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Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana is very effective in raising funds for higher education and marriage of daughters. Your daughter’s account under the scheme can be opened till she completes 10 years of age.
National Girl Child Day: National Girl Child Day is celebrated every year on 24 January in India. The Government of India started it in the year 2008. Its objective is to make girls/girls aware of their rights and remove inequalities. Nowadays a lot is spent on children’s education and marriage. In this era of inflation, if you want your daughter’s future to be bright, then you can open her account in a government scheme. This scheme is Sukanya Samriddhi Yojana. By investing a little in this scheme, you can prepare a good fund for your daughter’s higher education and marriage.
Parents can open an account in Sukanya Samriddhi Yojana (SSY Account) before their daughter completes 10 years of age. Sukanya Samriddhi Account can be opened only for 2 daughters in a family. More than 2 accounts can be opened in case of twins or triplets. Contribution can be made in Sukanya Samriddhi Yojana for a maximum period of 15 years from the date of account opening. If an investor opens an account in the scheme immediately after the birth of his daughter, he can deposit his contributions for 15 years. After this there is a lock-in period of 6 years. No investment has to be made during this period, but interest continues to be received. In this scheme, 50 percent of the maturity amount can be withdrawn when the daughter turns 18 years old. The remaining amount can be withdrawn when the daughter turns 21.
Sukanya Samriddhi Yojana currently offers a compound interest rate of 8.2 percent per annum. In this scheme you can deposit a minimum of Rs 250 and a maximum of Rs 1,50,000 in a financial year. You can make this investment in installments or in lump sum. Suppose you open an account in Sukanya Samriddhi Yojana in the year 2024 when your daughter turns 1 year old. If you deposit Rs. in SSY account every financial year. 1,50,000, you get a total of Rs. Will meet. You can get Rs 69,27,578. The amount invested by you in this will be Rs 22,50,000. At the same time, the interest income will be Rs 46,77,578.
Investors in Sukanya Samriddhi Yojana will get Rs. You can avail income tax exemption on investment of Rs 1.50 lakh. Sukanya Samriddhi Yojana comes with EEE status. That means tax exemption is available at three places. Tax exemption is available on the amount invested in Sukanya Samriddhi Yojana. The interest received from this scheme is also tax free. Apart from this, the maturity amount in this scheme is also tax free.
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