Sukanya Samriddhi Yojana: Invest in Sukanya Samriddhi Yojana for the bright future of your daughter, help in higher education and marriage

We should always focus on saving for ourselves and our family's golden future. The best option will be that we should get into the habit of saving and investing at the start of the job. This savings helps us in big expenses in future. The government of India has introduced many such savings schemes in which people have also shown a lot of interest. But in this post today, we are going to talk about a very interesting scheme which is related to the life of all of us and our dear daughter. 

Yes, we are talking about Sukanya Samriddhi Yojana. The Government of India had initiated a similar scheme to ensure a bright future for daughters. The name of this scheme is Sukanya Samriddhi Yojana. This scheme is for daughters. Under this scheme, parents can open an account in the name of their daughter, younger than 10 years. This account can be opened by going to the post office or any bank. By investing in this scheme, parents can raise their daughter's higher education and wedding expenses.

 Sukanya Samriddhi Yojana Interest Rate

In Sukanya Samriddhi Yojana, the government fixes the interest rate for this scheme at the beginning of every quarter. The current interest rate on this scheme is 7.6 percent. This compound annual interest rate. If a person starts investing in this scheme when his daughter is young, then he can invest in this scheme for 15 years. This account can be opened for a maximum of two daughters of a family.

 Investment amount in Sukanya Samriddhi Yojana

 According to the website of India Post, this account can be opened with a minimum amount of Rs 250. Any person can invest in this scheme from a minimum of Rs 250 to a maximum of Rs 1.5 lakh in a year. Rupees can be deposited in this fund any number of times in a year, provided the total deposits in a financial year do not exceed Rs 1.5 lakh. The amount can be deposited in a lump sum or in installments in this account. Funds can be deposited in the account till the completion of a maximum of 15 years of account opening. Interest will be deposited in the account at the end of every financial year. Interest received in this scheme is tax-free.

Income tax exemption under Sukanya Samriddhi Yojana

 You can make partial withdrawals when a daughter passes 10th grade or is 18 years old. This scheme requires a total investment of up to 15 years. At the same time, the duration of maturity is 21 years. In Sukanya Samriddhi Yojana, income tax exemption is available for investments up to Rs 1.5 lakh every year. Any parent investing in this scheme can get the benefit of exemption under section 80C. Under this scheme, income tax exemption is also available on the amount of interest income and maturity.

 How to apply online for Sukanya Samriddhi Yojana

 Authorized bank for Sukanya Samriddhi Yojana

 There are many banks authorized by the Reserve Bank of India (RBI) to open Sukanya Samriddhi Yojana accounts. Users can open a Sukanya Samriddhi Yojana account in any of the following banks and avail of this scheme.

• Axis Bank
• Bank of Baroda Bank
• Vijaya Bank
• Dena Bank
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Syndicate Bank
• Central Bank of India
• Indian Bank
• Indian Overseas Bank
• Punjab and Sind Bank
• Punjab National Bank
• State Bank of India
• UCO Bank
• Union Bank of India

 Sukanya Samriddhi Yojana 2021 Account Opening Application Form

• Interested beneficiaries who want to apply for opening a savings account under this scheme, they must first download the Sukanya Samriddhi Yojana Account Opening Form.

• After this, the application form will have to be filled with all the necessary information. After filling in all the information, all the necessary documents will have to be attached to the form.

• Then the application form and documents have to be submitted along with the amount to the desired bank and post office