Earlier in 2015, the central government launched the Post office Small Savings Scheme for girl Child Welfare. The scheme allows a guardian to open a post office account in the name of a girl child under 10 years of age. Under sukanya Samriti Yojana, the minimum amount one can deposit in a financial year is Rs. 250, maximum Rs. 150,000. Deposits can be made in the scheme till completion of 15 years from the date of account opening. Offering an interest rate of 8 percent annually, this scheme has emerged as a good option over the years. Along with this, it also qualifies for tax deductions under Section 80C of the Income Tax Act. Investing just Rs.177 per day for 15 years, this scheme will help you accumulate Rs.30 lakhs at maturity.
Under this plan, you can get Rs. 176.71 per month or Rs. 5,375 invested, your annual contribution will be Rs.64,500. Since you deposit the money for 15 years, the total deposit amount will be Rs.9,67,500. Meanwhile, this amount will earn a compound interest of Rs.20.34 lakh. At maturity, after 15 years, your total return from the scheme will be Rs. 30.01 lakh will be. The calculation is done according to the current interest rate of 8 percent. Rates are subject to change and calculation may change accordingly. sukanya Samriti Yojana Minimum Amount
The minimum amount that can be deposited under this scheme in a financial year is Rs.250. Deposits can be made in lump sum or in several installments. If a person fails to deposit the minimum amount of Rs.250 in a financial year, his account will be considered in default. A delinquent account shall be settled within 15 years from the date of opening of the account by a minimum of Rs. Can be renewed on payment. The current rate of interest (compound) is 8 percent per annum. The new rate came into effect from July 1. Although the interest earned is not taxed, it is credited to the account at the end of each financial year.
Sukanya Samriti Yojana Age Limit:A guardian can open an account in the name of a girl child below 10 years of age. Account can be opened for maximum two girls in a family. Twins / triplets., more than two accounts are allowed to open.
Sukanya Samriti Yojana: Withdrawal:
One can withdraw money from the account after the girl child turns 18 or passes 10th standard. A maximum of 50 percent can be withdrawn at the end of the previous financial year. One can withdraw in lump sum or in installments. Withdrawal shall be for a maximum period of five years not exceeding one year subject to the specified ceiling and actual charges/other charges.
Under this plan, you can get Rs. 176.71 per month or Rs. 5,375 invested, your annual contribution will be Rs.64,500. Since you deposit the money for 15 years, the total deposit amount will be Rs.9,67,500. Meanwhile, this amount will earn a compound interest of Rs.20.34 lakh. At maturity, after 15 years, your total return from the scheme will be Rs. 30.01 lakh will be. The calculation is done according to the current interest rate of 8 percent. Rates are subject to change and calculation may change accordingly. sukanya Samriti Yojana Minimum Amount
The minimum amount that can be deposited under this scheme in a financial year is Rs.250. Deposits can be made in lump sum or in several installments. If a person fails to deposit the minimum amount of Rs.250 in a financial year, his account will be considered in default. A delinquent account shall be settled within 15 years from the date of opening of the account by a minimum of Rs. Can be renewed on payment. The current rate of interest (compound) is 8 percent per annum. The new rate came into effect from July 1. Although the interest earned is not taxed, it is credited to the account at the end of each financial year.
Sukanya Samriti Yojana Age Limit:A guardian can open an account in the name of a girl child below 10 years of age. Account can be opened for maximum two girls in a family. Twins / triplets., more than two accounts are allowed to open.
Sukanya Samriti Yojana: Withdrawal:
One can withdraw money from the account after the girl child turns 18 or passes 10th standard. A maximum of 50 percent can be withdrawn at the end of the previous financial year. One can withdraw in lump sum or in installments. Withdrawal shall be for a maximum period of five years not exceeding one year subject to the specified ceiling and actual charges/other charges.
