If you are worried about your daughter’s future, then the government guaranteed Sukanya Samriddhi Yojana can relieve your tension. Through this scheme you can make your daughter the mistress of up to Rs 70 lakh.
As soon as the child is born, parents start worrying about his/her future. At the same time, if you are the parents of a daughter, then the concern increases from her education to marriage. If you are also the father of a daughter and are worried about all the responsibilities related to her, then a government scheme can remove all your tensions. We are talking about Sukanya Samriddhi Yojana (SSY), which is a government guaranteed scheme and has been specially designed with the aim of improving the future of daughters.
In this scheme you can deposit Rs 250 to Rs 1.5 lakh annually. If your daughter’s age is less than 10 years, then you can open Sukanya account in your daughter’s name. The sooner you invest in it, the sooner you can prepare a big fund for your daughter. One has to invest in Sukanya Samriddhi Scheme for 15 years and it matures in 21 years. If you open this account in your daughter’s name as soon as she is born, then by the age of 21 you can make her the owner of Rs 70 lakh and can fulfill all the responsibilities related to her with that amount. Know how-
This is how 70 lakhs will be added for the daughter.
If you deposit Rs 1.5 lakh every year in Sukanya Samriddhi Account in the name of your daughter, then you will have to save Rs 12,500 every month for investment. You will invest a total of Rs 22,50,000 in 15 years. At present, interest on this scheme is 8.2 percent. At the time of maturity in 21 years, a total of Rs 46,77,578 will be received as interest. In such a situation, on maturity the daughter will get a total of Rs 22,50,000 + 46,77,578 = Rs 69,27,578 (about Rs 70 lakh). If you start investing in this account in your daughter’s name as soon as she is born, then at the age of 21 she will become the owner of around Rs 70 lakh.
If you start investing in 2024, when will you get the money?
If you start investing in Sukanya Samriddhi Yojana in the year 2024 in the name of your daughter, then this scheme will mature in 2045, that is, you will get the entire money of this scheme by 2024. A big benefit of Sukanya Samriddhi Yojana is that investors can save tax under Section 80C of the Income Tax Act, 1961. -SSY account can be opened in any post office or authorized bank.
