Coronavirus havoc in the country has brought industrial and commercial activities to a standstill. In order to break the chain of infection of this virus, a complete lockdown of 21 days is going on in India from Wednesday. There are strong fears of global recession. The equity markets have collapsed due to these circumstances. If you are thinking of investing for a longer period than your savings, then Sukanya Samriddhi Yojana can prove to be a good option. If you have a girl child in your family, then through this scheme you can also make her future prosperous. There have been some changes in this scheme recently.
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On 12 December 2019, the Finance Ministry has changed some old rules of the scheme by issuing a notification. Sukanya Samriddhi Yojana offers a substantial interest rate of 8.4%. Some benefits can also be taken in tax under Section 80C of Income Tax Act.
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Know what is Sukanya Samriddhi Yojana
Account can be opened in this scheme by natural or legal guardian of girl child below 10 years. Natural and legal guardians can open accounts under this scheme for their only two daughters.
The scheme offers an attractive interest of 8.4%, which is completely tax free under Section 80 of the Income Tax Act.
Minimum Rs 1,000 can be invested in this scheme in a financial year. A maximum investment of Rs 1,50,000 can be made in a financial year.
According to the new rule, if a subscriber does not invest the minimum amount (Rs 250) in a financial year, then that account is considered a default.
No changes in prices of petrol and diesel, know what today's prices