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Home Business Post Office Scheme: Invest in this post office scheme, after 21 years you will get a return of 51 lakhs

Post Office Scheme: Invest in this post office scheme, after 21 years you will get a return of 51 lakhs

Newztezz Online December 17, 2022 Business,

If you have a daughter and you are already worried about her education or getting married, then there are many wonderful schemes for you in the post office. One of these schemes is Sukanya Samriddhi Yojana (SSY). In this scheme, you get excellent returns which can be a better gift for your daughter's education as well as her marriage.

The highest interest is available on this small savings scheme. At the same time, there is a guarantee of getting about 3 times the return in the long term. Please tell that in this scheme, annual interest is available at the rate of 7.6 percent. Which is much more than other small savings FD (FD), RD (RD), NSC (NSC) and PPF (PPF). Apart from this, due to the post office scheme, your money is 100% safe in this.

Will get the benefit of tax exemption

Please tell that the Sukanya Samriddhi Yojana (SSY) of the post office is a tax free scheme. You get tax exemption on this at three different levels. In which, under section 80C of the first Income Tax Act, annual investment up to 1.50 lakhs will be exempted. Also, there will be no tax on the returns received from it. Apart from this, the amount received on maturity will also be tax free.

Will have to do so much every month and will get this much interest

If we talk about this scheme, then you will have to invest 10 thousand rupees every month, that is, in one year you will deposit one lakh 20 thousand rupees under this scheme. On which you will get interest at the annual rate of 7.7 percent. You will have to make this investment for a total of 15 years. In this way you will invest a total of Rs 18 lakh in 15 years.

You will get this much money on maturity

Please tell that this scheme is of 21 years, that means after 21 years your policy will mature. After that you will get a total return of Rs 50,92,124. That is, you will get a total benefit of Rs 32,92,124 in the form of interest. In this way, you get 183% return in this scheme. If you invest in this year i.e. 2022, then your policy will mature in 2043. Let us tell you that under this scheme, you can invest from Rs 250 to Rs 1.5 lakh every year. After that you will get the amount also on the basis of your investment.