Post Office Kanya Sukanya Yojana: Investment in various schemes of the post office is still popular. No matter how much the stock market and mutual funds come, most people are still more interested in safe investments. The returns on investment in bank FDs and government schemes are relatively low. But the returns are practically guaranteed. As a result, most people are interested in investing in various government schemes. Today you will know about a government scheme where you will get tax exemption along with good returns.
Kanya Sukanya Yojana
This scheme is for those who have daughters. Girls aged 10 years or below can invest in this scheme. Under Sukanya Samriddhi Yojana, a minimum of Rs 250 has to be deposited annually. A maximum of Rs 1.5 lakh can be deposited.
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The biggest advantage of Sukanya Samriddhi Yojana is that among all the government schemes, it has one of the highest interest rates. You will get interest at the rate of 8.2% per annum. If you can invest continuously, you can get a return of more than Rs 71 lakh at the time of maturity.
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What is Kanya Sukanya Yojana?
Under this scheme of the central government, any Indian citizen can open an account in the name of his daughter. This scheme can be opened at any post office branch. Under this scheme, you can invest for a total of 15 years. Then you will get the full amount after the daughter completes 21 years.
Some special features of this scheme
The government adjusts the interest on the Sukanya Samriddhi Yojana account every quarter.
The maturity amount can change depending on the increase or decrease in interest.
The SSY account should be deposited before April 5 every year.
If your daughter is more than 0 years old at the time of opening the account, then your daughter will get the maturity amount when the account completes 21 years. Not when the daughter turns 21.
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How to get Rs 71 lakh?
Under this scheme, you will get the highest benefit by depositing Rs 1.5 lakh annually for 15 years. You will get maximum returns on SSA only if you deposit this money in the account before April 5 of every financial year. If you deposit the money for 15 years, a total of ₹ 22,50,000 will be deposited. After maturity, you will get ₹ 71,82,119. You will get a total of ₹ 49,32,119 as interest. This amount received after maturity will be completely tax-free.