The Sukanya Samriddhi Yojana (Sukanya Samriddhi Account) was started by the central government to secure the future of daughters and for their studies and marriage. Under this scheme, the account of a child below 10 years can be opened, which is easily opened in the post office or any major bank. Although the account of maximum two girls can be opened under the scheme, but in some special cases the account of 3 girls can also be opened under the scheme.
You too can make your daughter’s future in this government scheme by investing very little money. This scheme has many advantages. Safety of capital with fixed income is the specialty of this scheme. So let’s know its 5 big benefits.
1.Sukanya Samriddhi account can be opened for a minimum of Rs 250 and in a financial year a minimum deposit of Rs 250 and a maximum of Rs 1.5 lakh has been fixed.
2. This scheme helps in raising funds for the education of daughters and their marriage. Currently, 7.6 percent interest is received under the scheme.
3. Tax exemption is also available for investing in Sukanya Samriddhi Yojana under Section 80C of Income Tax Act. That is, you can avail tax rebate on an investment of Rs 1.5 lakh per annum.
4. The returns from Sukanya Samriddhi Scheme are also tax free. You can avail tax exemption for this financial year by investing in Sukanya Samriddhi Scheme till 31 March.
5. After the daughter turns 18, up to 50 per cent can be easily withdrawn from Sukanya Samriddhi account for her higher education.
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Investment can be done with this amount of rupees – in Sukanya Samriddhi Yojana an account can be opened with just Rs 250. That is, even if you save 1 rupee per day, you can still take advantage of this scheme. At least Rs 250 should be deposited in any one financial year. In a single financial year, no more than Rs 1.5 lakh can be deposited in an SSY account or once.
How to open an account – Under Sukanya Samriddhi Yojana, an account can be opened in any post office or authorized branch of commercial branch. Under this scheme, the account can be opened before the birth of the girl child with a deposit of at least 250 rupees before the age of 10 years. In the current financial year, a maximum of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana.
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