Sukanya Samriddhi Yojana: This scheme of post office is beneficial for daughters, will get 3 times return on maturity
new Delhi. Sukanya Samriddhi Yojana of the Post Office is very popular for the bright future of girls. This scheme helps in education from daughter to marriage. By investing annually in it, good returns can be achieved. Accounts under Sukanya scheme can be opened in any post office or commercial bank. It is currently getting 7.6 percent interest. The specialty of the scheme is that its maturity is 21 years. Whereas investment has to be made for only 14 years.
Special things related to the scheme
1. You can deposit a maximum of Rs 1.50 lakh annually under the Sukanya Samriddhi Yojana. If you make a monthly deposit then you will have to pay 12500 rupees every month.
2. For applying under the scheme, daughter’s age should be less than 10 years
3. An account can be opened in the name of 2 daughters in a family. If someone has more than 2 daughters, an affidavit will have to be submitted along with the birth certificate to open his account.
4. Investment under this scheme is exempted from tax under Section 80C of Income Tax Act.
5. You can deposit minimum Rs 250 annually in Sukanya Samriddhi Yojana.
6. When the daughter is 18 years old, 50 percent of the amount deposited for her studies or marriage can be withdrawn.
Contact the nearest post office for opening an account under Sukanya Samriddhi Yojana (Sukanya Samriddhi Account). Take the form related to the scheme from here. Now parents should write their own and child’s name in it. Fill in the other important information as well. After filling the form, submit a photocopy of the identity card, address proof, Aadhaar card and daughter’s name, birth certificate etc.
Can get returns up to Rs 63 lakh
Under Sukanya Samriddhi Yojana, if you deposit Rs 1.5 lakh annually for 14 years, then the total investment amount will be Rs 21 lakh. According to 7.6% annual compounding on this, the amount will be Rs 37,98,225 due to interest on it for 14 years. After this, there will be more interest on this amount for the remaining 7 years. In such a situation, after 21 years, on maturity, this amount will be around 63,42,589 rupees.