The maturity of Sukanya Samriddhi Yojana is in 21 years. However, parents have to invest in this only for 15 years. For the next six years, the amount of interest keeps on adding to it.
Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana has been started by the central government to make daughters self-reliant. This scheme has been brought by the government under Beti Bachao, Beti Padhao campaign. Investment in it is completely safe. At the same time, on investing in it, on maturity, the investor will get three times more amount than his investment. The amount of interest received in this by the post office has been increased to eight percent. The maturity of Sukanya Samriddhi Yojana is in 21 years. However, parents have to invest in this only for 15 years. For the next six years, the amount of interest keeps on adding to it.
How to check account balance of Sukanya Samriddhi Yojana
To check account balance of Sukanya Samriddhi Yojana, first of all, visit the official website of Sukanya Samriddhi Yojana https://www.sukanyasamriddhiaccount.com/. Here log in with the appropriate ID and password you have received while opening the Sukanya Samriddhi Yojana account. After logging in, your account balance will be shown on your account detail page. Here you will get information about the deposit amount, loan amount and total balance available in the account. Your transaction history will also be displayed along with your account balance. Here you can see how many times you have made deposits or withdrawals and how much is left in it. You can also download PDF statement of your account, which gives you more detailed information.
How much amount will be received on investment of one lakh
If an investor invests one lakh rupees in a year in Sukanya Samriddhi Yojana, then his investment amount in 15 years is Rs 15,00,000. In this case, the total amount can be received up to Rs 44,89,690 on maturity of 21 years. In this amount, the investor is going to get Rs 29,89,690 as interest on the total investment by the government. This can be understood as investment amount three times 15,00,000×3= 45,00,000. In such a situation, it can be said that the investor will get almost three times the amount of investment on maturity.
No need to wait for maturity to withdraw money
If you want to take money for marriage, after completion of 18 years of the daughter in whose name you invest, the government can give you money. Investors can withdraw 50 percent of the amount after the girl child turns 18. Along with this, if the investor wishes, after five years of opening the account, he can withdraw his money from it under certain circumstances. Such as sudden death of the account holder, death of the guardian, serious illness of the account holder or inability to continue the account.
When and how much interest in Sukanya Samriddhi Scheme
- April 1, 2014: 9.1%
- April 1, 2015: 9.2%
- April 1, 2016 – June 30, 2016: 8.6%
- July 1, 2016 – September 30, 2016: 8.6%
- October 1, 2016-December 31, 2016: 8.5%
- July 1, 2017-December 31, 2017: 8.3%
- January 1, 2018- March 31, 2018: 8.1%
- April 1, 2018- June 30, 2018: 8.1%
- July 1, 2018- September 30, 2018: 8.1%
- October 1, 2018- December 31, 2018 : 8.5%
- January 1, 2019- March 31, 2019 : 8.5%
- January 1, 2020 – March 31, 2020 : 8.4%
- April 1, 2020-June 30, 2020: 7.6%
- January 1, 2023 – March 31, 2023: 7.6%
- Since April 1, 2023: 8%
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a savings and investment scheme launched by the Government of India with the objective of encouraging economic independence and education of girls. Through this scheme, families are provided the facility to invest for their daughters to support their modern education and future plans. Only that girl child can be included under the scheme, whose age is up to 10 years at the time of opening the scheme account. Investors have the freedom to invest every year under the scheme and this scheme runs for 21 years. The initial amount of investment in Sukanya Samriddhi Yojana cannot be beyond the minimum amount and the annual investment categories have limits on the minimum and maximum amounts. The interest rate of the scheme is determined on an annual basis and is given along with the financial response as per the authorized categories of income tax. The main objective of the scheme is to support the education, reading and writing of daughters, their social and economic independence. Income tax benefits are provided on the investment made under Sukanya Samriddhi Yojana, which is as per the rules.
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