Sukanya Samriddhi Yojna- SSY: Small savings schemes are a big attraction for every investor. These days many small saving schemes are being run by the government, which can be very beneficial for you. Big profits can be earned by investing a little money in them. If you do not have lump sum money, then you can make a good fund for the future by investing little by little.
One such scheme is Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojna- SSY). This scheme has been made to shape the future of the daughters of the country. If you also want to invest for your daughter’s marriage or her good education, then investing in Sukanya Samriddhi Yojana is a good option.
You can start investing with just Rs.250
Under this scheme, the guardian or parents of a girl child of 10 years or less can open an account. The cost of investment is also very less in this. One can start investing with just Rs.250. Up to a maximum of Rs 1.50 lakh can be deposited under this scheme.
How much interest
The interest in this scheme is also better than other schemes. At present, interest is being given in this scheme at the rate of 7.6 per cent per annum. If the maximum investment limit is Rs 1.50 lakh as the base, then monthly you have to pay Rs 12500 in this scheme.
If the same interest rate remains the same, then after investing continuously for 14 years, your total principal amount becomes Rs 22.50 lakh. On maturity, you can get Rs 63.65 lakh. In this way you got a profit of Rs 41.15 lakh. Tax exemption benefits are also available in this scheme.
what is maturity period Although the maturity period of this scheme is 21 years, but money has to be deposited in it only for 14 years. Interest continues to accrue for the rest of the year. The amount of money you invest in this scheme, you will get almost 3 times the return on maturity. The maximum amount that can be raised through this scheme at the current interest rates is Rs 63.50 lakh.
keep these things in mind In Sukanya Samriddhi Yojna (SSY), interest is paid only on the minimum balance available between the 5th and the last date of every month. This means that if you do not invest money in it before or before the 5th of the month, you will not get interest for that month. Let us tell you that the calculation of interest in the scheme is done on a monthly basis, but the entire interest is credited only on March 31, the last day of the financial year.