Post Office Scheme: Every parent has a dream that their child’s future is safe. When he grows up, he does not have to face any financial problems during his studies, career or marriage, that preparation starts from childhood. Especially in the case of a girl child, parents want a savings plan for the future which is safe, risk-free and profitable. And if this plan starts, big funds can be deposited in the hands of a girl at the age of 21 in the long term.
Right investment for the future
There are many types of investment opportunities in the market these days—insurance, mutual fund, fixed deposit or gold. But most parents want to keep money in places that are under government control, where returns are guaranteed and tax benefits are available. Some of the post office schemes in particular are very popular among the general public, because the interest rate is relatively high and the risk is very low. There is a scheme in it that is specially made for a girl child, and it has been a symbol of family trust for many years.
Post Office Special Scheme (Post Office Scheme)
Sukanya Samriddhi Yojana, which was launched by the Government of India, is a savings scheme that can only be opened for a minor girl. According to the conditions, this account can be opened if the girl is below 10 years of age. It can deposit a minimum of 250 taka per year and a maximum of 1.5 lakh taka. Although the investment period is 15 years, the account period is up to 21 years. Upon completion of 18 years of the girl, there is an opportunity to withdraw up to 50% of the account for higher education or marriage. The scheme is currently offering 8.2% interest, which is completely tax-free.
how much is how much profit
If you want your daughter to get a fund of about 70 lakh rupees at the age of 21, then she has to invest 1.5 lakh rupees every year, i.e. 12,500 rupees per month. For example, if the account is opened when the girl is 5 years old and 1.5 lakh rupees are deposited every year for 15 consecutive years, the total investment will be Rs 22.5 lakh. As a result of compound interest, this amount will increase to about 69.27 lakh rupees at the end of 21 years, of which about 46.77 lakh rupees will be only interest income.
Benefits and final money
of this scheme (Post Office Scheme) The biggest advantage is that the interest income is completely tax-free and the tax exemption benefits under section 80C. When the girl completes 21 years or after marriage, the account is matured and the full amount is available. Before this, if you are 18 years old, there is also an opportunity to withdraw half the amount for the cost of education. Security, guaranteed returns, tax benefits and large funds—all in all, Sukanya Samriddhi Yojana is still the post office’s most reliable savings plan for the future of a girl child.
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