Nowadays people are looking for new ways of investing. In such a situation, the number of investors in the stock market is increasing rapidly.
People consider the stock market as an alternative to investing in bank FDs and government schemes. However, The investing in government schemes provides you many different benefits.
Today we are going to tell you about one such government scheme, where you will get the benefit of tax benefits as well as more amount.
What is Sukanya Samriddhi Yojana
Under this scheme started by the central government, any Indian citizen can start this scheme in the name of his daughter below 10 years of age.
This scheme should be opened in any branch of the nearest post office. Under this scheme, you can invest for 15 years, after which the full amount will be given on maturity on completion of 21 years.
Special rules related to this scheme
The government revises the interest received on the Sukanya Samriddhi Yojana account every quarter. When the interest increases or decreases, the amount received on maturity is affected.
The investment amount in the SSY account should be deposited before 5 April every year, so that the daughter can get maximum interest.
If your daughter age is greater than 10 years old at the time of opening the account, then your daughter would get the total maturity amount when the account completes the age of 21 years, not when the daughter turns at the age of 21.
How will you get Rs 71 lakh
Under this scheme, If you can be deposit Rs 1.5 lakh yearly for 15 years, on which you will be provided maximum benefit.
The opportunity to get maximum interest in SSA will also be available only when you deposit this amount in the account before 5 April every financial year.
By investing this amount for 15 years, the total amount of deposit will be ₹ 22,50,000. On maturity, you will get ₹ 71,82,119.
In this, the total calculated amount received from the interest will be ₹ 49,32,119. This amount received on maturity will be completely tax-free.
Secure your daughter’s future
Sukanya Samriddhi Yojana is a great investment option that can help secure your daughter’s future. Through this scheme, you can not only empower your daughter financially but also get tax benefits.