Sukanya Samriddhi Scheme: Open an account in the daughter's name under the scheme, she will become a millionaire as soon as she turns 21.
Sukanya Samriddhi Scheme: The Modi government is running many government Sukanya Samriddhi Schemes to empower the daughters of the country. During this time, the government is encouraging the Sukanya Samriddhi Scheme (SSY) for daughters. So that you can save money! Under this scheme, an amount of Rs 10 thousand can be deposited annually. Which will be Rs 4.48 lakh on maturity!
The Sukanya Samriddhi Scheme is being run to invest money in the name of daughters. By investing in this scheme for 15 years, funds can be deposited for daughters' education or marriage. For this, any parent can open an account in the name of their daughter.
This much interest is available in the SSY account
Whereas people investing in the Sukanya Samriddhi Scheme get interest at the rate of 8 percent. To open an account in this scheme, the age of the daughter should be less than 10 years. In which investment can be made continuously for 15 years. At the same time, when the daughter turns 21 years of age, money can be withdrawn from the account. This scheme (SSY) is completely tax-free!
On depositing Rs 1.5 lakh you will get Rs 4.48 lakh.
If your daughter's age is 5 years this year, then you can open an account in Sukanya Samriddhi Yojana and deposit Rs 10,000 annually. In this way, by the time the account matures, you will have deposited a total of Rs 1.5 lakh, and Rs 2 lakh 98 thousand 969 will be added under the interest rate on this amount. In this way, the total amount received at the time of maturity in 2024 will be Rs 4 lakh 48 thousand 969.
Benefits of Sukanya Samriddhi Scheme
Annual investment in SSY is Rs 250. Whereas the maximum investment has been fixed at Rs 1.50. The period of deposit in the SSY scheme is 21 years. At the same time, interest is calculated on the lowest amount on the 5th day of the calendar and at the end of the month. Whereas interest is deposited at the end of every financial year. Under Section 80-C of Income Tax, the amount received on maturity along with the principal amount and interest is tax-free. Transfer can be made from the post office or bank to another account anywhere in the country. Sukanya Samriddhi Scheme: You get interest if you do not close the account even after maturity.