Sukanya Samriddhi Yojana: The Central Government has recently increased the interest rate for Sukanya Samriddhi Yojana. Now it has become 8 percent annually. Earlier it was 7.6 percent. The amount invested in this scheme, interest income and maturity amount are all tax free. In this scheme, you can prepare a fund of 64 lakhs for your daughter.
Sukanya Samriddhi Yojana: From time to time, many schemes are run by the Central and State Governments for the women and girls of the country. Through these schemes, the government tries to make women self-reliant. For such daughters, Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana – SSY) is being run by the central government.
The scheme has been launched by the Modi government at the center to make special daughters self-reliant. Through this scheme, slowly You can create a fat fund by depositing less money. Recently, the government has increased the interest received in it. This is a scheme that gives more returns than the bank’s FD.
The government has increased the interest rate on Sukanya Samriddhi Yojana from 7.60 per cent to 8 per cent. The interest rate on SSY is fixed every three months. But you can expect returns ranging from 7.60% to 8% in this scheme. Parents can open their account in this scheme till their daughter completes 10 years of age.
You can deposit up to Rs 1.5 lakh annually
Under this scheme, a minimum of Rs 250 and a maximum of Rs 1.50 lakh can be deposited. At least 250 rupees have to be deposited annually. After 18 years of age of the daughter, 50% of the total money can be withdrawn. Which can be used for graduation or further studies. After this, all the money can be withdrawn only when she is 21 years old. The specialty of this scheme is that you do not have to deposit money for the entire 21 years. Money can be deposited only for 15 years from the time the account is opened.
This is how you can create a fund of 64 lakhs
If you will invest 12500 rupees every month in the name of your daughter in this Sukanya Yojana. After a lock-in period of 21 years, a fund of about Rs 64 lakh can be created on maturity. It is getting 8 percent interest annually.
Tax benefits are also available
Sukanya Samriddhi Yojana is a tax free scheme. On this EEE ie tax exemption is available at three different levels. First, exemption on annual investment up to 1.50 lakhs under section 80C of the Income Tax Act. Secondly, there is no tax on the returns received from it. Third, the amount received on maturity is tax free.
