Sukanya Samriddhi Yojana: If you want to secure your daughter’s future, then Sukanya Samriddhi Yojana (SSY) can be a great option for you. By investing in this scheme, you can create a large fund from small amounts, which can be useful in her education, marriage or other needs later.
Understand here how much investment you have to make
Suppose you deposit ₹ 35,000 every year in this scheme in the name of your daughter. If you invest continuously for 15 years, the total deposit amount will be ₹ 5,25,000. The surprising thing is that after 21 years i.e. on maturity, you can get around ₹ 16,16,435. This amount is completely tax-free and comes with a government guarantee.
This scheme is especially for those parents who are serious about their daughter’s future and want that they do not face any financial problems when the time comes. This is a safe and reliable option, especially for those who do not want to invest in the stock market or risky schemes.
How to invest in Sukanya Samriddhi Yojana?
Investing in Sukanya Samriddhi Yojana (SSY) is very easy and it is a safe and beneficial option for your daughter’s future. Here is a step-by-step guide
- First of all, to open an account in Sukanya Samriddhi Yojana, you can go to any nearest post office or government/private bank (like SBI, PNB, HDFC, ICICI).
- Here one has to submit the daughter’s birth certificate, parent or guardian’s identity card (like Aadhaar or PAN card), residence certificate, passport size photo and account opening form.
- One can invest ₹ 250 to ₹ 1.5 lakh annually in this scheme , which can be deposited in lump sum or in installments. The investment period is 15 years, but the account matures in 21 years.
- Currently, the scheme offers an interest rate of around 8.2%, which is compounded quarterly and the maturity amount is completely tax-free. Apart from this, the investment also gets tax exemption under section 80C.
