government-backed financial savings scheme as a part of the “Beti Bachao, Beti Padhao Yojana” for the advantage of the woman baby. It may be opened by the mother and father of a woman baby under the age of 10. A Sukanya Samriddhi Account has a tenure of 21 years or till the woman baby marries after the age of 18. From April 2020, this scheme gives an rate of interest of seven.6% compounded yearly.
Sukanya Samriddhi Yojana 2021: Mother and father can now speak in confidence to two SSY accounts for women and a 3rd account may be opened in case of start of twins/triplets. Right here you will get a whole perception of the scheme, the way it works and what are the benefits-
The put up workplace pays an annual curiosity of seven.6 per cent on investments in Sukanya Samrudhi Yojana. Mother and father solely have to speculate 14 years on this plan. Maturity is then obtained on the age of 21 years. After 14 years, the closing quantity earns curiosity at an annual rate of interest of seven.6 per cent.
Funding in Sukanya Samrudhi Yojana may be began with a minimal of Rs.250. A most of Rs 1.50 lakh may be deposited in it. The woman must be under 10 years of age to avail this scheme. The rate of interest of this scheme is revised each three months. Accounts may be opened as much as 3 ladies below Sukanya Samrudhi Yojana. On this scheme you additionally get exemption below part 80C of the Revenue-tax Act.
Should you open an account in your daughter’s title on the age of 1, and deposit Rs 50,000 yearly, your daughter will get about Rs 21.21 lakh when the account matures at an rate of interest of seven.6 per cent.
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