Sukanya Samriddhi account: The government has once again kept the interest rates constant for small savings schemes like Sukanya Samriddhi Yojana. The government will give interest at the rate of 7.6 percent per annum on the Sukanya Smridhi Yojana as before. After the decision of the government, the same interest rates will remain for the coming April-June quarter. That is, if you are planning to invest, then there is good news for you, you will continue to get more interest till the next quarter. In such a situation, on the new financial year, you can start investing in the name of your daughter.
Let us tell you that Sukanya Samriddhi Yojana (SSY) is a small deposit scheme started for the girl child. Sukanya Samriddhi Yojana account can be opened under this scheme by the guardian or parents of a girl child of 10 years or less. In this scheme of the government, you will not only get a chance to earn great returns, but you can also save on tax. Let’s know everything about this scheme…
What is SSY Scheme?
Under this scheme, you can deposit a minimum amount of Rs 250 and a maximum amount of Rs 1.5 lakh. By opening this account, you get a lot of relief from your daughter’s education and further expenses. In this, only one account can be opened in the name of one daughter. If there are two daughters, then separate accounts will have to be opened in the names of both.
Where to open Sukanya Samriddhi account?
Account under Sukanya Samriddhi Yojana can be opened in any authorized branch of any post office or commercial branch. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250.
Will this document have to be given?
The maximum amount that can be deposited under Sukanya Samriddhi Yojana in the current financial year is Rs 1.5 lakh. To open an account, you will have to submit the birth certificate of your daughter to the post office or bank along with the form. Apart from this, the identity card of the child and parents, such as PAN card, ration card, driving license, and passport will have to be given.
When does this account mature?
Sukanya Samriddhi Account matures after 21 years from the date of account opening or at the time of marriage (1 month before or three months after the date of marriage) when the daughter turns 18. The interest on Sukanya Samriddhi Yojana is 7.6 percent.
Let us tell you the benefit of 15 lakhs
if you invest Rs 3000 every month in this scheme, that is, after 14 years, you will get Rs 9,11,574 at the rate of 7.6 percent compounding annually. At 21 years i.e. maturity, this amount will be around Rs 15,22,221.