Open SSY account for just Rs 250, 64 lakh rupees will be available after 21 years, know the complete scheme
Sukanya Samriddhi Yojana: If you want to earn big profits by investing small amount (Best Investment Plans), then you can invest in Central Government’s Sukanya Samriddhi Yojana (SSY Account). The special thing is that in this scheme you will get interest at the rate of 7.6 per cent per annum. By investing 14 years in this scheme, a hefty amount of money is prepared by the age of 21 years, which can be used in the future of the daughter. An amount of about 64 lakh can be obtained at maturity by depositing maximum in the scheme.
7.6 percent interest (interest rate in SSY account 2020)
Sukanya Samriddhi Yojana gets an annual interest rate of 7.6% on the investment. 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, the interest on the closing amount will be 7.6% per annum.
How much investment will have to be made?
Under Sukanya Samriddhi Yojana, you can deposit minimum Rs 250 and maximum Rs 1.50 lakh. To take advantage of this scheme, the girl’s age must be below 10 years. In this scheme, the interest rate is revised quarterly.
Benefit of tax exemption
Under Sukanya Samriddhi Yojana, tax exemption is given under Section 80C of the Investment Income Tax Act. If the daughter turns 18 and needs money for studies or her marriage, then you can withdraw up to 50 percent of the deposit amount.
How to open an account?
In this scheme, one has to visit the nearest post office to open an account. Here the daughter’s birth certificate, parents’ Aadhaar card, three photographs and at least Rs 250 will have to be submitted. After this your account will be opened.