Make Your Daughter’s future safe! After 21 years, you will get a return of Rs 64 Lakh
Take advantage of the central government’s scheme to secure your daughter’s future. A maximum of Rs 1.5 lakh can be deposited in this account during a financial year. The minimum deposit in a financial year is Rs 250.
New Delhi. The Sukanya Samriddhi Scheme of the Central Government (Sukanya Samriddhi Scheme 2020) is very famous in the common man. Sukanya Samriddhi Yojana (SSY) can be a better option if you want to get better returns as well as to protect your daughter’s future. In this central government scheme, beneficiaries can get more than three times the money back. Not only that, investing in this scheme also gives you tax exemptions. Under the scheme, one can open an account in the name of his daughter, a person can open an account of only two daughters and an affidavit is required to open more accounts. Under this scheme, an account can be opened in the name of a daughter up to 10 years. If the minimum amount is not deposited in this account during a financial year, it can be regularised at any time during a period of 15 years. A penalty of Rs 50 per year will be required.
Sukanya Samriddhi Account Scheme 2020 Deposit- A maximum of Rs. 1.5 lakh can be deposited in one account during a financial year. The minimum deposit in a financial year is Rs 250. This means that in a financial year, you can invest more than Rs 1.5 lakh and at least Rs 250 in a financial year. If a person accidentally makes a deposit in this account over Rs 1.5 lakh this amount will not be calculated for interest. The amount will also be returned to the depositors’ account. This account can be deposited for up to 15 years.
Where will the SSY account open? – Under Sukanya Samriddhi Yojana, applicants can open an account in any bank or post office in the name of their daughter. With the help of this scheme, applicants can secure the future of their daughters. Under this scheme one can open the same account in the name of a daughter, not two.
What documents to give?-For opening an account under Sukanya Samriddhi Yojana, the applicant will also have to submit his daughter’s berth certificate to the post office or bank along with the form. In addition, the identity card (PAN card, ration card, driving licence, passport) of the child and parents and the certificate (passport, ration card, electricity bill, telephone bill, water bill) of the child will have to be deposited.
The interest-related Interest Sukanya Samriddhi Yojana is currently getting interest at the rate of 7.6 per cent. The rate of interest that remains at the time of opening an account in this scheme is the rate of interest paid throughout the investment period. The government has not changed interest rates for the July-September quarter on investments made in all small Saving Schemes, including post office savings accounts, for the July-September quarter .
Rs 64 lakh at maturity If rs 1.5 lakh is deposited for 15 years in every financial year, the total amount deposited on it will be Rs 22,50,000 and the interest on it will be Rs 41,36,543. However, the account will be mature after 21 years of completion. The interest on the amount deposited on the account will continue to be paid. For 21 years, the amount will go up to around Rs 64 lakh with interest. You have to keep in mind that the interest on Sukanya Samriddhi Yojana is decided by the central government every quarter. The interest rate can vary several times till maturity.
How will the account be renewed?-If you do not deposit the money continuously in the account opened under the Sukanya Samriddhi Yojana, it will provide money equal to the interest on the savings account of the Post Office on the deposit. If you have not been able to deposit the minimum amount in a year, you can regulate it again by paying a fine of Rs 50.