Explainer: Sukanya Samriddhi Yojana - Give wings to your daughter's dreams, make her future secure..

Every parent wants their children to have a better future. You can start this with a very small investment. Under the Sukanya Samriddhi Yojana, you can secure the future of your daughter. The investment starts from just Rs 250, and this scheme also offers tax exemption along with 8.2% interest. Know how you can take advantage of this scheme.

Sukanya Samriddhi Yojana
If your daughter is less than 10 years old, then definitely know about this scheme. Let's understand in simple language what the Sukanya Samriddhi Yojana is, what its benefits are, and why it is important for you. Sukanya Samriddhi Yojana is a special savings scheme of the Government of India, which was started under the Beti Bachao... Beti Padhao Mission. Its objective is to strengthen the future of daughters financially, especially for big expenses like their education and marriage. In this scheme, you can open an account in the name of your daughter, in which small savings can create a big fund in the long run.

Why is this scheme so special?

Every parent wants a better future for their children. This is a scheme that reduces this worry. It offers many benefits, from small savings to tax savings. In this scheme, you are getting an annual interest rate of 8.2%, which is much higher than many other schemes. You can start a savings account with just Rs 250; that is, you can get big benefits even from small savings. If you want to invest more, you can deposit up to Rs 1.5 lakh in a year. In this scheme, you will have to deposit money for 15 years, and your account will mature after 21 years. The most important thing... By investing in this scheme, you will also get tax exemption under section 80C, and the money received on maturity will also be completely tax-free.

-Great interest rate: Annual interest at the rate of 8.2%

-Minimum investment: Start investing from Rs 250 per month

-Big investment facility: Invest up to Rs 1.5 lakh per year

-Long-term, big returns: Invest for 15 years, account matures in 21 years

-Tax relief: Tax exemption under section 80C

How to open an account?

Opening an account is very easy. You can go to your nearest post office or any government bank like SBI, PNB, or Bank of Baroda. Some private banks also provide this facility. To open an account, you will need the daughter's birth certificate, parents' identity cards and address proof. With just these documents, you can open an account and start saving for your daughter. In today's time, the expenses of education and marriage are skyrocketing. In such a situation, Sukanya Samriddhi Yojana can become a reliable companion for you. It not only secures your daughter's future, but also gives you an opportunity to save tax and get good returns. This scheme is for every parent who wants to fulfill their daughter's dreams.

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.