A few years ago, the Central Government had given the slogan ‘Beti Bachao, Beti Padhao‘, which had a wide impact. In fact, for decades, there have been some people in our society who have considered daughters a cause for concern, but many daughters have also continuously performed feats that bring glory to the country and their parents.
Well, today our daughters are bringing glory to the family and clan in every field, and there has been a change in the thinking, but many families still exist, where everything from the education and upbringing of the daughters to their marriage Parents are seen getting lost in the worries… To help such parents, there is a scheme of the Central Government, thanks to which if you save continuously for a few years, your daughter will be able to get a tax deduction of around Rs 72,00,000 as soon as she turns 21. She can become the mistress of free white money, which will be useful in shaping her future.
What is Sukanya Samriddhi Account…?
The name of this scheme, launched by the Narendra Modi government at the Center in its first term, is Sukanya Samriddhi Account (SSA), under which any Indian citizen can register for a post office or post office as soon as a daughter is born in her house. SSA account can be opened in the bank. After continuously investing in the SSA account for 15 years, one will have to wait for six more years, and as soon as the daughter completes 21 years of age, an amount of ₹ 71,82,119 will be seen deposited in her account.
Rules related to Sukanya Samriddhi Account
Under Sukanya Samriddhi Yojana, an account, i.e. Sukanya Samriddhi Account, can be opened only by the father or guardian whose daughter is 10 years of age or less. Like PPF or Public Provident Fund, a maximum of ₹ 1,50,000 can be deposited every year in this account, but the minimum amount that can be deposited every year in an SSA account is only ₹ 250. The biggest feature of Sukanya Samriddhi Yojana is that it is one of the highest interest paying schemes among the government schemes issued across the country today, whose account holders are given interest at the rate of 8.2 percent every year, whereas in PPF currently the interest rate is 7.1 percent. Interest is being given at the rate of percentage.
How to get maximum benefits…?
Now note, if you open an account under this scheme as soon as your daughter is born, then you will have to deposit the amount every year till the daughter turns 15, which can be a maximum of ₹ 1,50,000. There will be a chance to earn maximum interest in SSA only if you deposit this amount in the account before 5th April of every financial year. By depositing this amount every year for 15 years, you will accumulate a total of ₹ 22,50,000 in 15 years, and when the account matures when your daughter turns 21, she will get a total of ₹ 71,82,119, provided the current interest rate remains unchanged. Don’t be.
Maturity amount will be completely tax free
Remember, you had deposited a total of ₹ 22,50,000 in your daughter’s account in 15 years, and the interest share in the total amount received by the daughter will be ₹ 49,32,119. The most important aspect of this amount is that your daughter will not have to pay any tax on this entire amount (₹71,82,119). Yes, one thing must be kept in mind, the government revises the interest rate every quarter, hence, due to change in the interest rate, the amount received by the daughter at the time of maturity of the account may increase or decrease.
Understand the benefits of SSA through the chart
Now you should understand through a chart that when and how much amount should you deposit in the SSA account opened in your daughter’s name, so that the daughter can get maximum amount. If you open a Sukanya Samriddhi account in any post office or bank branch as soon as your daughter is born, and deposit the initial amount of ₹ 1,50,000 in it, then after completion of one year, it will get interest at the rate of 8.2 percent. You will get ₹ 12,300 as capital gain, which will make the total original investment at the beginning of April next year ₹ 1,62,300. Now, as soon as ₹ 1,50,000 of next year’s investment is deposited in this account, the amount on which you will get interest at the end of the second year will be ₹ 3,12,300, and the interest received on it will be ₹ 25,609.
