This scheme was started under the Beti Bachao, Beti Padhao campaign and attractive interest rates and tax benefits are given by the government on investment in it. If you also want to make your daughter’s future bright and make her happy and prosperous, then you have to deposit only Rs 3000 monthly under this scheme. After doing this, your daughter will get Rs 10 lakh. Let’s know its method.

Investment plan to get Rs 10 lakh under the scheme

If you want to create a corpus of Rs 10 lakh for your daughter, you will have to make regular monthly investments in Sukanya Samriddhi Yojana. The current interest rate of this scheme is 8% (January-March 2024), which is revised by the government from time to time.

Calculating monthly investment to create a fund of Rs 10 lakh

A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be invested annually in Sukanya Samriddhi Yojana. If you want your daughter to get Rs 10 lakh on maturity, you will have to deposit a fixed amount every month.

• Scheme tenure: Investment for 15 years and maturity in 21 years
• Interest Rate: 8% p.a. (including compound interest)
• Monthly investment: Rs 3000 to Rs 3500
• Total investment amount: Rs 5,40,000 (over 15 years)
• Total return after 21 years: More than Rs 10 lakh

Invest like this

• SSY account can be opened for 10 years from the birth of the daughter.
• You can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually.
• In this scheme, money has to be deposited for 15 years, after which interest continues to be received for 6 years.
• After completion of 21 years, the daughter gets Rs 10 lakh or more.

Benefits of SSY Scheme

• Bumper Returns: Better interest rate than PPF and FD
• Tax benefit: Investment, interest and maturity amount are tax exempted under section 80C
• Government Guaranteed Scheme: This is a government-backed scheme, hence safe and reliable.
• Funds for daughter’s education and marriage: The aim of the scheme is to make daughters financially capable.

You have to do this work

If you want your daughter to get an amount of Rs 10 lakh, then you have to invest Rs 3000 to Rs 3500 monthly in SSY. After investing regularly for 15 years, you will get an amount of more than Rs 10 lakh in 21 years. This scheme is an excellent option for long-term savings and bright future of daughters.

Related Articles:-

• Bank Downtime Intimation: This bank’s UPI and credit card will not work tomorrow, know the full details
• Zomato board approves company’s name change from ‘Zomato’ to ‘Eternal’
• Vande Bharat Sleeper: Trial of Vande Bharat Sleeper completed, big update came before running
• H-1B Visa Registration Opens March 7 With Massive Fee Hike | What You Need to Know
• New Income Tax Bill: ‘Tax Year’ will be used instead of Assessment Year, know what all is going to change

The post SSY Scheme: Deposit Rs 3000 monthly and get Rs 10 lakh for your daughter! know all details first appeared on Rightsofemployees.com.

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.

Also Read: New RTO Rules 2024: New rules will be implemented from June 1, Be careful otherwise you will have to pay a fine of Rs 25,000

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.

The post Govt super hit scheme: Your daughter will be 21, she will get ₹ 71.82 lakh, see calculator first appeared on Rightsofemployees.com.

To open an SSY account, it is necessary to deposit at least Rs 250. At the same time, up to Rs 1.5 lakh can be deposited in a year. Investment has to be made in the account for 15 years. SSY account matures in 21 years. However, when the daughter turns 18, money can be withdrawn for education or marriage.

You will get Rs 22 lakh by investing ₹50,000!

Suppose your daughter is 5 years old and you start investing from 2024. In such a situation, understand from this calculation how SSY is a profitable deal for you. If you invest ₹ 50 thousand annually, then you will have to invest the money in SSY till the year 2039. During this period you will invest a total of Rs 7,50,000. On this you will get only interest of ₹ 14,94,845.

When your daughter turns 18 (in the year 2042), you can withdraw some amount from the SSY account for education or marriage. At the same time, in the year 2045, the account will become completely mature and you will be given the investment amount and interest amount together which is ₹ 7,50,000 + ₹ 14,94,845 i.e. ₹ 22,44,845.

A big benefit of Sukanya Samriddhi Yojana is that investors can save tax under Section 80C of the Income Tax Act, 1961. To avail the benefits of Sukanya Samriddhi Yojana, parents must open an SSY account before their daughter turns 10 years old.

The post SSY Calculator: You will get Rs 22 lakh by investing ₹50,000! first appeared on Rightsofemployees.com.