Under Sukanya Samriddhi Account, the same person can open an account, who is the father or guardian of a daughter below the age of 10 years. Public Provident Fund or PPF Like the account, a maximum of Rs 1,50,000 can be deposited, but the minimum amount that can be deposited every year in this account is only Rs 250. The most important thing about Sukanya Samriddhi Yojana is that it Is the highest interest earning government scheme, whose every account holder is paid interest at the rate of 7.6 percent every year, while the interest received in PPF is paid at the rate of 7.1 percent …
So, in this scheme, if the account is opened as soon as the girl child is born, then you will have to invest in it every year till the girl child turns 15, which can be a maximum of Rs 1,50,000. The best opportunity to earn is if you make this investment before 5th of April every financial year… In this way you will invest a total of Rs 22,50,000 in 15 years, and at the age of 21 When your daughter will get the maturity amount, it will be Rs.65,93,071, provided there is no change in the current interest rate… The interest component in this total amount will be Rs.43,43,071, and the most important aspect is that the daughter will not have to pay any tax on this entire amount (Rs 65,93,071)… By the way, keep in mind, the interest rate is revised by the government every quarter, so the account matures when the rate of interest changes. There can be some variation in the amount received by the daughter on maturity.
Come, let us explain to you with the help of a chart that when should you deposit in the account opened in the name of your daughter, so that your daughter can get the maximum amount. If a Sukanya Samriddhi account is opened in the branch, and the initial amount of Rs 1,50,000 is deposited in it, then on completion of one year, he will get an interest of Rs 11,400 at the rate of 7.6 percent, which will be equal to the total principal at the beginning of April next year. Will make the investment Rs 1,61,400, in which after depositing Rs 1,50,000 for the next year’s investment, the amount on which you will get interest in the second year will be Rs 3,11,400, and the annual interest on it will be Rs 23,666 … Similarly, if you keep depositing Rs 1,50,000 in the daughter’s Sukanya Samriddhi account every April for 15 years, you will get a total deposit of Rs 22,50,000, and then wait for the daughter to be 21 years old , when this account matures… for the next six years you will not invest anything in this account, and the interest will continue to be added to the daughter’s account every year, and On maturity, the daughter will get a total of Rs 65,93,071, which will be completely white money, and also completely tax free…
By the way, one more thing is worth knowing… the time your girl child turns 18, the account will be completely in her name, and she will be able to operate it… Also remember, the account is born to the girl child. Can be opened after 21 years of age but before she turns 10, so in that case the maturity will be on completion of 21 years of the account and not on the completion of 21 years of the daughter… but the account will be completely in her name It will happen only when she attains the age of 18 years.
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