Sukanya Samriddhi Yojana: The government has not made any change in the interest rates of all small savings schemes including Sukanya Samriddhi Yojana. However, there were apprehensions that the government may cut rates. Sukanya Samriddhi Yojana is such a scheme run by the central government which has been specially prepared for the daughters, so that their future can be secured.
New Delhi: Sukanya Samriddhi Yojana: If you also have a daughter and you want her to not face any financial problems in future, then you too can start investing in this scheme. You do not have to do much, just save Rs 131 daily and invest in the plan. This savings of Rs 131 per day will later become a hefty amount of Rs 20 lakh.
Sukanya Samriddhi Yojana is such a long-term scheme, by investing in which you can be sure about the future of your daughter. There is no need to invest a huge amount for this. All you have to decide is how much money you need for your daughter when she turns 21. We explain this complete calculation to you.
What is Sukanya Samriddhi Yojana
This is a popular scheme of the government to improve the future of daughters. The account of a daughter up to 10 years of age can be opened in Sukanya Samriddhi Yojana. In this, you can deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. This scheme will mature when the daughter turns 21. However, your investment in this scheme will be locked at least till the daughter turns 18. Even after 18 years, she can withdraw 50% of the total amount from this scheme. Which she can use for graduation or further studies. After this, all the money can be withdrawn only when she is of 21 years of age.
Money is deposited only for 15 years
The good thing about this scheme is that you do not have to deposit money for the entire 21 years, money can be deposited only for 15 years from the time of opening the account, while interest will continue to accrue on those money till the daughter’s age of 21 years. At present, the government is giving interest on this at the rate of 7.6% per annum. This scheme can be opened for two daughters of the house. If there is a twin, then 3 daughters can also take advantage of the scheme.
How to prepare for investment
First of all you have to decide how much amount you need for your daughter when she turns 21. The sooner you start the scheme, the more amount you will get on maturity ie the daughter turns 21.
When to start investing
Like if your daughter is 10 years old today, and you start investing today then you will be able to invest only for 11 years, similarly if you have a 5 year old daughter and you start investing then you will be able to invest for 16 years, so that The maturity amount will increase. Now if your daughter is 1 year old today in 2021 and you start investing then it will mature in 2042. And you can get maximum benefit of this scheme.
- How Rs 131 will become Rs 20 lakh
- Here we are assuming that if you start investing in 2021, then your daughter’s age is 1 year.
- Now you have saved Rs 131 per day, then Rs 3930 in the month
- If Rs.3930 is deposited every month, then Rs.47160 was deposited in the year
- If you do this investment for only 15 years, then the total investment is Rs 7,07,400
- At 7.6% per annum interest, you got total interest of Rs 12,93,805
- In 2042, when the daughter turns 21, the scheme will mature, at that time the total maturity amount will be Rs 20,01,205.
- This is the calculation that you have to keep in mind. By saving Rs 131 a day, you can save your daughter’s future. The basic mantra of every investment is to start early. The sooner you start this scheme, the more you will benefit.
