Government is giving a chance to get ₹ 65 lakh on the birth of a daughter. Know what is this superhit scheme of Beti Bachao-Beti Padhao:

News India Live, Digital Desk: The Central Government’s Sukanya Samriddhi Yojana (SSY) has become the most reliable investment vehicle for middle class families today. The main objective of this scheme is to create a big fund for the higher education and marriage of daughters. If you want to financially secure your daughter’s future, this scheme can also make you a millionaire.

What is the mathematics of ₹65 lakh? (The calculation)

Often headlines mention ₹65 lakh. Let us know how you can get this amount:

Annual Investment: If you deposit the maximum limit in this scheme i.e. ₹1.5 lakh annually (approximately ₹12,500 per month).

Interest Rate: Currently the government is on this 8.2% Offering attractive interest rates of Rs. (which may change from time to time).

Investment Period: You have to deposit money for 15 years.

Maturity: On completion of 21 years, with the power of compound interest, your total deposit amount and interest together will be approximately ₹65 lakh to ₹70 lakh Can be between.

Key Features of Sukanya Samriddhi Yojana:

Who can open an account? Parents or legal guardians can open this account in the name of a daughter below 10 years of age.

Minimum and Maximum Investment: you minimum in a financial year ₹250 and maximum ₹1.5 lakh Can deposited.

Tax Benefit (80C): You get exemption under Section 80C of Income Tax on the amount invested in this scheme. Additionally, the interest and maturity amount received is also completely tax-free.

When can I withdraw money? 50% of the amount can be withdrawn for higher education once the daughter attains 18 years of age. The entire account matures after 21 years.

How to open an account?

you near me Post Office or any authorized Government/Private Bank You can open Sukanya Samriddhi account by going to. For this, documents like birth certificate of the daughter, Aadhar card of the parents and PAN card are required.

Caution: Avoid misleading information

Many times claims of getting free money are made on social media. Keep in mind, this is a savings plan Where the government gives guaranteed interest on the money you deposit. This is not a ‘free cash’ scheme.