Sukanya Samriddhi Yojana: Today i.e. on 11 October, International Girl Child Day is celebrated. On this day, girls are made aware of their rights and empowerment. Sukanya Samriddhi Yojana is being run by the government to provide economic security to girls. Now 8% interest is being given annually on investment in this scheme.
If you also want to provide financial security to your daughter’s future, then you can open Sukanya Samriddhi Account in her name. Through this scheme, you can easily prepare a fund worth lakhs of rupees for your daughter. Today we are telling you about this scheme.
Account can be opened till the girl turns 10 years old
Accounts of daughters can be opened in Sukanya Samriddhi Yojana only from birth till the age of 10 years. This account can be opened for maximum two girls in a family. In case of birth of twins or triplets girl children, more than two accounts can be opened.
Sukanya account can be opened for Rs 250
- Sukanya Samriddhi Yojana is currently offering 8% annual interest.
- A maximum of only Rs 1.5 lakh can be invested in this in a year.
- To open an account in this, it is necessary to provide the worth certificate of the girl child.
Sukanya account can be opened anywhere in bank or post office.
Account will mature after turning 21
After the girl turns 21 or the girl gets married, the account will mature and you will get the entire money along with interest. Up to 50% of the amount can be withdrawn from Sukanya Samriddhi Yojana account after the age of 18 years in case of expenses for higher education of the child. Apart from this, after the daughter turns 18 years old, you can also withdraw money at the time of the girl’s marriage.
Account can be closed even after 5 years
The account can be closed after 5 years from opening. This can also be done in many circumstances, like in case of any dangerous disease or if the account is being closed for any other reason, then it can be allowed, but the interest on it will be given as per the savings account.
Get the benefit of tax exemption
A maximum of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana in the current financial year. Tax exemption under Section 80C of the Income Tax Act can be availed by investing in Sukanya Samriddhi Yojana. Under this, you can get tax exemption on annual investment up to Rs 1.5 lakh.
You can easily create a big fund through this
Currently 8% interest is being given in Sukanya Yojana. We are telling you how much money you will get by investing how much rupees every month.
See here how much fund will be generated by investing every month.
| Investment every month | How much will you get if you invest for 15 years | How much will you get if you invest for 20 years |
| ₹1 thousand | ₹3.44 lakh | ₹5.85 lakh |
| ₹2 thousand | ₹6.88 lakh | ₹11.70 lakh |
| ₹3 thousand | ₹10.33 lakh | ₹17.55 lakh |
| ₹5 thousand | ₹17.22 lakh | ₹29.25 lakh |
| ₹10 thousand | ₹34.44 lakh | ₹58.51 lakh |
| ₹ 12 thousand 500 | ₹43.05 lakh | ₹73.14 lakh |
Note: This calculation is given as a rough estimate. The government reviews the interest received on Sukanya every 3 months.
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