Last Updated on June 11, 2021 by Bansari
People think of taking a cheap and good investment policy as soon as their daughter is born. The reason behind it is that they want a bright future for their daughter. So that there is no hindrance in teaching and getting married. This is the reason why the government is running many schemes for a better future for the daughters. In such a situation, if you too are preparing to make a small investment for the bright future of your valiant daughter, you can open an account in Punjab National Bank under Sukanya Samrudhi Yojana. With just Rs 250 investment in PNB, you will be able to save a huge amount till your daughter’s marriage and her education. Let’s find out now –
Important matters pertaining to this scheme
If you have a PNB. If you want to open a Sukanya Samrudhi account in, the minimum deposit should be Rs 250. While at most you can deposit up to Rs 1,50,000. This account will be maintained until the daughter turns 21 years old. If you wish, you can withdraw the maturity amount after the daughter turns 18 years old.
Account for two daughters of one family
P.N.B. In, an account can be opened for a maximum of two daughters of a family. Under this scheme, a parent or guardian can open only one account in PNB in the name of a daughter. Daughter must be under 10 years of age.
At maturity, you will get over Rs 15 lakh
Let me tell you that if you invest Rs. 3000 per month in this scheme, i.e. after depositing Rs. 36000 per annum, after 14 years you will get Rs. 9,11,574 at an annual compounding rate of 7.6 per cent. At 21 years i.e. maturity, this amount will be about Rs. 15,22,221. It may be mentioned that at present SSY was offering interest at the rate of 7.6 per cent which is with income tax exemption.
These documents will have to be provided for account opening
Sukanya Samrudhi Yojana account can be opened from any branch of PNB. Sukanya Samrudhi Account Opening Form, Daughter’s Birth Certificate, Identity Card of the Depositor (Parent or Guardian) such as PAN Card, Ration Card, Driving License, Passport etc. You can also use net-banking to deposit money.