Sukanya Samriddhi Yojana (SSY) is also included in the small saving schemes of the post office. Let us know about this scheme in detail.
Sukanya Samriddhi Yojana (SSY)
If you are thinking of investing in the coming days, then Post Office Savings Schemes (Saving Schemes) can do in. You definitely get good returns in these schemes. Also, the money invested in it is also completely safe. if bank default (Bank Default) If it happens, then you get back only the amount of Rs 5 lakh. but the post office (Post Office) I am not like that. Apart from this, investment in post office savings schemes can be started with a very small amount. Sukanya Samriddhi Yojana in Small Saving Schemes of Post Office (SSY) also includes. Let us know about this scheme in detail.
Rate of interest
The post office’s Sukanya Samriddhi Yojana currently offers an interest rate of 7.6 per cent per annum. This interest rate is applicable from 1st April 2020. The interest in this scheme is calculated and compounded on an annual basis.
A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be invested in this post office scheme during a financial year. After this the deposit will have to be made in multiples of Rs 50. Deposits can be made in a lump sum amount. There is no limit on the number of deposits in a month or a financial year.
Who can open account?
In this small savings scheme, a guardian can open an account in the name of a person who is less than 10 years of age. Apart from this, only one account can be opened in India in any bank or post office in the name of the girl child. This account can be opened for a maximum of two girl children in the family. In case of twins or triplets, more than two accounts can be opened.
The account under Sukanya Samriddhi Yojana will mature after 21 years from the date of opening. Apart from this, it can also be closed at the time of marriage after the girl child reaches the age of 18 years. It has to be done one month before or three months before the date of marriage.
- In this small savings scheme, deposits can be made till the completion of a maximum of 15 years from the date of account opening.
- If at least Rs 250 is not deposited in the account in a financial year, then the account will be considered as default.
- The default account can be revived before completion of 15 years from the date of opening. For this, the person has to pay a minimum of Rs 250 plus Rs 50 for every defaulting year.
- The amount deposited in this scheme can be claimed for deduction under section 80C of the Income Tax Act.