SSY Interest Rate: Interest increased on Sukanya Samriddhi Yojana, government gave big gift to daughters, know new rate – gov hiked interest rate on sukanya samriddhi yojana
Most popular scheme for daughters
The central government started the Sukanya Samriddhi Yojana under the Beti Padhao, Beti Bachao Yojana. This scheme was launched to improve the future of girl children born in economically weak families. This is a long term saving scheme. In this scheme parents invest in the name of their daughters. This is a government scheme, so there is no risk in it. Guaranteed returns are available in this scheme.
Get exemption in income tax
Income tax exemption is also available for investing in Sukanya Samriddhi Yojana. Under Section 80C of the Income Tax Act, a tax rebate of Rs 1.50 lakh is available on investment in this scheme. This scheme comes with EEE status. That is, in this scheme investment, interest income and maturity amount all three are tax free.
Open an account before the age of 10 years
In Sukanya Samriddhi Yojana, the account is opened before the daughters complete 10 years of age. The account of maximum two daughters of the family can be opened in this scheme. By investing in this scheme, you can create a good fund for the marriage and higher education of the girl child.