Today we are going to tell you about a government scheme, where you will get tax benefits as well as a higher amount of benefit. This scheme has been started for daughters and any citizen of the country can invest in this scheme for his daughter of 10 years or less.
Under Sukanya Samriddhi Yojana, any person can deposit a minimum of Rs 250 annually. While a maximum of Rs 1.5 lakh can be deposited.
The biggest feature of Sukanya Samriddhi Yojana is that among the government schemes launched across the country today, it is one of the highest interest-paying schemes, whose account holders are given interest at the rate of 8.2 percent every year. In such a situation, by investing a certain amount for a few years, your daughter can become the owner of more than Rs 71 lakh.
How to get Rs 71 lakh?
Under this scheme, you can deposit Rs 1.5 lakh annually for 15 years, on which you will be given maximum benefit. You will get the opportunity to earn maximum interest in SSA only if you deposit this amount in the account before April 5 of every financial year. By depositing this amount for 15 years, the total deposit amount will be Rs 22,50,000. While on completion of the term, you will get Rs 71,82,119. The total amount received from interest will be Rs 49,32,119. And this amount will be completely tax-free.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a small savings scheme launched by the Government of India under the ‘Beti Bachao, Beti Padhao’ campaign. Under this scheme, if your daughter is below 10 years of age, you can open an account in her name at a post office or an authorized bank.
Key points of the scheme
- Interest rate: Currently, this scheme is offering 8.2% annual interest, which is much higher than fixed deposits and other savings schemes.
- Minimum investment: Account can be opened with just ₹250 per year.
- Maximum Investment: A maximum of ₹1.5 lakh can be deposited in a financial year.
- Investment period: Money has to be deposited in the account for 15 years, but maturity is in 21 years.
- Tax exemption: By investing in this scheme, you get tax exemption under 80C and the money received at maturity is also completely tax free.
