If you want to collect money for your daughter's marriage or her education, in this situation Sukanya Samriddhi Yojana is a good option for investment. At present, by investing in this scheme you are getting an interest rate of 8.2 percent. This interest rate is the highest among small savings schemes. The special thing about Sukanya Samriddhi Yojana is that by investing in this scheme you also get income tax exemption. This scheme comes under the EEE (Exempt - Exempt - Exempt) category, hence by investing in this scheme, you can also get a rebate of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961. Apart from this, you do not have to pay any tax on the principal amount and returns received by the daughter at the time of maturity.
In this scheme, you have to invest money for 15 years after opening your daughter's account. This scheme becomes mature after 21 years of account opening. In this scheme, there is also an option to close the account and withdraw money after the daughter turns 18 years.
In this series, today we are going to tell you about the mathematics with the help of which you can collect around Rs 70 lakh to secure the future of your daughter.
If you save Rs 12,500 every month in Sukanya Samriddhi Yojana and invest Rs 1.5 lakh annually for 15 years. If you calculate the current interest rate at 8.2 percent, you will get around Rs 70 lakh at the time of maturity after 21 years.
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The interest rates of Sukanya Samriddhi Yojana are revised every quarter. The special thing about Sukanya Samriddhi Yojana is that by investing in this scheme you do not have to face any kind of market risks. Your money invested in this scheme remains completely safe.
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