Sukanya Samriddhi Yojana 2023.
Sukanya Samriddhi Yojana 2023.
Sukanya Samriddhi Yojana 2023: Government of India has started many schemes to improve the future of daughters. Sukanya Samriddhi Yojana is also important in this. Sukanya Samriddhi Yojana Account is one of the best investment options targeted at parents of girl children. This scheme not only encourages parents to create a substantial corpus for their daughters, but also helps them to claim income tax deductions on their taxable income.
The scheme was launched by Prime Minister Narendra Modi in 2015 as a part of Beti Bachao, Beti Padhao campaign. Sukanya Samriddhi Yojana account can be opened in any post office branch or bank. Investment in this scheme can be started from just Rs.250. You can get Rs 65 lakh by depositing Rs 416 daily in the scheme. Sukanya Samriddhi Account currently offers an interest rate of 7.6 per cent.
Sukanya Samriddhi Yojana 2023: Calculator
Deposit amount – Rs 150000 per annum
Tenure: 15 years
Maturity Period: 21 years
Interest Rate: 7.6%
Maturity Amount: Rs 6593071
Total Investment Amount: Rs 2250000
Total interest earned: Rs 4343071
Benefits of investing in Sukanya Samriddhi Yojana
You can save up to Rs 1.5 lakh per year from your taxable income by investing in this scheme under Section 80C of the Income Tax Act. If you are planning to invest Rs 1.5 lakh in a plan to save your tax, then this is the first step you can take to save your tax. Another advantage is when the interest is credited on the amount invested, which is also tax free. The third is the entire corpus on maturity, which is also tax exempt.
Sukanya Samriddhi Yojana 2023: Age Limit, Eligibility
Parents or legal guardian of the girl child can open Sukanya Samriddhi account for their girl child below the age of 10 years. The account will mature on completion of 21 years from the date of opening of the account. However, if the girl is married after attaining the legal marriageable age of 18 years, the account can be closed prematurely. Parents are also allowed partial withdrawal with documentary proof to meet the educational expenses of their daughters after they attain the age of 18 years.
Sukanya Samriddhi Yojana 2023: Minimum and maximum investment amount
The minimum deposit amount for Sukanya Samriddhi Yojana is Rs 250 annually while the maximum amount is Rs 150000 per financial year. If you do not deposit the minimum value of Rs 250 in a financial year then you will be charged Rs 50 in a year.
