Government Scheme: Houses which have daughters will get Rs 15 lakh, take advantage of this government scheme..
When children start growing up, parents start thinking about their future. Whether it is about education or marriage. In Indian society, people make a lot of planning for their daughters. If you are also thinking of doing something about your daughter's financial future, then investing in Sukanya Samriddhi Yojana can be a better option.
Sukanya Samriddhi Yojana is a government scheme, which is specially made for daughters. In this, interest is also high on investment and there is also tax exemption. Also, it is a safe investment plan where your money remains safe. A large amount is not required to invest in this scheme. You can open an account for this with just Rs 250.
Interest on investment at the rate of 7.6 percent-
Under Sukanya Samriddhi Yojana, an account can be opened for a daughter below 10 years of age. In this scheme, you get 7.6 percent interest on investment. In this scheme, your money doubles in 9 years and 4 months. If you save Rs 100 daily for your daughter in this scheme, you will get Rs 15 lakh. If you save Rs 416 daily, then on maturity, the fund will be Rs 65 lakh.
Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the central government. It was launched in the year 2015 under the Beti Bachao Beti Padhao scheme. Sukanya is the scheme with the best interest rate among small savings schemes.
You can open an account in the post office-
Under Sukanya Samriddhi Yojana, an account can be opened in any authorized branch of a post office or commercial branch. Daughters can withdraw money from this account at the age of 21. Under Sukanya Samriddhi Yojana, you can deposit a maximum of Rs 1.5 lakh annually. After opening the Sukanya Samriddhi Yojana account, it can be continued till the girl turns 21 or gets married after the age of 18.
How to fund Rs 15 lakh-
If you invest Rs 3000 every month in this scheme, i.e. Rs 36000 annually, you will get Rs 9,11,574 after 14 years at the rate of 7.6% annual compounding. After 21 years, i.e. on maturity, this amount will become around Rs 15,22,221. That is, if you save and deposit Rs 100 daily, you can create a fund of Rs 15 lakh for your daughter. At the same time, you can add Rs 65 lakh by saving up to Rs 416 daily.
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