Sukanya Samriddhi Yojana is a better scheme for the daughter’s secure future. In this, half the amount can be withdrawn for higher education. The remaining maturity will get a lump sum.
If you want to secure your daughter’s future, then you can invest in Sukanya Samriddhi Yojana, run by the government. In this, you can open an account in the name of your daughter for only 250 rupees. At the same time you will get more than 15 lakh rupees on maturity. The most important thing about this scheme is that by putting money in it, it also helps you to save income tax. Let us tell you the complete details about this plan.
Get better interest
This scheme of the government is named Sukanya Samriddhi Yojana (SSY). With this plan, you can only secure the future of your dear one. Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the Central Government for daughters. After opening the account, it can be run till the daughter turns 21 or she is married after the age of 18. Under the Sukanya scheme, the account can be opened in any post office or commercial bank. The specialty of the scheme is that its maturity is 21 years, while the investment has to be made for only 14 years.
50 percent can be withdrawn for studies
You can also take advantage of this scheme by saving only 1 rupee per day. It is mandatory to deposit at least 250 rupees in a financial year. A maximum deposit of up to Rs 1.5 lakh can be deposited in this scheme. In this, after the age of 18, up to 50 percent of the amount can be withdrawn for the higher education of the daughter.
This way you will get more than 1.5 million
After opening an account in this scheme, if you deposit 3 thousand rupees every month, then in a year your 36 thousand rupees will be deposited. Now, after 14 years, after 14 years, you will get Rs 9,11,574, according to compounding of 7.6% per annum. This amount will be around Rs 15,22,221 at 21 years i.e. maturity. Right now interest is being given at the rate of 7.6 percent in Sukanya Samriddhi Yojana.
Penalty will have to be paid if the money is not deposited
Under this scheme, a minimum of Rs 250 has to be deposited every year. If the money is not deposited, the account will be closed and can be revisited with a penalty of Rs 50 per year along with the minimum amount required for the deposit for that year. Reactivation can take place up to 15 years after the account is opened.
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