Sukanya Samridhhi Yojana: In this scheme you can open an account in the name of your daughter who is less than 10 years of age. It will get the benefit of tax exemption
Sukanya Samridhhi Yojana: Many Small Saving Schemes are being run by the Central Government. These schemes are very useful for those people who want to make a good corpus for the future by investing little money. If you also want to invest for your daughter’s marriage or higher education, then it may prove to be better for you to invest in Sukanya Samriddhi Yojana (SSY). It is getting the benefit of interest at the rate of 7.6% per annum. In the scheme, you can deposit a maximum of Rs 1.5 lakh in a financial year.
At the same time, it is necessary to deposit at least Rs 250 in a financial year. If you do not deposit Rs 250 then you will be fined Rs 50. This scheme will mature only when the daughter attains the age of 21 years.
when can you withdraw money
This plan matures when your daughter attains the age of 21 years. You can also withdraw the money deposited in it for a period of 18 years. However, at that time only 50 per cent can be withdrawn. Also, you have to deposit money in the scheme for 15 years. Only then will you be able to withdraw the money before the maturity period.
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