Take advantage of this central government scheme to secure your daughter’s future. Up to a maximum of Rs 1.5 lakh can be deposited in this account during a financial year. At the same time, the minimum deposit amount in the financial year is 250 rupees.
The Sukanya Samriddhi Scheme 2020 of the Central Government is very popular among the common man. Sukanya Samriddhi Yojana (SSY) can be a better option if you want to secure a better return along with your daughter’s future. In this central government scheme, beneficiaries can get more than three times the money back. Not only this, you also get tax exemption by investing in this scheme.
Under the scheme, any person can open an account in the name of his daughter, a person can open an account of only two daughters and more than that an affidavit is required to open the account. Under this scheme, an account can be opened in the name of a daughter up to 10 years old.
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If the minimum amount is not deposited in this account during a financial year, it can be regularized anytime during the 15-year period. For this, a penalty of 50 rupees will have to be paid every year.
Sukanya Samriddhi Account Scheme 2020 Deposit – Up to a maximum of Rs 1.5 lakh can be deposited in any one account during a financial year. At the same time, the minimum deposit amount in a financial year is 250 rupees. This means that you can invest up to 1.5 lakh rupees and at least 250 rupees in a single account in a financial year. If a person accidentally deposits more than Rs 1.5 lakh in this account, this amount will not be calculated for interest. Also, this amount will be returned to the depositors’ account. This account can be deposited up to 15 years.
Where will the SSY account be opened? – Under Sukanya Samriddhi Yojana, applicants can open an account in any bank or post office in the name of their daughter. With the help of this scheme, applicants can secure the future of their daughters. Under this scheme, only one account can be opened in the name of one daughter, not two.
What are the documents to be given?
To open an account under the Sukanya Samriddhi Yojana, the applicant will also have to submit his daughter’s birth certificate in the post office or bank along with the form. Apart from this, the identity card (PAN card, ration card, driving license, passport) of the child and parents and the certificate of where they are staying (passport, ration card, electricity bill, telephone bill, water bill) will have to be submitted.
How much interest is being received
Sukanya Samriddhi Yojana is currently getting Interest at the rate of 7.6 percent. In this scheme, the interest rate remains at the time of opening the account, at the same rate, the interest is received during the entire investment period. The government has not changed the interest rates for the July-September quarter on the investment made in all Small Saving Schemes, including the Post Office Saving Account (Interest Rates Unchanged).
On maturity, you will get Rs 64 lakh as per the current interest rate, if Rs 1.5 lakh is deposited for 15 years in every financial year, then the total amount deposited by you will be Rs 22,50,000, and interest on it will be Rs 41,36,543 will form. However, this account will be matured after the completion of 21 years. In such a situation, interest will be paid on the amount deposited on the account. For 21 years, this amount will increase to about 64 lakh rupees with interest. You have to keep in mind that the central government decides the interest in Sukanya Samriddhi Yojana every quarter. In such a situation, the interest rate can be changed several times until maturity.
How will the account be renewed?
If you do not deposit the money continuously in the account opened under the Sukanya Samriddhi Yojana, then you will get money equal to the interest received on the savings account of the post office on the deposit amount. If you have not been able to deposit the minimum amount in any year, then you can make it regular again by paying a fine of Rs 50.