Sukanya Samriddhi Yojana 2023: Government-backed Sukanya Samriddhi Yojana account is one of the best investment options for parents of girl children. The scheme will encourage parents to create a substantial corpus for their daughters. Along with this, they will also be able to claim income tax deduction in their taxable income in this scheme. This will reduce their tax.
Sukanya Samriddhi Yojana Account 2023
The scheme was launched by Prime Minister Narendra Modi in 2015 as a part of Beti Bachao, Beti Padhao campaign. Sukanya Samriddhi Yojana account can be opened in any post office branch or bank.
Rate of interest
Sukanya Samriddhi Account currently offers an interest rate of 7.6 per cent.
Sukanya Samriddhi Yojana calculator
- Deposit amount – Rs 1,50,000 per annum
- Tenure: 15 years
- Maturity Period: 21 Years
- Interest Rate: 7.6%
- Maturity Amount: Rs 65,93,071
- Total Investment Amount: Rs 22,50,000
- Total interest earned: Rs 43,43,071
Save up to Rs 1.5 Lakh
You can save up to Rs 1.5 lakh per year from your taxable income by investing in this scheme under Section 80C of the Income Tax Act. Moreover, Sukanya Samriddhi Yojana comes under EEE – Exemption Exemption category, which means tax exemption on investment, interest and returns/maturity.
Parents, natural or legal guardians of the girl child can open Sukanya Samriddhi account for their girl child below the age of 10 years. The minimum deposit amount for Sukanya Samriddhi Yojana is Rs 250 per annum while the maximum amount is Rs 1,50,000 per financial year. If you do not deposit the minimum value of Rs 250 in a financial year then you will be charged Rs 50 in a year.
