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Sukanya Samriddhi Yojana (SSY): Invest less than ₹ 100, get returns up to ₹ 11 lakh!

Sukanya Samriddhi Yojana (SSY) is a financial savings scheme launched by the Authorities of India, designed to safe the way forward for daughters. This scheme offers monetary help for his or her training, marriage, and different wants. Beginning with a minimal annual funding of ₹250, the scheme presents an rate of interest of 8.2% together with tax advantages.

Options and Advantages of the Scheme:

Eligibility: For daughters under 10 years of age. Funding quantity: Minimal ₹250 per yr, most ₹1.5 lakh. Rate of interest: 8.2% every year. Tenure: Funding as much as 15 years and maturity at 21 years. Returns: Curiosity of ₹11,26,829 on whole funding of ₹5,42,025, totaling ₹16,68,854. Tax exemption: Underneath part 80C.

How one can Make investments:

Go to your nearest submit workplace or financial institution department. Submit daughter's delivery certificates and identification card. Fill the applying kind and deposit the preliminary quantity.

Benefits of curiosity calculation:
On this scheme, you get curiosity on curiosity, as a result of which your funding quantity will increase quickly. Long run funding ensures massive financial savings.

Utilization on Maturity:
After maturity on the age of 21 years, the quantity can be utilized for vital functions like daughter's larger training and marriage.

DISCLAIMER: This information has been edited from this https://pmsmahavidyalayaadmission.in/sukanya-samriddhi-yojana-investment-99-daily-get-16-lakh-return-sip/ web site.

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