SUKANYA SAMRIDDHI YOJANA

 

As a part of Beti Bachao Beti Padhao campaign Introduced by Prime Minister Narendra Modi, Sukanya Samriddhi Yojana helps you to create wealth for your daughter, for their education and marriage expenses.

SUKANYA SAMRIDDHI YOJANA Features

• You get fixed interest rate of 9.1% along with tax benefits.
• Matures exactly after 21 years from the opening date or when your daughter gets married, whichever is earlier.
• The interest plus the maturity amount is Tax Free!
• Minimum investment needed is Rs.1000

• Eligibility:Parents or the legal guardians of a girl child, who is upto 10 years of age, can open the account in the girl's name. Up to December 1st 2015, if the girl child was born on or after December 2, 2003, a grace period of 1 year was given for the account to be opened.
• Interest rates:The interest rate fixed under this scheme is 9.1% along with tax benefits. However, this rate is subject to change every financial year.
• Maturity:This account matures exactly after 21 years from the date the account was opened or when the girl gets married, whichever is earlier.
• Deposit:the minimum amount that can be invested in this account is Rs. 1000/- and maximum amount is Rs. 150000/-. The deposit is to be made for only 14 years, you do not have to deposit any amount after that. However, the amount in the account will earn on the applicable interest rates, till the remaining 7 years or till the girl gets married.
• Tax:At the time of launching this scheme, the deposits in the account could be claimed as deductions, under section 80C. But this year, the interest as well as the maturity amount received is tax free. Though these benefits will be reassessed every year

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

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