Post Office: Interest will be double on Sukanya Samriddhi Yojana, three times the amount will be received on maturity, understand the complete calculation
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Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana (ssyThere is a great news for the people investing in . Now on maturity the investor will get thrice the amount of his investment. Along with this, the interest earned on the investment will also double. On this scheme of the Indian Post Office, the rate of interest has been increased by the government to eight percent from April 1. This scheme brought for the upliftment of daughters is being made more attractive by the government. With this, more and more people can join the scheme and take advantage of it. The maturity of Sukanya Samriddhi Yojana is in 21 years. However, parents have to invest in this only for 15 years. For the next six years, the amount of interest keeps on adding to it. Any parent can invest a maximum of Rs 1.5 lakh annually in the scheme. While 250 rupees will have to be paid to open the account.
How much amount will be received on investment of one lakh
If an investor invests one lakh rupees in a year in Sukanya Samriddhi Yojana, then the amount of his investment in 15 years is Rs 15,00,000. In this case, the total amount can be received up to Rs 44,89,690 on maturity of 21 years. In this amount, the investor is going to get Rs 29,89,690 as interest on the total investment by the government. This can be understood as investment amount three times 15,00,000×3= 45,00,000. In such a situation, it can be said that the investor will get almost three times the amount of investment on maturity.
Income tax exemption will also be available
Another work has been done by the government to motivate people by investing in this scheme. The amount invested in this scheme has been made tax free by the government. In this, under section 80C of the Income Tax Act, an annual investment of up to 1.50 lakhs is exempted. At the same time, the returns from it are also tax free. More than that, the amount received on maturity under the Sukanya Samriddhi Yojana has also been kept tax free by the government.
No need to wait for maturity to withdraw money
If you want to take money for the marriage of your daughter in whose name you invest, after completing 18 years, the government can give you the money. Investors can withdraw 50 percent of the amount after the girl child turns 18. Along with this, if the investor wishes, after five years of opening the account, he can withdraw his money from it under certain circumstances. Such as sudden death of the account holder, death of the guardian, serious illness of the account holder or inability to continue the account.
When and how much interest in Sukanya Samriddhi Scheme
April 1, 2014: 9.1%
April 1, 2015: 9.2%
April 1, 2016 – June 30, 2016: 8.6%
July 1, 2016 – September 30, 2016: 8.6%
October 1, 2016-December 31, 2016: 8.5%
July 1, 2017-December 31, 2017: 8.3%
January 1, 2018- March 31, 2018: 8.1%
April 1, 2018- June 30, 2018: 8.1%
July 1, 2018- September 30, 2018: 8.1%
October 1, 2018- December 31, 2018 : 8.5%
January 1, 2019- March 31, 2019 : 8.5%
January 1, 2020 – March 31, 2020 : 8.4%
April 1, 2020-June 30, 2020: 7.6%
January 1, 2023 – March 31, 2023: 7.6%
Since April 1, 2023: 8%
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