The government has recently increased the interest of 0.40 percent in Sukanya Samriddhi Yojana. Due to which people will now get more interest in it.
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If you want to secure the future of your daughter, then you can invest in Sukanya Samriddhi Yojana and create a hefty fund. Because the interest received in this scheme has increased further. This small savings scheme The government has specially made it for the daughters. Under this scheme, you can start investing by opening an account for a girl child below 10 years of age. In this scheme, you have to deposit at least Rs 250 in a year. And in this, you can deposit up to a maximum of Rs 1.5 lakh in a year. In this scheme, you will also be able to take advantage of tax exemption under Section 80C of the Income Tax Act, 1961.
In Sukanya Samriddhi Yojana, a small savings scheme run by the government for daughters, you will get interest at the rate of 8 percent. Which was earlier 7.6 percent. The government has recently increased the interest of 0.40 percent in Sukanya Samriddhi Yojana. Due to which people will now get more interest in it. By investing in this, you can create a fund of about 64 lakhs with high interest. For this you have to invest in it for a long time.
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When can I withdraw money
The most special thing about Sukanya Samriddhi Yojana is that if you want to give good education to your daughter and you do not have money, then in this scheme you can withdraw half the money after the daughter completes 18 years of age and 21 years of the daughter. You can withdraw all the money when it is done. With this you can secure your daughter’s future.
get the benefit of tax exemption
You can also take advantage of income tax exemption by investing in Sukanya Yojana. In this scheme, under Section 80C of the Income Tax Act, the benefit of tax exemption is available on investment up to Rs 1.50 lakh. The investment made in this scheme, the interest received as income and the maturity amount are completely tax free.
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This is how you can create a fund of 64 lakhs
If you will invest 12500 rupees every month in the name of your daughter in this Sukanya Yojana. So after a lock-in period of 21 years, a fund of about Rs 64 lakh can be created on maturity. Please tell that when you open an account in this scheme, then you will have to invest for the next 14 years. After this, after the completion of 21 years of the daughter, you can withdraw the entire amount on maturity. In this government scheme, you will be provided interest at the rate of 8 percent. You can open Sukanya Yojana account in any post office or any bank in the country.
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