Sukanya Samriddhi Yojana: Taking care of the better future of girls, the government started Sukanya Samriddhi Yojana, in which huge returns will be available on 15 years of deposit.
Sukanya Samriddhi Yojana Scheme: Parents want to get everything for their children according to their ability, which they are entitled to. But in this era of inflation, their wish is not fulfilled many times. In today’s time, education from school fees to college is becoming expensive. In such a situation, taking care of the bright future of children, there is a need to invest wisely in advance.
Money is deposited in Sukanya Samriddhi for 15 years
The government started Sukanya Samriddhi Yojana (SSY) in the year 2015 to encourage the education of daughters. This is a special deposit scheme, which aims to financially assist the parents of girls for their education and marriage. At the time of maturity, both its principal amount and the interest received on it are tax free.
To avail the scheme, one can apply in post office or public sector banks including HDFC Bank, Axis Bank and ICICI Bank. Parents can invest in this scheme for girls aged 10 years or less.
The minimum amount to invest in it is Rs 250 per year and the maximum is Rs 1.5 lakh. Money can be deposited in it for 15 years. However, the lock-in period is 21 years. That is, the deposit amount will mature after 21 years. If the account holder (girl) gets married before the maturity period, then in this situation the account will be closed.
Activate the default account like this
According to the guidelines of the scheme, one account can be opened in the name of a single girl child and two accounts for two different girls of the same family. However, in case of twins or triplets, more than two accounts can be opened.
If someone is unable to deposit even the minimum of Rs 250 in the account in a year, then the account will be considered as default. To reactivate it, you will have to pay Rs 250 within 15 years of opening the account and an additional Rs 50 for each period for which you have not been able to pay the annual amount.
You will get huge returns on the deposit amount
The interest rate on this is the highest compared to any fixed deposit. In the October-December quarter of this year, the scheme has given a return of up to 8.2 percent. If you deposit Rs 3,000 every month for 15 years in this scheme, then on maturity you will get Rs 1,43,642. This means that a total investment of up to Rs 45,000 in 15 years will give a return of Rs 98,642.
