Sukanya Samriddhi Yojana: open account for daughter and get Rs 67 Lakhs

If your daughter is 10 years old and you are not worried about her future, here is good news and great investment plan for your daughter. In this you can open your daughter’s account for future investment. Opening this account will remove all kinds of worries from daughter’s education to marriage. Narendra Modi government introduced Sukanya Samriddhi Yojana.

Sukanya Samriddhi Yojana has been launched by the central government especially for girls. It was started by the government in 2015. Under this scheme, if your daughter or sister is below 10 years of age, you can open an account and need to invest only Rs 250.

Tax benefit available in the scheme

At the same time, the investors in this scheme are given income tax benefits under Section 80C of the Income Tax Act. In such a situation, assume an investor invests Rs 10,000, then he withdraws Rs 1.20 lakh every year in 12 equal instalments.

Documents you need to open Sukanya Samriddhi Yojana Account are:

– SSY Account opening form

– Beneficiary’s birth certificate

– Address proof of the guardian or parents of the beneficiary

– Id proof of the guardian or parents of the beneficiary.

How to open a Sukanya Samriddhi Yojana account?

– Fill out the SSY Account opening form

– Keep the documents ready along with photographs

– Pay the deposit amount (any amount between Rs. 250 and Rs. 1.5 lakh will do)

– You can give a standing instruction at the branch or you can set up automatic credit to SSY Account through NetBanking.

Rs 67 lakh will get After Mature:

If you invest Rs 12,500 monthly after the birth of your daughter, then the total investment in 1 year will be Rs 1.5 lakh. In this way, an estimated fund of Rs 22.50 Lakhs has been collected in 15 years. At present, the government is charging interest at the rate of 8 percent for this scheme. According to this, Rs 44, 84,534 will be received as interest and get Rs 67 lakhs will collect when daughter matured.