Sukanya Samriddhi Yojana: The Sukanya Samriddhi Yojana is a special government savings scheme for the future of daughters. Starting with a small investment can build a substantial corpus over the long term.
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Sukanya Samriddhi Yojana: As a daughter grows older, parents become increasingly concerned about her education and marriage. In this era of rising expenses, building a solid fund for the future is challenging. At this time, a special government savings scheme is providing relief to millions of families.
This scheme, which aims to secure the future of daughters, is called the Sukanya Samriddhi Yojana. It was specifically launched to secure the future of daughters. Investments made under this scheme are not only considered safe, but the interest earned on them is also quite good.
This is why a growing number of people across the country are making this scheme a part of their long-term plans. An account under the Sukanya Samriddhi Yojana can be opened from the birth of a daughter until she reaches the age of 10. The minimum annual deposit allowed is ₹250 and the maximum is ₹1.5 lakh.
You can invest in the scheme for 15 years, while the account matures in 21 years. This means short-term savings yield long-term benefits. If a parent deposits approximately Rs 12,500 per month, or Rs 1.5 lakh annually, for 15 consecutive years, the scheme offers a monthly investment of Rs 1.5 lakh.
So, at the current interest rate of 8.2 percent, the fund could reach approximately Rs 70 lakh after 21 years. This amount can provide a strong support for both the daughter’s higher education and marriage. Another major strength of this scheme is its tax benefits. The amount deposited is tax-deductible. The maturity amount is also tax-free.
The Sukanya Samriddhi Yojana is ideal for parents who want to create a secure fund for their daughter without taking on significant risk. Unlike the stock market, it doesn’t fluctuate. Being a government scheme, it offers greater trust.
If you start investing in this scheme at the right time, you can accumulate a substantial corpus by the time your daughter grows up. This significantly reduces financial stress related to education, career, and marriage. With this plan, you can provide a strong foundation for your daughter’s future.
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