Post Office Saving Schemes: There is turmoil in the market these days. Due to the tension between Russia and Ukraine, not only India, but the markets of the whole world are hesitant. In such a situation, investors want to invest their deposits in a safe place, even if the returns are low, but the money remains safe.
Now the problem is that the returns in banks, which have been a means of safe investment, have now become almost equal to zero. Even after this, there are some options where banks get more returns and money is also completely safe. Post office is such a place where returns are higher than other government options.
Sukanya Samriddhi Yojana
If you are also looking for some similar option, then Sukanya Samriddhi Yojana of the Post Office can be a better option for you. The Government of India has run a scheme for daughters in the name of Sukanya Samriddhi Yojana. Post Office SSY is currently getting interest at the rate of 7.6 percent per annum. If it is assumed that 7.6 percent interest rate will remain under this scheme in future also, then it will take 9.4 years to double the amount deposited under this scheme.
Also read- Invest in this scheme before March 31, you will get guaranteed pension every month
Sukanya Samriddhi Yojana is the highest return scheme among post office savings schemes. The benefit under this scheme is to open the account before the daughter attains the age of 10 years. The minimum annual investment limit in this account is Rs 250 and the maximum limit is Rs 1.5 lakh. This scheme is a small savings scheme launched by the central government. Investment under Sukanya Samriddhi Yojana can be availed of tax exemption under section 80C of the Income Tax Act.
Under Sukanya Samriddhi Yojana, you can open an account by visiting any post office branch. Sukanya Samriddhi Account can be operated till the daughter attains the age of 21 years or till she gets married after the age of 18 years. 50 percent of the amount can be withdrawn after the age of 18 for the daughter’s higher education.
Under Sukanya Samriddhi Yojana account can be opened for maximum two daughters of a family.
The IPPB app (India Post Payments Bank App) has been launched by the post office. Online money transfer can be done through this app. With the help of this app, you will be able to deposit money in other post office schemes along with Sukanya Samriddhi Yojana. Through this app, digital account can be opened sitting at home.
Tags: Post Office, Small Saving Schemes, Sukanya Samriddhi Scheme
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