Yuva Patrkaar, New Delhi : A scheme has been launched by the Government of India for the upliftment of daughters. Whose name is Sukanya Samriddhi Yojana. This is a small Saving Scheme. If you want to save for your daughter. So there is no better scheme than this, it is a tax free scheme. Account can be opened under this scheme in post offices or any commercial bank branch across the country.

Can add till the daughter is 21 years old. about 67 lakhs

Minimum Rs 250 and Maximum Rs 1.5 lakh can be deposited in SSA in every financial year. Under the Income Tax Act, both the deposit amount and the interest earned are completely tax free. If your daughter's age is less than 10 years. So you can open an account in his name. Only one SSA account can be opened after 21 years from the date of opening the account. Or after the age of 18 years, the amount can be withdrawn from the account at the time of marriage of the girl. Parents can add up to Rs 67 lakh by opening a Sukanya Samriddhi Account (SSA) for their daughter till she turns 21.

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Take information from SSY Calculator, when will you get how much money

1. Deposit amount: In this, the amount that you are thinking of depositing annually in the SSY account has to be mentioned. Remember that the deposit limit is Rs 1.5 lakh for every financial year.

2. Age of the girl child: Give information about the current age of your daughter which should be less than 10 years, because this account can be opened only for 10 years within the SSY scheme.

3. Initial Year of Investment: Specify the year in which you are planning to invest in SSY account.

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SSY Calculator gives. Total interest and maturity amount information

Once you fill this information. So the SSY calculator gives you information about the total interest earned and matured amount at the end of the investment period. Suppose you are thinking of depositing Rs 1,50,000 every year in your daughter's SSY account for 15 years. Currently the interest rate for SSY account is 7.6% per annum. Now, suppose you start investing in the current year. So after the maturity period of 21 years you will be provided with around Rs 66 Lakhs.

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