If you are thinking of investing in the coming days and you are afraid that your investment may not get drowned. So, you have nothing to worry about.
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If you are thinking of investing in the coming days and you are afraid that your invested money may not sink. So, you have nothing to worry about. You can invest your money in the Post Office’s Small Savings Scheme. All your money is safe in these. Along with this, good returns are also available. One of these is Sukanya Samriddhi Yojana. In this government scheme, customers are getting the best interest compared to all other schemes. Let’s know about it in detail.
Who can invest money?
Under the Post Office’s Sukanya Samriddhi Yojana, a guardian can open an account in the name of a girl child below 10 years of age. In this scheme, only one account can be opened in the name of the girl child in any post office or bank in India. This account can be opened only for a maximum of two girl children in the family. In case of twin or triplet girl child, more than two accounts can be opened.
Rate of interest
At present, interest is being received at the rate of 7.6 percent in Sukanya Samriddhi Yojana. This interest rate is applicable from 1 April 2020. In this scheme, the interest is calculated and compounded on an annual basis.
investment amount
In this post office scheme, an investor can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh in a financial year. After this, investment can be made in multiples of Rs.50. The deposit can be made in lump sum. There is no cap on the number of deposits in a month or financial year.
tax exemption
Deduction can be availed under section 80C of the Income Tax Act on the amount deposited in Sukanya Samriddhi Yojana.
Maturity
In this post office scheme, the amount will mature after 21 years from the date of opening the account. Apart from this, after the age of the girl child is 18 years, she can also withdraw money at the time of marriage.
withdraw money before maturity
In Sukanya Samriddhi Yojana, a person can withdraw money before maturity after five years of opening the account. In this scheme, money can be withdrawn after the death of the account holder. Apart from this, money can be withdrawn even if there is any disease threatening the life of the account holder.
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