Many schemes are being run by the Central Government. Through these schemes, the aim of the government is to benefit different classes. One of these schemes is Sukanya Samriddhi Yojana. Sukanya Samriddhi Yojana, run by the government, is a government-backed small savings scheme that helps parents secure their daughter’s future.
This scheme can be easily opened in the form of a savings account in the name of the girl child in the post office and specified private or public banks. The interest rates of Sukanya Samriddhi Yojana are declared quarterly.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana can be opened in the name of a girl child below 10 years of age. Presently the scheme is providing 7.6% interest on deposits. Sukanya Samriddhi Yojana was launched as part of the ‘Beti Bachao Beti Badhao’ campaign of the Government of India. Investment plan can be opened in the name of a girl child to help her guardian in meeting the financial needs including education and marriage.
This scheme is currently offering an interest rate of 7.6 per cent per annum. A person planning to invest in Sukanya Samriddhi Yojana can start the scheme any time after the birth of the girl child till the age of 10 years with a minimum deposit of Rs.250. At the same time, in this scheme, an amount of up to Rs 1,50,000 can be deposited in a financial year.
Income Tax Exemption
On the other hand, if you are looking for any tax exempt scheme, then know the updates regarding Sukanya Samriddhi Yojana as well. You can also invest in this scheme for tax exemption. Through this scheme, people can take advantage of tax exemption under section 80C of the Income Tax Act.