Sukanya Samriddhi Yojana: If you have a daughter. Or if you are the parents of a daughter, then you must be worried about her future. In such a situation, it is considered very important to invest in Girl Child at the right place after her birth. If you do this, then you will not have to face any kind of problem. If you are planning to invest for the bright future of your beloved, then Sukanya Samriddhi Yojana will prove to be a great investment option. The Modi government of the Center started this scheme in 2014. This scheme was specially made for the girl child. In this news, we are going to tell you that from 2014 to 2023, the interest in this scheme has decreased somewhat, but even today this scheme is much better than others in terms of returns.
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long term investment
Sukanya Samriddhi Yojana It works like a government small saving scheme. In this, you can be successful in raising huge funds for your daughter’s higher education and marriage. Due to the maturity period of 21 years, it is considered a long term investment. Also, it gives you a lot of boost.
Interest reduced so much in 9 years
In the scheme started in the year 2014 by the Central Government, since then till now the interest received has decreased by 1.6 percent from its high level. Even after this, it is included in the list of most attractive schemes in small savings. You get tax exemption on the investment made in Sukanya Samriddhi Yojana. Also, the returns from it are also tax free. At the same time, investment is made in it only for 15 years, while for the rest of the time you get good interest from the government.
Interest reduced from time to time
It may be known that Sukanya Samriddhi Yojana came to the general public in 2014. Then on April 1, 2014, 9.1 percent interest was available, in the next year it increased to 9.2 percent on April 1, 2015. In the year 2018, the government increased it to 8.5 percent. After this, it stood at 8.4 per cent on 31 March 2020, while it came down to 7.6 per cent for the quarter ending 30 June 2020. Since then till now i.e. in 2023, interest is being given on it at the rate of 7.6 percent.
Tax exemption is available in 3 ways
Sukanya Samriddhi Yojana is a tax free scheme. You get the facility of EEE i.e. tax exemption at 3 different levels on this. In this, under Section 80C of the Income Tax Act (Section 80C of the Income Tax Act), up to 1.50 lakh annual investment is exempted. Secondly, there is no tax on the returns received from it (Free Tax on Returns). Also, the amount received on the third maturity is also tax free.
High returns will be available in the scheme
Currently, the interest rate in Sukanya Samriddhi Yojana is 7.6 percent per annum. Better interest is being given in this scheme than many types of deposits. Its maturity is 21 years, while the investment is to be made for 15 years only. You get interest for the rest of the year. The amount invested by you in this scheme, as well as the return on maturity is available up to 3 times. Through this scheme, maturity value up to Rs 64 lakh is available on the maximum annual deposit of Rs 1.50 lakh at the current interest rates.
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