People are looking for alternative ways of investing in modern times. In such a situation, the number of investors in the stock market has increased rapidly. People are looking at the stock market as an alternative way instead of investing in bank FD and government schemes.
However, investing in government schemes gives you many benefits. Today we are going to tell you about one such government scheme, where you will get the benefit of more money along with tax benefits.
This scheme is opened for daughters and any citizen of the country can invest in this scheme for his daughter aged 10 years or less. Under Sukanya Samriddhi Yojana, anyone can deposit a minimum of ₹ 250 annually. While a maximum of 1.5 lakh rupees can be deposited.
The biggest feature of Sukanya Samriddhi Yojana is that among all the government schemes running in the country, it is one of the schemes paying the highest interest, 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 71 lakhs. Let’s know the complete details.
What is Kanya Sukanya Yojana?
Under this scheme started by the central government, any Indian citizen can start this scheme in the name of his daughter. This scheme can be opened in any branch of the post office. Under this scheme, you can invest for a total of 15 years, after which the entire amount will be given on maturity after completion of 21 years.
Special rules related to this scheme
- The government revises the interest rate on Sukanya Samriddhi Yojana account every quarter. The increase or decrease in interest rate affects the amount received on maturity.
- The amount invested in SSY account should be deposited before 5th April every year so that the daughter can get maximum interest.
- If at the time of opening the account, your daughter is more than 0 years of age, then your daughter will receive the maturity amount when the account completes 21 years, not when the daughter turns 21 years old.
How to get 71 lakh rupees?
Under this scheme, you can deposit 1.5 lakh rupees annually for 15 years, on which you will be given maximum benefit. In SSA too, you will get the opportunity to get maximum interest only when you deposit this amount in the account before 5th April every financial year. On depositing this amount for 15 years, the total deposit will be ₹22,50,000. On maturity, you will get 71,82,119 rupees. In this, the total amount received from interest will be 49,32,119 rupees. This amount received on maturity will be completely tax free.
