Relief for those investing in Sukanya Samriddhi Yojana, government extended deadline to open account till 31 July

For the current quarter, a 7.6 percent interest rate has been fixed for Sukanya Samriddhi Yojana. In this, you can deposit up to one and a half lakh rupees annually.

The government has given relief to the people who could not open the accounts of Sukanya Samriddhi Yojana for their daughters during the lockdown. Now by July 31, they will be able to open this account in the name of their daughters.

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Those whose daughters were ten years old from March 25 to June 30, 2020, will now be able to take advantage of the increased deadline till July 31, 2020 to open this account. There was a lockdown in the country from 25 March to 30 June 2020. For the current quarter, a 7.6 percent interest rate has been fixed for Sukanya Samriddhi Yojana. In this, you can deposit up to one and a half lakh rupees annually.

Can deposit at least 250 and maximum of one and a half lakh rupees

At least 250 rupees can be deposited annually in Sukanya Samriddhi Yojana. Earlier this amount was 1000 rupees. Under this scheme, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited annually. Tax exemption can be availed under Section 80C of Investment Income Tax Act under Sukanya Samriddhi Yojana. If the daughter becomes 18 years old and needs money for studies or marriage, then she can withdraw up to fifty percent.

Sukanya Post Office is planned. Here, there is a guarantee of 100 percent security and returns on your deposit. On post office plans, you are guaranteed security by the government on your 100% investment.

In this scheme, once your interest is fixed, you will get interest till the scheme matures accordingly. Under the scheme, the parents have to invest only for fourteen years. While the maturity period of the account is twenty one years. During the remaining seven years after fourteen years, interest will be paid according to the fixed interest while taking the plan on the closing balance of fourteen years. After 21 years, you will get full amount on maturity.

 

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