The daughter is always the pride of our home. The courtyard is always nailed to his delight. Today is National Girls’ Day on Sunday. It may be noted here that the Government of India started celebrating National Children’s Day in the year 2008. If you have a little girl in your house, then the Government of India has a wonderful scheme for you. The Modi government’s Sukanya Samriddhi Yojana (SSY) is a very popular scheme. The scheme is designed keeping in view the secure future of the daughters. Sukanya Samriddhi Accounts is the highest paid scheme of the post office. In this scheme, you will need Rs. 250 just to open an account and later you will get lakhs of rupees as compensation.
The current interest rate on the Sukanya scheme is 7.6 per cent
The current interest rate on the Sukanya scheme is 7.6 per cent. No post office scheme earns so much interest. In addition to the post office, the benefit of this scheme can be availed under government or private bank and other government schemes. The important thing about this plan is that it has a maturity of 21 years, but parents only have to invest 14 years.
250 is enough to open an account
You will get three times the profit on maturity of the amount you have invested in this plan. Through this scheme, at an annual rate of 7.6 per cent, Rs. Up to Rs 64 lakh can be collected. The Sukanya Samrudhi Yojana was launched in 2014 to promote girls’ education. The purpose of this scheme is to easily meet the expenses of education of daughters and their marriage.
Rs 250 is enough to open an account of Sukanya Samrudhi Yojana. To open accounts, one has to go to the post office and get the form. A daughter’s birth certificate is required for this. Parent ID proof is also required. Inside which PAN card, ration card, driving license, passport can be attached with any documents. Parents also have a valid driving license, passport, electricity bill or ration card for proof of address.
Your account will be opened after verification of your documents by the bank or post office. The account holder is also given a passbook after opening the account. A minimum of Rs 250 per annum can be deposited in Sukanya Samrudhi Yojana. Earlier the annual monthly deposit was Rs.1000. A minimum of Rs 250 and a maximum of Rs 1.50 lakh can be deposited under this scheme.
Will triple the profit
At present, the interest rate on Sukanya Samrudhi Yojana is 7.6 per cent. In which 1.50 lakh rupees will have to be deposited annually. If this interest rate remains unchanged and you deposit Rs 1.50 lakh per month for 14 years. So for 14 years Rs. Your total contribution on an annual investment of Rs 1.50 lakh will be Rs 21 lakh. At a combination of 7.6 per cent per annum, this amount is Rs. 37,98,225. This will be followed by an annual compounding return of 7.6 per cent for 7 years. At 21 years i.e. maturity this amount will be around Rs.63,42,589.
At what age will the daughter be able to operate the account?
The daughter was previously allowed to operate the account from the age of 10, but the new rules allow her to operate the account only when she is 18 years old. Until then the parents will operate this account. After the daughter turns 18, she will have to submit the required documents to the bank or post office where her account is open.
When can you withdraw money?
You cannot withdraw money before your daughter turns 18. The account matures at the age of 21. You get partial withdrawal facility after completing 18 years of daughter. This means you can only withdraw 50% of the amount deposited in the account. Unfortunately, if the child dies, the account will be closed immediately. In such a case the amount in the account will be given to the parents.