Investment: Know about the top investment plans for daughters and how they work...

Every day is about daughters for parents, but today, September 28th, is celebrated as Daughters' Day. Besides respecting their daughters, securing their future is also crucial for every parent. Nowadays, many different schemes are being implemented in our country to secure daughters' futures, encouraging savings for education, marriage, and the future. These schemes offer high returns, tax exemptions, and security. So, let's learn about the top investment plans for daughters, how they work, the benefits, and how to get started.

Why is investing for daughters important?

Securing daughters' futures is considered a parental duty. Education and marriage expenses run into lakhs, and inflation is projected to be 5-6% in 2025, so start investing early. Government schemes like the Sukanya Samriddhi Yojana (SSY) are best for daughters. These schemes offer 8-10% returns and are tax-free. Millions of parents are benefiting from them.

1-Sukanya Samriddhi Yojana (SSY): Best for Daughters
Sukanya Samriddhi Yojana is a government savings scheme for daughters, part of the Beti Bachao Beti Padhao campaign.

How does it work?: Open an account in your daughter's name. You can open it as early as 10 years old. Minimum deposit of ₹250 per year, maximum of ₹1.5 lakh, and it lasts for 21 years.
Returns: Approximately 8.2% interest (2025 Q2), compounded annually.
Benefits: Completely tax-free (EEE—income, investment, exit), ₹1.5 lakh exemption under 80C.
How to get started?: Visit a post office or bank (SBI, HDFC) and provide your Aadhaar and birth certificate.
Example: Invest approximately ₹1.5 lakh annually for a 10-year-old daughter, approximately ₹1 crore after 21 years.

This scheme is ideal for daughters' education and marriage.

2-National Pension System Vatsalya (NPS Vatsalya): Future Security
NPS Vatsalya is for daughters' retirement.

How does it work?: Parents open an account in their daughter's name, deposit a minimum of ₹1,000 annually, and after 18 years, it converts to a regular NPS.

Returns: Around 8-12% (market-linked).

Benefits: ₹1.5 lakh exemption under 80C + ₹50,000 extra under 80CCD(1B). 60% maturity tax-free.

How to start?: At a POP (bank or post office). Provide Aadhaar and PAN.

Example: ₹1,000 annually for a large corpus after 18 years.

This scheme makes daughters financially independent.

3-Public Provident Fund (PPF): Safe Savings
PPF is a safe long-term investment for daughters.

How does it work?: Open an account in your daughter's name, minimum ₹500, maximum ₹1.5 lakh annually, and a 15-year lock-in period.

Returns: 7.1% interest (2025), tax-free.
Benefits: ₹1.5 lakh exemption under 80C, maturity, and interest tax-free.

How to start?: Provide Aadhaar and PAN details at the post office or bank.
Example: ₹1.5 lakh annually, approximately ₹40-50 lakh after 15 years.
PPF is good for low-risk savings.

4.National Savings Certificate (NSC): Small savings.
NSC is a government bond for daughters.

How does it work?: Minimum ₹1,000, no maximum, and a 5-year tenure.

Returns: Around 7.7% interest (2025).
Benefits: ₹1.5 lakh exemption under 80C, maturity taxable, but interest compounded.
How to get started?: At the post office, provide your Aadhaar and PAN.
Example: 1 lakh investment yields approximately 1.5 lakh after 5 years.
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5-NSC: Safe and easy
Post Office Time Deposit (POTD):
Flexible option
POTD is like a fixed deposit for daughters.

How does it work?: 1-5 years tenure, minimum ₹1,000.
Returns: Around 6.9-7.5% interest (2025).
Benefits: ₹1.5 lakh exemption under 80C, tax-free for 5 years.
How to get started?: At the post office.
Example: 1 lakh yields approximately ₹1.4 lakh after 5 years.
POTD is flexible and safe.

6-LIC Jeevan Tarun Yojana: Best investment for children
LIC Jeevan Tarun Yojana: Great for children's future.
How many years: For children aged 0-12 years.
How does it work?: Starting at ₹75,000 annually over a period of 20-25 years.
Maturity: Up to ₹5-10 lakh.
Premium: For 8, 10, or 12 years.
Benefits: Funding for education, marriage, tax exemption (80C), and a loan facility. 125% sum assured as the death benefit. 8% return in 2024.
Caution: Pay premiums on time.

Precautions: The Daughter should be under 10 years of age.
Provide proper documents.
Keep it for a long time.

So, it's clear that on Daughters' Day, schemes like SSY, NPS Vatsalya, PPF, NSC, and POTD help secure the future. (Note: This news is based on general information only.)

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