Sukanya Samriddhi Yojana: With the birth of a daughter, parents start worrying about her future. Therefore, he starts saving in his name (Scheme for girls). The Modi government has implemented several schemes for daughters. The government started the Sukanya Samriddhi Yojana (SSY Account), so that parents do not have to worry about the daughter’s education and marriage. In Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana Apply), you can open an account with a minimum of Rs 250. However, the benefit of this scheme will be given only to those whose daughter is not more than 10 years of age.
Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana currently offers interest at the rate of 7.6 per cent. By investing in this scheme, the daughter gets a hefty amount at the age of 21 years. The special thing is that by depositing the maximum in the scheme, an amount of about 64 lakhs can be obtained at maturity, which can be used in the future of the daughter. Being a post office scheme, investment money is also completely safe.
7.6 percent interest rate
Interest is paid @ 7.6% per annum for investing in the post office Sukanya Samriddhi Yojana. The parents of this scheme have to invest only for 14 years. After this, maturity is attained when it is 21 years. After 14 years, interest on closing amount will be 7.6% per annum.
Minimum investment of Rs 250
One can start with a minimum investment of Rs 250 in Sukanya Samriddhi Yojana. You can deposit a maximum of Rs 1.50 lakh in it. To take advantage of this scheme, the girl’s age must be below 10 years. In this scheme, the interest rate is revised quarterly. Under Sukanya Samriddhi Yojana up to 3 daughters accounts can be opened. In this scheme you also get tax exemption under Section 80C of Income Tax Act.
21.21 lakh rupees in 21 years
If you open an account in the daughter’s name at the age of 1 and deposit Rs 50,000 every year, then at the rate of 7.6% interest rate, your daughter will get around Rs 21.21 lakh.
How to open an account?
To open an account under Sukanya Samriddhi Yojana one has to go to the nearest post office. Here daughter’s birth certificate, parents’ Aadhaar card, three photos and at least Rs 250 will have to be submitted. After this your account will be opened.