By investing in Sukanya Samriddhi Scheme, you can easily meet your daughter’s higher education and wedding expenses. Under this scheme, returns can be found on the completion of 21 years of the daughter.
new Delhi. In today’s era of inflation, securing the future of daughters financially is one of the biggest responsibilities of parents. It is very important to make the future of your daughter as well as financial security. The government’s Sukanya Samriddhi Scheme 2020 has done a lot of work to improve the future of the daughter. You can easily meet your daughter’s higher education and wedding expenses by investing in Sukanya Samriddhi Scheme. Under this scheme, returns can be found on the completion of 21 years of the daughter. If you start investing in the scheme at a young age of your daughter, then you can invest in this scheme for 15 years. Let’s know how you can deposit 64 lakh rupees for the daughter.
Government gave big discounts to open new accounts
The government has announced some relaxation in eligibility criteria for opening Sukanya Samriddhi account. According to the new post office guidelines, Sukanya Samriddhi account can be opened on or before July 31, 2020 in the name of daughters whose age during the lockdown period from March 25, 2020 to June 30, 2020. 10 years have been completed. This exemption will help parents of daughters who could not open Sukanya Samriddhi account due to lockdown. Otherwise, Sukanya Samriddhi accounts can be opened only till the age of 10 years from the date of birth.
Sukanya Samriddhi Account Scheme 2020 Deposit
Up to a maximum of Rs 1.5 lakh can be deposited in any one account during a financial year. At the same time, the minimum deposit amount in a financial year is 250 rupees. This means that you can invest up to 1.5 lakh rupees and at least 250 rupees in a single account in a financial year. If a person accidentally deposits more than 1.5 lakh rupees in this account, this amount will not be calculated for interest. Also, this amount will be returned to the depositors’ account. This account can be deposited up to 15 years.
If minimum amount is not deposited in this account during a financial year, then it can be regularized during the period of 15 years. Can. For this, a penalty of 50 rupees will have to be paid every year.
How much interest is getting
Sukanya Samriddhi Yojana is currently receiving interest at the rate of 7.6 percent. In this scheme, at the time of opening the account, the interest rate remains, at the same rate, the interest is received during the entire investment period. The government has not changed the interest rates for the July-September quarter on the investment made in all Small Saving Schemes, including the Post Office Saving Account (Interest Rates Unchanged).
64 lakh rupees will be available on maturity
According to the current interest rate, if 1.5 lakh rupees is deposited in every financial year for 15 years, then the total amount deposited by you will be Rs 22,50,000 and the interest on it will be Rs 41,36,543. However, this account will be matured after the completion of 21 years. In such a situation, interest will be paid on the amount deposited on account. For 21 years, this amount will increase to about 64 lakh rupees with interest. You have to keep in mind that the central government decides the interest on Sukanya Samriddhi Yojana every quarter. In such a situation, the interest rate can be changed several times till maturity.