Sukanya Samriddhi Yojana: Are you planning for your daughter’s bright future, then Sukanya Samriddhi Yojana can be a great option for you.
In this government scheme, you can get good returns for your daughter with less investment. Let us know about this yojna in detail.
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a small savings scheme, that aims to raise funds for higher education or the marriage of daughters.
In this scheme, an account has to be opened in the name of your daughter and money has to be deposited in it regularly.
Benefits of Sukanya Samriddhi Yojana
Good interest rate: The interest rate on this scheme is attractive compared to other savings schemes.
Tax benefits: Investment made in this yojna is eligible for tax free under section 80C of the Income Tax Act.
Safe investment: This is a government scheme, so investment in it is completely safe.
Goal-oriented scheme: This scheme is designed with a clear goal for the education or marriage of the daughter.
How to open an account in Sukanya Samriddhi Yojana
You can open a Sukanya Samriddhi Yojana account in the name of your daughter below 10 years of age.
The account can be opened at the local post office or authorized bank.
Aadhar card, bank account details, and daughter’s birth certificate will be required to open the account.
How much to invest in Sukanya Samriddhi Yojana
The minimum annual investment in this scheme is Rs 250.
The maximum annual investment is Rs 1.5 lakh.
The account matures after 21 years.
Returns received in Sukanya Samriddhi Yojana
The interest rate on Sukanya Samriddhi Yojana is decided by the government from time to time.
Currently, this scheme is getting interest at the rate of 8.2%. This scheme provides the facility of compound interest, which makes your money grow faster.
Tax benefits in Sukanya Samriddhi Yojana
Investment made in this scheme gives the benefit of tax exemption of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
The interest received in the scheme is tax-free.
The amount received on maturity is also tax-free.
Sukanya Samriddhi Yojana is a great option for your daughter’s bright future. By investing timely in this scheme, you can help your daughter fulfill her dreams.