Sukanya Samriddhi Yojana calculator: The central government has announced the interest rate of small savings schemes for the first quarter of the financial year 2023-24.
‘Sukanya Samriddhi Yojana (SSY) is also included in the schemes whose interest rate has been increased by the government this time. The interest rate of this famous scheme has been increased from 7.60 percent to 8 percent.
Let us inform that the Narendra Modi government had started the Sukanya Samriddhi Yojana in its first term. Under this scheme, you can open a Sukanya Samriddhi account for a girl child up to 10 years of age. A huge amount can be raised in this account for the future of the daughter. Today we will tell you how through this account we will be able to arrange more than Rs 40 lakh for the daughter.
Let’s say your monthly investment is Rs 12,500. In this way your investment every year will be Rs 1,50,000 lakh. The maturity of Sukanya Samriddhi account is 15 years. If you invest Rs 1,50,000 lakhs per year for 15 years, then your total investment will be Rs 22.50 lakhs. A total interest of Rs 19.98 lakh is generated on this investment at the rate of 8 percent. Thus, the total amount on maturity will be Rs 42.48 lakh. This means that after 15 years, you will get Rs 42.48 lakh, so that you can work for your daughter’s marriage or education etc.
Know some advantages
Under Sukanya, 50% of the maturity amount can be withdrawn under certain circumstances. At the same time, there is a facility to withdraw money even after the age of the girl child is 21 years. At the same time, ₹ 1.50 lakh tax exemption can also be availed under Income Tax Act 80C. Let us tell you that Sukanya’s interest rate changes on a quarterly basis.
