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Post Office Scheme: In modern times, people are looking for alternative ways of investing. In such a situation, the number of investors in the stock market has increased rapidly. Instead of investing in bank FDs and government schemes, people are looking at the stock market as an alternative way. 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 amount along with tax benefits.
This scheme has been opened for daughters and any citizen of our country can invest in this scheme for their daughter of 10 years or less. Under Sukanya Samriddhi Yojana, any person can deposit a minimum of ₹250 annually. Whereas a maximum of Rs 1.5 lakh can be deposited.
The biggest feature of Sukanya Samriddhi Yojana is that it is one of the highest interest paying schemes among all the government schemes running in the country, 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 Rs 71 lakh. Let us know the complete information.
What is Kanya Sukanya Yojana?
Under this scheme launched 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 offered on Sukanya Samriddhi Yojana account every quarter. Increase or decrease in interest affects the amount received on maturity.
- The investment amount in SSY account should be deposited before April 5 every year, so that the daughter can get maximum interest.
- If your daughter is above 20 years of age at the time of opening the account, your daughter will receive the maturity amount on completion of 21 years of the account and not when the daughter turns 21.
How to get Rs 71 lakh?
Under this scheme, you can deposit Rs 1.5 lakh annually for 15 years, on which you will be given maximum benefit. Even in SSA, you will get the opportunity to get maximum interest only if you deposit this amount in the account before April 5 of every financial year. By depositing this amount for 15 years, the total deposit will be ₹ 22,50,000. On maturity you will get Rs 71,82,119. The total amount received from interest in this will be Rs 49,32,119. This amount received on maturity will be completely tax free.