Sukanya Samriddhi Yojana: If your daughter is less than 10 years old, you can open a Sukanya account in her name. Investment in Sukanya Samriddhi Scheme is to be made for 15 years and it matures in 21 years.
SSY: If you are the father of a daughter and are worried about her future, then you should start financial planning for her from a young age. The sooner you plan for her, the sooner you will accumulate a huge fund for her. To make the future of daughters financially strong, the Government of India runs Sukanya Samriddhi Yojana (SSY).
In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. If your daughter is less than 10 years old, you can open a Sukanya account in her name. Investment in Sukanya Samriddhi Scheme is to be made for 15 years and it matures in 21 years. If you start investing in this scheme in the name of your daughter as soon as she is born, you can make your daughter the owner of Rs 70 lakh at the age of 21. Know how-
This is how Rs 70 lakh will be added for your 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. In 15 years, you will invest a total of Rs 22,50,000. Currently, this scheme is getting interest at the rate of 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 22,50,000 + 46,77,578 = Rs 69,27,578 (about 70 lakhs). If you start investing in this account in the name of the daughter as soon as she is born, then at the age of 21, she will become the owner of about 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 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. Another 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.
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