PM Narendra Modi launched the SSY Scheme for daughters in the year 2015. In this, an account can be opened for a daughter up to 10 years of age and the government gives a great interest of 8.2 percent on investment.
SSY Calculator: Everyone saves something from their earnings, some of them for retirement, some for their children’s education, daughter’s marriage, they want to invest this savings in such a place. Where his money is safe and at the same time the return on it is also great. Many great schemes are being run by the central government for every age and class. One of these special schemes is especially for daughters. Yes, we are talking about Sukanya Samriddhi Yojana, which can eliminate the tension of money from daughter’s education to marriage. It is getting more than 8 percent interest.
8.2% interest is being given on SSY scheme
Sukanya Samriddhi Yojana is quite popular in terms of securing the future of daughters and the reason for this is the interest received in the scheme. For the January-March 2024 quarter, a great interest of 8.2 percent is being given on this scheme. The interest rates of government schemes are revised every three months. However, on Friday, the government has decided to keep these rates stable. That is, the interest rate on Sukanya Samridhi Scheme is also stable at 8.2 percent at present. Sukanya Samridhi Yojna is a long term investment plan, which makes your daughter a millionaire.
This is how the daughter will get Rs 69,00,000
If we look at the calculation of Sukanya Samriddhi Yojana, then according to a calculation, if you open an SSY account in the name of your daughter at the age of 5 years and invest Rs 1.5 lakh every year in it, then when the daughter turns 21, she will have more than Rs 69 lakh in her hand. It can also be understood like this that the maximum investment amount fixed under the scheme or Rs 1.5 lakh will have to be deposited for 15 years. According to this, the amount invested by you will be Rs 22,50,000. Now if we look at the interest rate of 8.2 percent on this, then it will be Rs 46,77,578 in this period. According to this, when the daughter turns 21, she will get a total of Rs 69,27,578.
Started in 2015, benefit of tax exemption
The government led by Prime Minister Narendra Modi launched this scheme in the year 2015 with the aim of securing the future of daughters. In this scheme, investment can be started with just Rs 250 and maximum investment of up to Rs 1.5 lakh can be made. The special thing about the scheme is that you do not have to deposit money for the entire 21 years, you have to deposit money only for 15 years from opening the account. In this government scheme, not only does one get great interest, but also the benefit of tax exemption of up to Rs 1.5 lakh is available under Section 80C of Income Tax.
Who can open this account?
To invest in Sukanya Samriddhi Scheme, it is necessary to be an Indian resident and the parents or legal guardians of the girl child. You can invest in Sukanya Samriddhi Yojana for a girl child up to 10 years of age. You can open an SSY account from the birth of your daughter till she attains the age of 10 years. In this scheme, you can open an account for a maximum of 2 girls. If you have twin daughters, then an SSY account can be opened for three of them.
You can withdraw money before maturity
The maturity period of SSY Scheme is 21 years. That is, the entire amount can be withdrawn only after this period, but after the girl turns 18 years old, the amount can be withdrawn from this account for studies even before that. Only 50 percent of the balance deposited in the account can be withdrawn for education also. For this, you will have to provide documents related to the daughter’s education as proof. You can also take the money in installments or lump sum, but you will get it only once a year and you can withdraw money in installments for five years.
If you want to withdraw money for the daughter’s marriage, then only 50 percent of the total amount deposited in the account can be withdrawn. Money can be withdrawn from one month before the marriage to three months after it. But the entire money will be available only after the daughter turns 21 years old.
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