Modi Sarkar Sukanya Samriddhi Yojana in Post Office: If you are thinking of investment then you will be the first choice to invest in government schemes. After all, most people feel that their investment in government schemes is completely safe. Keeping this in mind, many schemes were started during the tenure of Modi government, in which your future or your children’s future is completely secured by investing. There are other post office programs among them, while Sukanya Samriddhi Yojana (SSY) is a preferable choice.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is the highest interest paying scheme among the post office small savings scheme. In comparison to PPF, FD, NSC, RD, Monthly Income Scheme, or Time Deposit, SSY offers highly competitive interest rates.
If you take this plan in the name of your child, then you deposit the maximum limit every year, then on maturity, this scheme creates a fund and gives more than 60 lakhs.
21 years is the maturity of the plan
Sukanya Samriddhi Yojana has an annual interest rate of 7.6%. This plan’s maturity time is listed as 21 years. The child’s family just needs to invest for 14 years in this. For the remainder of the year, interest continues to accrue.
The return on maturity will be triple whatever you invested in this programme. At the current interest rates, a maximum of Rs 63.50 lakh can be raised via this scheme.
See full plan like thisÂ
Maximum investment: Rs 1.50 lakh per annum or Rs 12500 per month
Interest Rate: 7.6 percent per annum
If the same interest rate remains the same and you invest for a maximum period of 14 years
Your total investment: Rs 22.50 lakh
Maturity amount: Rs 63.65 lakh
Interest Benefit: Rs 41.15 lakh
What are government schemes
Account under SSY can be done by visiting any post office. In the post office, a form must be completed for this. Additionally, the daughter’s birth certificate must be provided. Keep in mind that only girls under the age of 10 may register an account in their names. For this, ID proof of parents is also required, in which any document like PAN card, ration card, driving license, passport can be used. Documents for address verification must also be submitted at the same time. After the bank or post office has verified your documentation, your account will be opened. After the account is opened, the passbook is given to the account holder.
What are the benefits?Â
Investments under Sukanya Samriddhi Yojana can avail tax exemption under Section 80C of the Income Tax Act. If the daughter attains the age of 18 years and needs money for studies or marriage, then you can withdraw up to 50 percent of the deposit amount. A minimum of Rs 250 can be deposited in this scheme annually.
Read More: Mutual Fund: If you want to invest in mutual funds, then choose a focused fund! will get big returns
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