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Sukanya Samriddhi Scheme: To secure the future of daughters, the government runs Sukanya Samriddhi Yojana (SSY). A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited annually in this scheme. At present 8.2 percent interest is being given on this scheme. In this scheme one has to invest for a maximum of 15 years and the amount is received after maturity after 21 years. If you have also invested in this scheme in the name of your daughter or are thinking of doing so, then know here that if you deposit ₹ 1,00,000 annually in this scheme, then how much amount will you get on maturity?
How much will you get on an annual investment of Rs 1,00,000?
If you are depositing Rs 1,00,000 every year in the name of your daughter, then you will deposit a total of Rs 15,00,000 in 15 years. You will get Rs 31,18,385 as interest on this amount. In this way you will get Rs 46,18,385 as maturity amount in 21 years. In this way you can add a good amount for your daughter. If you start investing this year i.e. 2024, then this scheme will mature in 2045.
Open an account like this
Download the form of Sukanya Samriddhi Yojana by visiting the website of the bank or post office. Take a print out of it and fill it and attach all the necessary information, photo and other documents like girl's birth certificate, photo, guardian's identity card etc. After this, go to the nearest bank branch or post office branch with the filled form and documents. Also take the original copies of all the documents with you. After this, the employees of the bank or post office where you are opening the account will check the form and match the attached documents with the original documents. After this the account will be opened in the name of your daughter. After opening an account, you can do many things online.
Account can be opened only for two daughters
The interest rate in Sukanya Samriddhi Yojana is reviewed on quarterly basis. It also provides tax exemption under Section 80C of the Income Tax Act. You can claim tax exemption up to a maximum of Rs 1.50 lakh. Under this scheme, you can open an account only for two daughters. If you have more than two daughters, you will not get the benefit of this scheme for the third or fourth daughter. However, if you have a second daughter, twins or triplets, a Sukanya Samriddhi account can be opened for her.