After the birth of a daughter in the house, the parents start worrying about her marriage and education. Therefore, parents start saving long in advance considering the marriage and education of the daughter. It is worth noting that given the rapid pace of inflation today, it is not wise to keep savings money in the bank. But dont worry, You should invest your savings in a good place. In this episode, today we are going to tell you about the Sukanya Samriddhi Yojana of the Central Government.
This scheme was started by the Government of India in the year 2015. This scheme has been operated especially to secure the future of daughters in the country. In this episode, let us know in detail about this scheme.
Sukanya Samriddhi Scheme
Sukanya Samriddhi Scheme is a small savings scheme. Parents invest in it in the name of their daughters. In this scheme, you can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. You get an interest rate of 8.2 percent on investing in Sukanya Samriddhi Yojana. In this scheme, you can open your daughter’s account before she turns ten years old. In this scheme, you have to invest in it for 15 years after opening the account of the daughter.
Sukanya Samriddhi Yojana account matures after 21 years of opening the account. The special feature of Sukanya Samriddhi Yojana is that you also get income tax exemption on investing in it. In Sukanya Samriddhi Yojana, you can open your account by visiting the nearest post office. Apart from this, you can also open an account in this scheme by visiting the commercial bank branch.
How to get 71 lakh rupees?
You can deposit 1.5 lakh rupees annually for 15 years under this scheme, on which you will be given maximum benefit. There will be an opportunity to earn maximum interest in SSA only if you deposit this amount in the account before the 5th of April in every financial year. On depositing this amount for 15 years, the total deposit will be ₹ 22,50,000. At the same time, you will get Rs 71,82,119 on maturity. The total amount received from interest in this will be Rs 49,32,119. This amount received on maturity will be completely tax free.
