If you are planning to invest, then today we are going to tell you about such a government scheme where you can add a huge amount by investing very little money.
New Delhi. If you are planning to invest, then today we are going to tell you about such a government scheme where you can add a huge amount by investing very little money. The name of this government scheme is Sukanya Samriddhi Yojana ie SSY. With this scheme, you can not only secure your daughter’s future, but by investing money in this great investment option, it also helps you save income tax. The benefit of this scheme can also be availed by saving Re 1 per day
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the central government for daughters, which has been launched under the Beti Bachao Beti Padhao scheme. Sukanya is the best interest rate scheme in small savings scheme.
Can be done with so much money.
In Sukanya Samriddhi Yojana, the account can be opened with just Rs 250. That is, even if you save 1 rupee daily, you can still take advantage of this scheme. At least Rs 250 must be deposited in any one financial year. In any one financial year, no more than Rs 1.5 lakh can be deposited in the SSY account at one time or several times.
How much interest do you get?
At present, interest was being given in SSY (Sukanya Samriddhi Account) at the rate of 7.6 percent which is with income tax exemption. Earlier, interest up to 9.2 percent has also been received in it. After the age of 8 years, up to 50 percent of the amount can be withdrawn in case of expenditure for higher education of the daughter.
Maturity, you will get more than 15 lakhs
Suppose you invest Rs 3000 every month in this scheme i.e. Rs 36000 per year. After 14 years, at 7.6 per cent annual compounding, Rs 9,11,574 will be available. On 21 years ie maturity, this amount will be around Rs 15,22,221. Let us inform that at present interest was being given in SSY at the rate of 7.6 percent which is with income tax exemption.
Learn how to open account?
The account under Sukanya Samriddhi Yojana can be opened in any authorized branch of any post office or commercial branch. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250. In the current financial year, a maximum amount of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana. Explain that after opening the Sukanya Samriddhi Yojana account, it can be run till the girl child attains the age of 21 years or till she gets married after the age of 18 years.
