look news india
As soon as a daughter is born, the father starts worrying about all kinds of responsibilities. But if financial planning is done for the daughter in time, then many kinds of problems are eliminated. When the daughter grows up, she will have so much money that no work of hers will stop due to lack of money. To improve the future of daughters, the government runs Sukanya Samriddhi Yojana (SSY). This is a government guaranteed scheme which is specially designed for daughters.
In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. Capital is raised for the daughter according to your investment. Currently, this scheme is giving interest at the rate of 8.2 percent. In this long term scheme, you have to invest for 15 years. This scheme will mature at the age of 21 years. If your daughter is less than 10 years old, then you can open a Sukanya account in the name of your daughter and make her the owner of Rs 70 lakh by the age of 21. Know how?
This is how your daughter will become the owner of Rs 70 lakh
If you deposit Rs 1.5 lakh every year in Sukanya Samriddhi account in your daughter's name, then you will have to save Rs 12,500 every month for investment. In 15 years, you will invest a total of Rs 22,50,000. Currently, this scheme is getting an interest rate of 8.2 percent. At the time of maturity in 21 years, you will get a total of Rs 46,77,578 as interest. On maturity, the daughter will get a total of Rs 22,50,000 + 46,77,578 = Rs 69,27,578 (about Rs 70 lakh) including interest and invested amount. This amount is more than three times the invested amount. In this way, if you start investing in this account in your daughter's name from her birth, then at the age of 21, she will become the owner of about Rs 70 lakh.
If you invest Rs 1,00,000 annually for your daughter in this scheme, then you will have to invest Rs 8,334 every month. In this way, your total investment in 15 years will be Rs 15,00,000. After 21 years, you will get a return of Rs 31,18,385. In this way, by combining the amount invested and the interest amount, you will get a total of Rs 46,18,385.
If you start investing in 2024, when will you get the money?
If you start investing in Sukanya Samriddhi Yojana in the name of your daughter in the year 2024, then this scheme will mature in 2045, that is, you will get the entire money of this scheme by 2024. A big advantage of Sukanya Samriddhi Yojana is that investors can save tax under section 80C of the Income Tax Act, 1961. -SSY account can be opened in any post office or authorized bank.
