Good news: Sukanya Samriddhi yojana gives a better return on small saving, know the interest rate and income

Sukanya Samriddhi Yojana (Symbol Photo)
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Sukanya Samriddhi Yojana: Good news in the new year, 7.6% interest will be available for your daughter on Sukanya Samriddhi Scheme

A special feature of the scheme (Sukanya Samriddhi Yojana) is that money is not required to be deposited for the entire 21 years, but it can be filled for 15 years. For so many years, you will have to deposit 9 lakh rupees if you deposit 60 thousand every year.

Sukanya Samriddhi Yojana, a special scheme being run for daughters, will continue to get an interest of 7.6 percent. Recently, the government had announced the interest rate of small savings schemes. In this announcement, the interest rate of many schemes including Sukanya Samriddhi was kept unchanged. In the last quarter also, an interest of 7.6 percent was being available in Sukanya Samriddhi Yojana, which will continue in this current quarter as well.

Sukanya Samriddhi Yojana is such a scheme in the name of daughters which gives an opportunity to earn more returns in fewer savings. If the daughter is younger than 10 years, then her account can be opened in the bank or post office. This scheme is a unique gift in itself, which can be started and gifted to your daughter. When the daughter is 18 years old, there will be no money-money tension for higher education expenses or marriage. Later, when the daughter grows up and starts earning, then she can use this account. If you want to give any gift or gift to the daughter in the new year, then Sukanya Samriddhi Yojana can prove to be the best scheme.

About the plan in detail

This scheme was started by Prime Minister Narendra Modi in 2015 under the 'Beti Bachao-Beti Padhao' campaign. If you look at other small and big savings schemes, then there is no return at this rate, that too on a small deposit like Rs.250. A limit of Rs 250 has been kept in a year which is the minimum. That is, you can deposit at least Rs 250 in this account. There is an exemption to deposit up to a maximum of Rs 1.5 lakh. The special thing is that the father who deposits money in Sukanya Samriddhi Yojana in the name of his daughter is given the benefit of tax exemption from the government. This means that on one hand the future of the daughter is secure and on the other hand the father gets the facility to save.

Understand with this example

It can be understood with an example. Suppose your daughter is 5 years old now and you have opened her Sukanya Samriddhi Yojana account. If you deposit 5 thousand rupees in his account every month, then 60 thousand rupees will be collected in a year. If the account is opened in 2021, then it will mature in 21 years i.e. in 2041 and the money deposited in the name of the daughter can be withdrawn.

How much money will be received on maturity?

There is a facility to withdraw money even before maturity, but with certain conditions. It would be better if the money is withdrawn at the maturity of the account. From this, the full interest is compounded by adding it. If you calculate 7.6 percent, then your daughter will get Rs 25,46,062 in 2041.

A special feature of the scheme (Sukanya Samriddhi Yojana) is that money is not required to be deposited for the entire 21 years, but it can be filled for 15 years. For so many years, you will have to deposit 9 lakh rupees if you deposit 60 thousand every year. On an amount of 9 lakhs, you get an interest of Rs 16,46,062. In this way, in the name of the daughter in 21 years, more than 25 lakh rupees are easily collected. This money can be spent on higher education or marriage.