Sukanya Samriddhi Yojana Application Form
Sukanya Samriddhi Yojana (SSY) Form
Sukanya Samriddhi Yojana (SSY Account) is a highly beneficial Post Office small savings scheme that ensures your deposit is completely secure. This plan not only safeguards your investment but also offers attractive returns. The current yearly interest rate for the Sukanya Samriddhi Yojana stands at 8.5 percent, making it an ideal choice for parents looking to secure their daughter’s future.
The unique feature of this strategy is that you can potentially accumulate a significant sum of money through modest investments. By contributing the maximum permissible amount to this scheme, you could end up with approximately 64 lakhs upon maturity. This makes it a lucrative option for long-term savings. ЁЯТ░
Scheme Tenure
The tenure of the Sukanya Samriddhi Yojana is 21 years, requiring regular contributions from parents or guardians. For example, if you open the account when your daughter is four years old, it will mature when she turns twenty-five. Additionally, the scheme allows for the withdrawal of funds post the age of 18, specifically for the purpose of marriage or educational needs.
Benefits of Tax Exemption
One of the standout benefits of the Sukanya Samriddhi Scheme is the tax exemption provided under Section 80C of the Income Tax Act. This feature allows you to avail tax benefits on your investments. Furthermore, once your daughter turns 18, you can withdraw up to 50% of the invested amount to assist with her higher education or wedding expenses, providing financial flexibility when it is needed most. ЁЯОУЁЯТХ
Interest Rate on Sukanya Samriddhi Yojana
Investments in the Sukanya Samriddhi Yojana generate an impressive annual interest rate of **7.6%**. In this scheme, parents are required to invest for a duration of **14 years**. After this investment period, the account reaches maturity, culminating at the age of 21. The accumulated amount will benefit from an annual interest rate of 7.6% throughout this period, ensuring a rewarding return at maturity.
The Sukanya Samriddhi Yojana not only serves as a smart investment but also empowers parents to secure their daughtersтАЩ education and future endeavors. If you are planning to open an account or need detailed information, feel free to access the PDF download below for more insights into the application process and related guidelines. ЁЯУД