New Delhi. Today we are going to tell you about such a government scheme where you can add a huge amount by investing very little money. The name of this government scheme is Sukanya Samriddhi Yojana (SSY).
With this scheme, you can not only secure the future of your beloved, but also by investing money in this great investment option, it also helps you in saving income tax. The benefit of this scheme can also be availed by saving Re 1 per day. So let’s know everything about it…
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the central government for daughters, which has been launched under the Beti Bachao Beti Padhao scheme. Sukanya is the best interest rate scheme in small savings scheme.
Investment can be made with this much money
Account can be opened in Sukanya Samriddhi Yojana with just Rs.250. That is, even if you save 1 rupee daily, you can still take advantage of this scheme. At least Rs 250 must be deposited in any one financial year. Not more than Rs 1.5 lakh can be deposited in the SSY account in any one financial year at one time or several times.
How much interest
At present, interest was being given in SSY (Sukanya Samriddhi Account) at the rate of 7.6 percent which is with income tax exemption. Earlier, interest up to 9.2 percent has also been received in it. After the age of 8 years, up to 50 percent of the amount can be withdrawn in case of expenditure for higher education of the daughter.
On maturity you will get more than 15 lakhs
Suppose you invest Rs 3000 every month in this scheme i.e. Rs 36000 annually, after 14 years you will get Rs 9,11,574 at the rate of 7.6 per cent annual compounding. On 21 years i.e. maturity, this amount will be around Rs 15,22,221. Let us inform that at present interest was being given in SSY at the rate of 7.6 percent which is with income tax exemption.
How to open account
Account under Sukanya Samriddhi Yojana can be opened in any authorized branch of any post office or commercial branch. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250. In the current financial year, a maximum amount of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana.
How long can the account be operated
After opening the Sukanya Samriddhi Yojana account, it can be run till the girl child turns 21 or gets married after the age of 18 years.
What is the penalty for non-deposit of amount
If the minimum deposit of Rs 250 is not made every year, the account will be closed and can be revived with a penalty of Rs 50 per annum along with the minimum amount required to be deposited for that year. Reactivation can happen after 15 years from the date of account opening.
