Post Office: If you are also thinking about safe investment, 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.
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 (SSY). With this scheme, you can not only secure the future of your beloved, 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. So let us know all about it …
What is Sukanya prosperity plan Sukanya Prosperity Plan (SSY) is a savings plan of the central government to the daughters whom Beti Bachao Beti has been launched under the Educate scheme. Sukanya is the best interest rate scheme in small savings scheme.
You will get more than 15 lakhs on maturity- Suppose you invest Rs 3000 every month in this scheme i.e. Rs 36000 per year, you will get Rs 9,11,574 after 14 years at 7.6 per cent compounding annually. 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.
How to open account- Under Sukanya Samriddhi Yojana, the account 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.
How long can the account be operated- After opening the Sukanya Samriddhi Yojana account, it can be run till the girl child turns 21 or after the age of 18 years, she gets married.
Penalty for non-deposit of amount – If minimum amount of Rs.250 is not deposited every year, the account will be closed and revised for that year with a penalty of Rs.50 per annum with the minimum amount required to be deposited can be done. Reactivation can happen after 15 years from the date of account opening.
