Post Office SSY Scheme: At present, everyone is planning to invest. The reason for this is to secure the future of oneself and one’s family. Actually, due to rising inflation, it has become very difficult to raise a family. Let us tell you that a great scheme is being run through the post office, through which you can secure the future of your daughter. The post office has many savings schemes that give good returns even in small investments. One of the best schemes among these is the Sukanya Samriddhi Yojana. This has been created to secure the future of daughters. By investing in this scheme, you can also secure the future of your daughter.
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What is the Sukanya Samriddhi Yojana?
For information, the Sukanya Samriddhi Account is a government savings scheme, in which parents or guardians can open an account in the name of their daughter below 10 years of age. Talking about investment, in this scheme, you can deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh every year. Along with this, compound interest is also available in the scheme. The special thing about this scheme is that the entire amount received on maturity is tax-free. Along with this, the amount deposited in the scheme is tax-free under Section 80C of the Income Tax Act.
Deposit this much per month and get lakhs
At the same time, if a parent invests about Rs 12,500 every month in this scheme, then on completion of 21 years, they can get an amount of about Rs 69.32 lakh. This can prove to be very helpful in big expenses like higher education or the marriage of their child.
How to open an account in the name of a daughter?
If you want to open an account in the name of your daughter, then you can easily open this account by going to your nearest post office or any bank branch. For this, you should have some important documents, which include the daughter’s birth certificate, the guardian’s identity card, like Aadhaar card, PAN card, along a residence certificate is required. After having all these documents, you can easily open an account in the scheme.
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When and how much money can be withdrawn?
Under this scheme, when the daughter turns 18 years old or passes 10th class, then 50 percent of the deposit amount can be withdrawn from this account for her education or marriage. The remaining amount can be withdrawn after completion of 21 years from the beginning of the account.