Everyone needs a satisfied and strong future for their children. Father and mom in particular are additionally involved in how to proceed for the daughter. Individuals invest far and wide for the daughter’s good future.
However, a lot of funding avenues are closed as a result of the Corona disaster. In such cases, many individuals are within the curiosity to invest in the upcoming tomorrow.
There is no desire to take stress for such people anymore. You will be able to spend money on a scheme where you get higher returns than various schemes and the most important factor is that your cash is completely safe. Sukanya Samriddhi Yojana is being mentioned here.
Sukanya Samriddhi Yojana is a scheme of the officials of India. The federal government has launched this scheme for the welfare of daughters. In this plan, you can possibly spend money on your child’s schooling or his marriage. Certainly, the cash invested in this scheme cannot be used in any other way.
What is the Rate of Interest
Interest rates on financing in Sukanya Samriddhi Yojana are higher than those of various schemes. Currently, the scheme is receiving 7.6 p.c queries annually. In this scheme, the rate of interest remains at the time of opening the account. At the same price, you become curious about your entire wealth.
How much are you able to invest
Under Sukanya Samriddhi Yojana, a minimum of Rs 250 and a maximum of Rs 1.50 lakh can be deposited in 12 months. A father or mother can open an account under Sukanya Samriddhi Yojana within the identity of most 2 daughters.
Under this scheme, the father and mother have to take a position for only 15 years. While the maturity of the account is 21 years. You will get full quantity at maturity.
Benefit of Tax Exemption
Tax exemption can be availed under Part 80C of the Income Tax Act for the use of cash under Sukanya Samriddhi Yojana.
Central authorities have given a major shortfall for those who open accounts under Sukanya Samriddhi Yojana. Now between 25 March to 30 June 2020, there is no difference that the daughters are completing 10 years of age.
An account can be opened for them under this scheme. As a result of the lockdown, never mind dad and mom were not able to open their daughter’s accounts on this plan, now they will only open it till 31 July.
Based on earlier guidelines, only daughters who have completed 10 years of age were allowed to open accounts under Sukanya Samriddhi Yojana.