Sukanya Samriddhi Account benefits and more details here

Sukanya Samriddhi Account benefits and more details here

Sukanya Samriddhi Yojana (SSY) is one of the best schemes where you can invest as little as Rs 250 per month to financially secure the future of your daughter. The scheme currently provides 8.5% interest, which is compounded annually.

You can invest up to Rs 1.5 lakh in a financial year in the SSY account opened in the name of your girl child. Moreover, you can also claim tax benefits under Section 80C on the invested amount. By saving a very small amount daily and investing them in the SSY account on a monthly basis, you can accumulate a big lump sum. Here’s a look:

– By saving just Rs 35/day, you would be able to invest Rs 1050/month in the SSY account. At the current rate of interest, your Rs 35/day will turn into over Rs 5 lakh upon maturity.

– Similarly, by saving just Rs 100/day, you would be able to invest Rs 3000/month in the SSY account. At the current rate of interest, your Rs 100/day will turn into over Rs 16 lakh upon maturity.

– By saving Rs 200/day, you would be able to invest Rs 6000/month in the SSY account. At the current rate of interest, your Rs 200/day will turn into over Rs 33 lakh upon maturity.

– By saving Rs 300/day, you would be able to invest Rs 9000/month in the SSY account. At the current rate of interest, your Rs 300/day will turn into over Rs 50 lakh upon maturity.

The SSY account can be opened in the name of a girl child till she attains the age of 10 years. You can open only one account in the name of a girl child at a Post office, or at branches of authorised banks. You need to submit the birth certificate of the girl child in whose name the account is to be opened……….Read More>>

 

Source:- zeebiz

Share:

Comments are currently closed.