new Delhi: Corona epidemic ( Coronavirus Pandemic ) Has well explained the importance of savings and investment to all. This is the reason that everyone is currently looking for jobs as well as other sources of income. Now not everyone can start a new business, in such a way you can definitely see better investment options according to your savings. If you are also doing this and you care more about your children’s future than yourself, then today we tell you some great options in which you can invest in the name of the child and secure their future.
Sukanya Samriddhi Yojana- Sukanya Samriddhi Scheme is one such scheme to secure the future of daughters. This plan is very popular since its launch. Parents of daughter below 10 years can invest in this scheme. You can also get tax rebate by investing in Sukanya Samriddhi yojana (Invest IN Sukanya Samriddhi yojana). At least 250 rupees can be deposited annually in Sukanya Samriddhi Yojana. A maximum of Rs 1.50 lakh is deposited annually under the scheme.
Public Provident Fund – One of the most popular schemes of the government is PPF ie Public Provident Fund Account. By investing in this scheme, not only do you earn profit on your income, but you also get income tax rebate. Apart from this, due to being a long term investment, both its maturity and profit are tax-exempt. But very few people know that you can open this account in your child’s name as well. There is also a facility of loan and partial withdrawal on the account opened in the name of the child. Apart from this, there is also a special thing that after 18 years your child can manage this account himself. If you have two children, you can invest up to Rs 3 lakh by opening a separate PPF account. After 15 years, you can withdraw the entire amount from the account simultaneously.