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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. People are looking at the stock market as an alternative way instead of investing in bank FDs 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 exemption.
This scheme has been opened for daughters and any citizen of our country can invest in this scheme for his daughter aged 10 years or less. Under Sukanya Samriddhi Yojana, any person can deposit a minimum of ₹ 250 annually. While a maximum of Rs 1.5 lakh 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 Scheme?
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 paid on Sukanya Samriddhi Yojana account every quarter. The amount received on maturity is affected when the interest rate increases or decreases.
- The investment amount in the SSY account should be deposited before 5th April every year, so that the daughter can get maximum interest.
- If your daughter's age is more than 0 years at the time of opening the account, then your daughter will get the maturity amount when the account completes 21 years and not when the daughter turns 21 years old.
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. In SSA also, you will get the opportunity to get maximum interest only when you deposit this amount in the account before 5 April every financial year. On depositing this amount for 15 years, the total deposit amount will be Rs 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.