India Post on its part offers nine small savings schemes for those investing under small savings schemes.
One of these small savings schemes of the post office is also the Sukanya Samriddhi Yojana. In these post office schemes, you can start your deposit with a very small amount. With this, you also get government security along with better interest rate on your deposits. Apart from this, you also get tax benefits. The post office’s Sukanya Samriddhi Yojana has been specially made for ‘daughters’.
You as a father can also give the gift of Sukanya Samriddhi Yojana to your daughter for her better future. This scheme was started by the government in the year 2014 with the aim of ensuring the bright future of the daughters. Let us know about this scheme of post office.
what is the investment amount
Under the post office’s Sukanya Samriddhi Yojana, any person can start investing with a minimum of Rs 250 per annum. The maximum amount to invest in this scheme is Rs 1.5 lakh per annum. If you start investing under this scheme at an early age of your daughter, then you can invest in it for 15 years.
Who can open account
Under this, an account can be opened in the name of a girl child below the age of 10 years on behalf of her guardian. Only one account can be opened in the name of girl child in post office or any bank in India.
What is interest rate
Under the post office’s Sukanya Samriddhi Yojana, you get the benefit of 7.6 percent annual interest. Interest will be credited to the account at the end of each financial year. The interest earned under this scheme is tax free under the Income Tax Act.
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