Delhi
          42 Mithali Raj- Sports- Telangana
          43 PV Rajaraman- Civil Service- Tamil Nadu
          44 Prof JS Rajput- Literature and Education- Uttar Pradesh
          45 Kota Srinivasa Rao- Art- Andhra Pradesh
          46 Prof Bimal Roy- Literature and Education- West Bengal
          47 Shekhar Sen- Art- Maharashtra
          48- Gunvant Shah- Literature and Education- Gujarat
          49 Brahmdev Sharma- Literature and Education- Delhi
          50 Manu Sharma- Literature and Education- Uttar Pradesh
          51 Prof Yog Raj Sharma- Medicine- Delhi
          52 Vasant Shastri- Science and Engg- Karnataka
          53 SK Shivkumar- Science and Engg- Karnataka
          54 PV Sindhu- Sports- Telangana
          55 Sardara Singh- Sports- Haryana
          56 Arunima Sinha-Sports- Uttar Pradesh
          57 Mahesh Raj Soni- Art- Rajasthan
          58 Dr Nikhil Tandon- Medicine- Delhi
          59 H Thegtse Rinpoche- Social Work- Arunachal Pradesh
          60 Dr Hargovind Laxmishanker Trivedi- Medicine- Gujarat
          61 Huang Baosheng- Others- China
          62 Prof Jacques Blamont- Science and Engg- France
          63 Late Syedna Mohammad Burhanuddin– Others- Maharashtra (Posthumous)
          64 Jean-Claude Carriere– Literature and Education – France
          65 Dr Nandrajan ‘Raj’ Chetty- Literature and Education- France
          66 George L Hart- Others- USA
          67 Jagat Guru Amrta Suryananda Maha Raja– Others- Portugal
          68 Late Meetha Lal Mehta- Social Work- Rajasthan (Posthumous)
          69 Tripti Mukherjee– Art- USA
          70 Dr Dattatreyudu Nori– Medicine- USA
          71 Dr Raghu Rama Pillarisetti (Medicine), USA
          72 Dr Saumitra Rawat– Medicine- UK
          73 Prof Annette Schmiedchen (Literature and Education), Germany
          74 Late Pran Kumar Sharma alias Pran- Art- Delhi (Posthumous)
          75 Late R Vasudevan- Civil Service- Tamil Nadu (Posthumous)

          MARCH 28, 2015 COMPLETE REFERENCE TO CURRENT AFFAIRS

          Sports:

          1. Michael Clarke current Australian captain will retire from thr ODI at the end of World Cup 2015.
          2. Saina Nehwal became the first Indian women shuttler to be world number one by defeating Yui Hashimotu of Japan in semi finals of India Open.
            She became the world no. 2 in December 2010.
            Saina is also lone Indian badminton player to have won an Olympic medal when she won bronze medal at 2012 Olympics.

          Business:

          1. Asian Development Bank sanction 300 M$ out of 500 M$ loan under SCRIP (SASEC Road Connectivity Investment Program) for road construction of 500 KM in the North Bengal North East (NBNE) region.

            SASEC– South Asia Sub regional Economic Cooperation.

          National:

          1. Defence Acquisition Council (DAC) cleared the procurement of 30 Weapon Locating Radars from BEL for Rs. 1605 crore.
          2. Union Government announced the removal of Aziz Qureshi as Governor of Mizoram.
          3. Karnatka’s Cabinet approved development of 3855.23 KM of rural roads at an estimated cost of Rs. 2676.57 crore under the Namma Grama Namma Rasthe program.
          4. ISRO launched its fourth regional navigational satellite IRNSS 1-D by ISRO’s PSLV C-27 vehicle.
          5. Delhi became the first state to launch E- ration card services.
          6. First goods train from Lumding to Silchar in Assam flagged of f. Project completed at a cost of Rs. 3500 crore. This line will provide connectivity to Barak Valley of Assam with rest of the country.
          7. Rajasthan became the first state in the country to fix a minimum educational qualification for contesting election to the Panchayati Raj institutions.
          8. Number of One-horned Rhinos in Assam’s Kajiranga national park has increased to over 2400.
          9. For CM of Mizoram Brig Thenphonga Sailo passed away.

          Awards:

          1. Abel Prize 2015 has been won by Nobel Laureate John F Nash Jr. and Louis Nirenberg. They both will share the prize money of 76,000 USD.

            Able Prize is popularly known as Nobel prize in Mathematics and was instituted in 2001, presented annually by King of Norway. This prize named after Norwegian mathematician Niels Henrik Abel.

          2. India- America  biology professor Murty S Kambhampati has been chossen for prestigious US presidential award for excellence in the field of Science, Mathematics and Engineering mentoring.

          Books Review:

          1. At Home In India-The Muslim Saga– by Salman Khurshid.
          2. Creating A New Medina– Venkat Dhulipala.
          3. Food For All– Uma Lee.

          Emerging Terms and News:

          1. The president of Asian Tennis Federation (ATF) Anil Khanna will contest for the post of the president of International Tennis Federation.
          2. LPSC– Liquid Propulsion System Centre, Kerala.
          3. ISROChairman– A.S. Kiran Kumar.
          4. AWACS– Airborne Warning And Control System.

