Investment schemes for daughters: If you are also the father of a daughter, then start investing in some such schemes in the name of your daughter today, which will make the daughter financially capable in the future and for this your daughter will ask you to do so. Thank you papa’.
Sukanya Samriddhi Yojana: If we talk about the schemes being run for daughters, then Sukanya Samriddhi Yojana is definitely mentioned. This scheme is run by the Government of India especially for daughters. In this scheme one has to invest continuously for 15 years and it matures after 21 years. Any parent whose daughter’s age is less than 10 years can invest in this scheme.
A maximum of Rs 1.5 lakh can be deposited annually in Sukanya Samriddhi. At present, interest is being given on it at the rate of 8.2 percent. If you calculate according to the current interest rate, if you invest Rs 1.5 lakh annually, then on maturity your daughter will be the owner of Rs 69,27,578. Whereas if you invest Rs 60,000 annually at the rate of Rs 5,000 per month, then after 21 years your daughter will be the owner of Rs 27,71,031.
Mahila Samman Savings Card
Women of any age can invest in Mahila Samman Savings Certificate Scheme. For minors, their parents can open an account. This is a deposit scheme in which interest is being given at the rate of 7.5 percent. A maximum of Rs 2 lakh can be invested in this scheme. The scheme matures after two years. In such a situation, profits can be taken with better interest rates. If you invest Rs 2 lakh in this scheme, you can get Rs 2,32,044 after two years.
Public Provident Fund
Public Provident Fund is a scheme in which any Indian citizen can invest. If your daughter is a minor, then the parents can start investing in this scheme in her name. In this scheme, interest is available at the rate of 7.1 percent. A maximum of Rs 1.5 lakh can be invested annually in this scheme also. The scheme matures after 15 years.
If you want, you can also get the scheme extended in a block of 5 years. If you invest Rs 1.5 lakh annually in the name of your daughter in the scheme, then after 15 years your daughter will be the owner of Rs 40,68,209. Whereas if the account is extended for 5 years, then after 20 years your daughter will become the owner of Rs 66,58,288.
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