Secure Your Daughter's Future with Sukanya Samriddhi Yojana: Get ₹17,18,039 on a Monthly Investment of ₹3,100

By Siddhi Jain | Oct 24, 2024, 19:00 IST

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to help parents secure the future of their daughters, covering important expenses such as marriage and education. With a minimal investment, this scheme offers great returns, allowing parents to ease their financial worries about their daughter's future.

Sukanya Samriddhi Yojana: The Ideal Investment for Your Daughter's Future

Every parent wants to ensure financial stability for their daughter, and Sukanya Samriddhi Yojana is an excellent tool to do just that. The SSY scheme offers a safe and profitable way to save for your daughter's future, especially when it comes to her marriage and higher education.

How Sukanya Samriddhi Yojana Works

The Sukanya Samriddhi Yojana allows parents to open an account in their daughter's name, investing small amounts regularly. Once your daughter turns 21, you receive a lump sum payout at the time of maturity, making this scheme a great way to save for her future needs.

High Interest Rate for Daughters in SSY Scheme

One of the key benefits of the SSY scheme is the attractive interest rate of 8.2% per annum. Parents can invest monthly for a period of 15 years, and the investment continues to grow until the account matures when the daughter turns 21.

Investment Limits and Eligibility

Age Criteria: The SSY account can be opened for girls aged between 1 to 10 years.
Investment Amount: You can start investing with as little as ₹250 per year and go up to a maximum of ₹1.5 lakh annually.
Tax Benefits: Investments made under the SSY scheme are eligible for tax deductions under Section 80C of the Income Tax Act.

Benefits of Opening a Sukanya Samriddhi Yojana Account

Parents can open an SSY account for their daughters at any government bank or post office. You can open accounts for up to two daughters, and even for twin daughters. Once the daughter reaches 18 years of age, you can withdraw up to 50% of the amount for her higher education.

Example: Earning ₹17.18 Lakhs by Investing ₹3,100 Monthly

If you invest ₹3,100 per month in the SSY scheme for a duration of 15 years, the total yearly investment will amount to ₹37,200. Over 15 years, your total investment will be ₹5,58,000. With an interest rate of 8.2%, the interest earned over 15 years will be ₹11,60,039. Upon maturity, this brings the total return to ₹17,18,039.

How to Open an SSY Account

To open an SSY account for your daughter, visit any nearby bank or post office. This scheme not only ensures a secure financial future but also provides peace of mind, knowing that your daughter's needs for education and marriage are covered.

By investing in Sukanya Samriddhi Yojana, you can turn small monthly savings into a substantial amount, ensuring a bright and secure future for your daughter.