SSY-Sukanya Samriddhi Yojana: Under the scheme Sukanya Samriddhi Yojana of the Central Government, along with tax exemption, interest rate of 7.6 percent is being received till 31 March 2021. This is the highest interest compared to any government scheme.
If you have also opened Sukanya Samriddhi account for your daughter’s good future, then the last date for depositing money in the account is 10 days i.e. March 31. After this you will have to pay a penalty on it. Experts say that a minimum of 500 rupees and a maximum of 1.5 lakh rupees can be deposited in a Sukanya account during a year. Let’s know the important things related to it…
Why it is important to deposit money in 10 days
Experts say that Sukanya Samriddhi Yojana is a very popular scheme of the government for daughters. Its account can be opened for just 250 rupees. But to keep the account running, it is necessary to deposit at least 500 rupees every year.
If this amount is not deposited then it is considered as a default account. In this case, this account becomes inactive. It is easy to activate it again. For this, again you have to go to your bank, post office (wherever the account is opened). Now the question arises here how to activate the account?
Learn how to activate Sukanya Samriddhi account
According to the information given on the website of the post office, if someone’s account becomes inactive, then the customer has to go to his branch of the post office.
After that, you will have to fill a form to start an account again. Also, arrears will also have to be paid. All those years will have to be repaid. Those who have not received the minimum payment.
Suppose if your account has not been running for two years. So you have to pay a minimum amount of 500 rupees and 100 rupees as penalty for two years. In total, 600 rupees will have to be paid. After doing this, your account will be activated again.
15 lakh rupees will be available easily
The current quarter of this fiscal year is ending on 31 March. After this, new interest rates will be applicable again from April 1. Experts say that this interest may continue in the next quarter.
In such a situation, someone invests 3000 rupees or 36 thousand annually every year for 14 years. In 14 years, this amount will be Rs 9,11,574, according to compounding of 7.6% per annum.
After this, for 7 years, this amount will yield 7.6 percent annual compounding. This amount will be around Rs 15,22,221 at 21 years i.e. maturity.
Monthly investments of Rs 12500 or Rs 1.50 lakh annually (maximum amount). You have to do this for 14 years. In 14 years, this amount will be Rs 37,98,225, according to compounding of 7.6% per annum.
After this, for 7 years, this amount will yield 7.6 percent annual compounding. This amount will be around 63,42,589 rupees on 21 years i.e. maturity.