Winning Bizness Desk

Mumbai. Crores of countrymen have joined the Modi government's ambitious Sukanya Samridhi Yojana, brought for the daughter's higher education and marriage expenses. The government has given this information in the Lok Sabha that a total of 3,03,38,305 people have benefited from this scheme in the country. In response to a question asked in the Lok Sabha, Minister of State for Finance, Pankaj Choudhary told the House in writing that since the beginning of this scheme, more than 3.03 crore people are taking benefit from this scheme. Actually, if you have a daughter and you are worrying about the expenses on her marriage and higher education, then immediately start depositing money for her through investment. In this way you can create a big fund for the daughter. According to the experts, investing in Sukanya Samriddhi Yojana can prove to be the best option for you.

7.6% interest

At present, 7.6 percent annual interest is being received on Sukanya Samriddhi Yojana. Recently, the government has set an interest rate of 7.6 percent for the period from July to September. This interest rate is higher than the interest rate given by banks, while your investment is completely safe due to the guarantee given by the government because the money deposited in it not invested in stock market. The biggest thing is that if you invest in Sukanya Samriddhi Yojana, then you also get the benefit of tax exemption under section 80C of Income Tax.

Account opening rules

In Sukanya Samriddhi Yojana, money has to be deposited for 15 years and after 21 years the scheme matures. You can invest a maximum of Rs 1.50 lakh in a financial year. And it is necessary to deposit at least Rs 250 every year or else a penalty of Rs 50 will have to be paid. If your daughter's age is 1 year or less than 10 years, then you can open a Sukanya Samriddhi Yojana account. On having two daughters, separate accounts can be opened in the names of both. Sukanya Samriddhi Yojana account can be opened in a bank or post office.

Make 60 lakh fund for daughter

Suppose your daughter is 1 year old and you open a Sukanya Samriddhi Yojana account for her. Suppose you keep putting 1.50 lakh rupees per year in the account continuously for 15 years, then on completion of 21 years, your daughter will get a total of 63,65,11 rupees. In which the principal part is Rs 22,50,000, then the interest on it will be Rs 41,15,11. At present, 7.6 percent interest is being given on Sukanya Samriddhi Yojana, but interest rates are likely to increase in the coming days. In such a situation, the benefit of the scheme may also increase.