If you are worried about your daughter’s future, then know about Sukanya Samriddhi Scheme here. This scheme is a scheme to make daughters millionaires and has been designed with the aim of securing their future.
As soon as a daughter is born, the father starts getting worried thinking about all kinds of responsibilities. But if financial planning is done for the daughter in time, then many problems will be solved. When the daughter grows up, she will have so much money that none of her work will stop due to lack of money. With the aim of improving the future of daughters, the government runs Sukanya Samriddhi Yojana (SSY). This is a government guaranteed scheme which has been specially designed for daughters.
In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. Capital is collected for the daughter according to your investment. Currently, this scheme is giving interest at the rate of 8.2 percent. In this long-term scheme, you will have to invest for 15 years. This scheme will mature at the age of 21. If your daughter is less than 10 years old, then you can open a Sukanya account in the name of the daughter and can also make her the owner of 70 lakhs by the age of 21. Know how?
This is how the daughter will become the owner of 70 lakhs
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. In 15 years, you will invest a total of Rs 22,50,000. Currently, this scheme is getting an interest rate of 8.2 percent. At the time of maturity in 21 years, you will get a total of Rs 46,77,578 as interest. On maturity, the daughter will get a total of Rs 22,50,000 + 46,77,578 = Rs 69,27,578 (about Rs 70 lakh) including interest and invested amount. This amount is more than three times the invested amount. In this way, if you start investing in this account in the name of your daughter right from her birth, then at the age of 21, she will become the owner of about Rs 70 lakh.
On the other hand, if you invest Rs 1,00,000 annually for your daughter in this scheme, then you will have to invest Rs 8,334 every month. In such a situation, your total investment in 15 years will be Rs 15,00,000. After 21 years, you will get Rs 31,18,385 in return. In this way, you will get a total of Rs 46,18,385 by combining the invested amount and the interest amount.
If you start investing in 2024, when will you get the money
If you start investing in Sukanya Samriddhi Yojana in the name of your daughter in the year 2024, 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.
