Sukanya Samridhi Yojna: This scheme is a boon for daughters, you will get the benefit of lakhs on investment of Rs 416
Sukanya Samridhi Yojna: Sukanya Samriddhi Yojana (SSY) is a very popular scheme of the central government. Many citizens of the country are taking advantage of this. Because of these schemes, people start getting benefited. It has been launched by the government taking forward the Beti Bachao- Beti Padhao scheme.
Sukanya Yojana is the best scheme for small savings. This scheme starts benefiting the investors due to the long duration. And an ongoing scheme with daughters’ names is thought to be 3 times more likely to grow. Apart from time deposit in PPF, FD, NSC, RD, Monthly Income Scheme or SSY, there is going to be benefit of great scheme.
In this, you can open an account of a daughter below the age of 10 years by depositing a minimum of Rs 250. The account under Sukanya Samriddhi Yojana can be opened in a post office or branch of an authorized bank.
The interest rate on Sukanya Samriddhi Yojana is going to be 7.6 percent annually. Most importantly, the maturity of the plan reaches 21 years, but the parents get the benefit after investing for 14 years. Interest accrues for the rest of the year.
Talking about this plan, the return on maturity is going to be 3 times the return on maturity. At the current interest rates, the maximum benefit that can be availed with the help of this scheme is Rs 64 lakhs.
How this scheme benefits:
Talking about the Sukanya Samriddhi Yojana, investment can avail tax exemption under Section 80C of the Income Tax Act. If the daughter reaches 18 years of age and needs money for her studies or her marriage, you get the benefit by withdrawing up to 50 percent of the deposit amount.
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