Sukanya Samriddhi Yojana: the government has given big discount in Sukanya Samriddhi Yojana, will get 64 lakh rupees
Sukanya Samriddhi Yojana: Everyone is facing economic crisis amidst Coronavirus. Meanwhile, parents have also started worrying about the daughter’s future. This is the reason that now people are planning to invest money for daughter’s good future. However, most of the investment avenues are currently closed due to the Korana crisis. In such a situation, there is no guarantee of security of money. But, you don’t need to be upset anymore. You can invest in a scheme where your money will be completely safe and you will also get good returns. We are talking about the Sukanya Samriddhi Yojana (Post Office) of the Post Office. The Central Government has launched Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana 2020) for the welfare of daughters. In this scheme you can invest for your child’s education or her marriage. Meanwhile, the government has given some relaxation in “Sukanya Samriddhi Yojana”, under which the account of 10-year-old daughters can be opened by 31 July 2020.
What is Sukanya Samriddhi Yojana ( What is Sukanya Samriddhi Yojana)
Explain that the government started Sukanya Samriddhi Yojana (SSY Account) on the lines of ‘Beti Bachao Beti Padhao’ campaign. The Sukanya Samriddhi Yojana has an annual interest rate of 7.6 percent. By investing in this scheme for 14 years, the daughter gets a hefty amount at the age of 21 years. The special thing is that by depositing the maximum in the scheme, an amount of about 64 lakhs can be obtained at maturity, which can be used in the future of the daughter. Being a post office scheme, investment money is also completely safe.
Post Office Schemes: Learn, Latest Interest Rate of SSY, NSC, PPF, SCSS and Fixed Deposit?
Interest at 7.6 percent rate (Interest Rate in SSY Account 2020)
Interest is paid @ 7.6% per annum for investing in the post office’s Sukanya Samriddhi Yojana. The parents of this scheme have to invest only for 14 years. After this, maturity is attained when it is 21 years. After 14 years, the closing amount will get an interest of 7.6% per annum.
Can invest minimum Rs 250
One can start with a minimum investment of Rs 250 per year in Sukanya Samriddhi Yojana. A maximum of Rs 1.50 lakh can be deposited in it. To take advantage of this scheme, the girl’s age must be below 10 years. In this scheme, the interest rate is revised quarterly. Your money is completely safe when you invest in the post office. So you can invest without any risk.
Getting FD in post office is the easiest, Rs 200. Open account in India, up to 7.7% return in 5 years
Get tax exemption
Tax exemption is given under Section 80C of Investment Income Tax Act under the benefit Sukanya Samriddhi Yojana. If the daughter turns 18 and needs money for studies or her marriage, then you can withdraw up to 50 percent of the deposit amount.
How to apply (Apply For Sukanya Samriddhi Yojana)
In this scheme one has to visit the nearest post office to open an account. Here daughter’s birth certificate, parents’ Aadhaar card, three photographs and at least Rs 250 will have to be submitted. After this your account will be opened.