          WINNER LIST OF INDIA SUPER SERIES BADMINTON 2015

          The India Super Series 2015 was held from 24th March to 29th March 2015 at Siri Fort Sports Complex, New Delhi, India. India’s top shuttlers Srikanth Kidambi and Saina Nehwal have won both Men’s Singles and Women’s Singles titles in this tournament respectively. Here is the complete winners list of this tournament. 

          Complete Winners List of India Super Series:
          • Men’s Singles : Kidambi Srikanth (India) by defeating Viktor Axelsen (Denmark)
          • Women’s Singles : Saina Nehwal (India) by defeating Ratchanok Intanon (Thailand) 
          • Men’s Doubles : Chai Biao (China) and Hong Wei (China) by defeating Conrad-Petersen Mads (Denmark) and Pieler Kolding Mads (Denmark) 
          • Woman’s Doubles : Misaki Matsutomo (Japan) and Ayaka Takahashi (Japan) by defeating Luo Ying (China) and LUo Yu (China) 
          • Mixed Doubles : Liu Cheng (China) and Bao Yixin (China) by defeating Joachim Fischer Nielsen (Denmark) and Christinna Pedersen (Denmark)

            HOW TO BECOME A BANK EXAM CRACKER- FEW RULES TO FOLLOW

            As some people are thinking, cracking Bank exam is not a Difficult task. You don’t need to attain any supernatural powers for this. All that you need are one table spoon hard-work, one table spoon good material and two table spoons practice. Thats it!!! These ingredients are enough to make your life DELICIOUS. We are ready here with good material. Its up to you to add the remaining tablespoons and make it delicious. If you are EXPECTING some tips, then here they are 

            1. Make a Time Table and STRICTLY follow that. 
            2. Refer to all the topics in your syllabus and find out which topics are easier and less time taking while solving. Make a list of them, easiest to toughest. Try to solve the easiest first. This will help you to increase your confidence. But dont waste much time on them. 
            3. Try to cover all topics, Dont go for IMPORTANT ones. As we all know, there are NO important parts in competitive exams. All topics have equal importance. 
            4. The purpose of Practice and Previous papers is to help you while practicing only. Dont prepare according to them. 
            5. Believe God, but no BLIND beliefs. I mean, God will help you to GET a good rank, if you work hard and perform well. But he dont write your Exam. What i mean to say is “Karmanye vadhikaraste, ma Phaleshu kadhachana” (Focus on your work, I will take care of the Outcome – Bhagavadgita). No God told you that “Focus on me , i will do your work”. God is God, dont make him your servant. 
            6. Stop BLIND GUESSING in exam hall. Because one negative mark can change your LIFE!!! 
            Ok, thats all for now friends. I’ll Update this post if i get any new Ideas 🙂 All The Best

            MARCH 27, 2015 COMPLETE REFERENCE TO CURRENT AFFAIRS

            Sports:

            1. Indian women hockey team will have its new coach Anthony Mark Thorton, who was selected to replace Neil Hawgood.

            Business:

            1. Natural gas price on Gross Calorific Value will be slashed by 9% to 4.56 $ per mmBtu from April 1 to reflect the softening in International price.
            2. RBI revised regulation for NBFCs lender by directing them to get themselves rated by March 16.
              Those who do not get a minimum investment grade ratings should not accept fresh deposit or renew older ones.
              RBI also tweaked rules in respect of Net Own Funds and pegged the mandatory requirement at Rs. 2 crore for all NBFCs and has given time till April 2017 to comply.
            3. BSE has decided to delist Ranbaxy from its indices from April 6.

            National:

            1. Former Pm Atal Bihari Vaypayee conferred highest civilian award Bharat Ratna.
            2. UK opened a visa centre in Gurgaon for the NCR region. With this opining , the UK will have 13 visa application centre across India more than any other country.
            3. ISRo will launch the IRNSS 1D, fourth navigational satellite through PSLV C-27 vehicle, with the functining of IRNSS 1D in orbit, India will have independent regional navigation satellite system.
            4. Abhay K, India’s first secretary in Kathmandu, has been appointed as the Director of Nehru Cener in London.
              He will take over the current director Sangeeta Bahadur. He was also nominated for the Pushcart Prize 2013.
              His latest book of poetry is The Seduction of Delhi.
            5. ISRO has been selected for the Gandhi Peace Prize 2014 for its contribution to the country’s development through space technology. This award was instituted in 1995 and carries 1 crore cash prize.
            6. Union Finance Minstry appointed KM Mani as chairman of the empowered committee of State Finance Minister on GST.
            7. PM inaugurated “Urja Sangam 2015“, event marked the celeberaation of 50 years of operation of ONGC Videsh Ltd, EIL and Barauni Refinery of IOC.
            8. Narendra Modi ranked 5th and Kailash Satyarthi ranked 28th in the 50 greatest leader in the world by Forutune Magazine. List has been topped by Apple CEO Tim Cook.

            International:

            1. US economy grew only 2.2% in fourth quarter.
            2. NASA’s Opportunity Rover on Mars became the first human made vehicle that has completed 11 years in space.

            Emerging Terms and News:

            1. International Atomic Energy Association- Director General- Yukiya Amano.
            2. NPP– Nuclear Power Plant.
            3. Chairman of Atomic Energy Regulatory Board- SS Bajaj.
            4. DRS– Debt Redemption Scheme.
            5. TP Garg committee was working on 1984 Sikh riots.