The Central Government’s Sukanya Samriddhi Yojana is an excellent scheme for the future of daughters whereby investing money, you can not only secure the future of your daughter but you can also get income tax exemption.
Under this scheme, the account can be opened from the birth of the daughter till she is 10 years old. At least 250 rupees have to be deposited in this account. A maximum amount of up to Rs 1.5 lakh can be deposited under this scheme within the current financial year. This account can be opened in a post office or an authorized branch of a commercial branch. This account can be kept till the daughter gets married after the age of 21 or 18 years.
Source: Navbharat Times
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