Sukanya Samriddhi Yojana Scheme Features LockIn Tax Saving Benefits and Withdrawal Rules

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=vFeH2lu6TGU

In today’s video, we will tell you all about Sukanaya Samriddhi Yojana (SSY) Scheme. • Sukanaya Samriddhi Yojana in a very short duration of its existence has become the go-to investment option for parents with a girl child. • SSY was launched in the year 2015 to encourage the parents to Invest for their girl child and safeguard their future. • Account opening: • This is a simple savings scheme in which you invest for your daughter every year for 15 years. Parents or legal guardians can open an account in the name of their daughter from Newborn to the age of 10 years. • • Investment limit: • In this scheme, every year you have to invest a minimum of ₹ 250 and the maximum you can invest is 1.5 lakh rupees every year. • Returns: • This scheme has a return guaranteed and the government decides its interest rate in every quarter like the interest rate in this quarter is 8.5% • If you invest a maximum limit of Rs 1.5 lakh every year, after 21 years, your investment value will be Rs 73.90 lakhs. • Tax Benefits: • This is a great tax saving scheme as it comes with EEE Exempt-Exempt-Exempt tag which means that you can save tax by investing up to Rs 1.5 lakhs every year by availing deduction under section 80c. There will be no tax on the interest amount which you will earn, and you will not have to pay any tax even on the final corpus. • Lock-in Period: • The lock-in period of Sukanya Samriddhi Yojana account is 21 years. • Withdrawal Rules: • For example, if you open an account in the name of your daughter at the age of 4 years, then you can withdraw this amount when she is 25 years old. • However, in some special circumstances (explained in the video), you can withdraw up to 50 percent of the amount. • To invest in top ELSS mutual funds at zero commission for FREE, download the ETMONEY app - https://etmoney.onelink.me/unJQ/adc0cc9c • #SSY #SSYtaxBenefits #SSYreturns • #SukanyaSamriddhiYojana

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