Post Office best savings scheme: Talking about the Small Savings Scheme, the Sukanya Samriddhi Yojana of the Post Office is currently the top in giving returns. Sukanya Samriddhi Yojana (SSY) is getting interest at the rate of 7.6 per cent per annum, whether it is Fixed Deposit (FD), National Savings Certificate (NSC), Monthly Income Scheme (MIS), Kisan Vikas Patra (KVP) or Recurring Deposit. (RD) is more than schemes like. Under this scheme, you can open an account to secure the future of your child. In SSY, parents can open an account in the name of the girl child up to the age of 10 years.
Under the scheme, only one account will be opened in the name of a girl child. The SSY account can be started with a minimum of Rs 250. In this, the minimum deposit in a financial year has been fixed at Rs 250 and the maximum is Rs 1.5 lakh. One can invest in Sukanya Samriddhi Scheme for a maximum period of 15 years.
Sukanya Samriddhi account can be closed only after the girl turns 21. However, normal premature closure is allowed when the girl child turns 18 when she gets married. After the age of 18, the girl child can partially withdraw cash from the SSY account. The withdrawal limit is up to 50% of the balance in the account at the end of the previous financial year.
open account like this
- First of all you have to go to the post office and take the form to open Sukanya Samriddhi Yojana account.
- For this, it is necessary to have the birth certificate of the daughter.
- ID proof of parents will also be required. In which PAN card, ration card, driving license, passport can apply any documents.
- Parents will also have to submit documents for address proof. In this also driving license, passport, electricity bill or ration card is valid.
- Your account will be opened after the verification of your documents from the bank or post office.
- After the account is opened, a passbook is also given to the account holder.
If you have not filed income tax return then double TDS from next month, understand the complete rule here
tax exemption benefits
Tax deduction up to Rs 1.5 lakh can be claimed under section 80C on the amount deposited in SSY. Apart from this, the interest on the deposit and the money received on completion of the maturity period is also tax free. In this way SSY is a tax saving scheme of ‘EEE’ category.
If you forget to deposit the minimum amount in Sukanya Samriddhi Yojana account in any year then your account will be closed. But this account can be restarted with a penalty fee of Rs 50. The account holder will have to deposit the amount with which he has opened the account along with a penalty fee of Rs 50.