look news india
If you are a father of a daughter and are worried about her future, then you should start financial planning for her from an early age. The sooner you plan for it, the sooner you will accumulate a large fund for it.
The Government of India runs Sukanya Samriddhi Yojana (SSY) to strengthen the future of daughters financially. By investing in this scheme, you can accumulate a large amount of money for your daughter.
In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. If your daughter is less than 10 years old, then you can open a Sukanya account in the name of your daughter. In Sukanya Samriddhi Yojana, investment has to be made for 15 years and maturity is in 21 years.
If you start investing in this scheme in your daughter's name as soon as she is born, you can make your daughter the owner of Rs 70 lakh at the age of 21. Technical information-
If you deposit Rs 1.5 lakh every year in Sukanya Samriddhi Account in the name of your daughter, 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, the interest rate on this scheme is 8.2 percent, at the time of maturity in 21 years, a total of Rs 46,77,578 will be received as interest.
In such a situation, the daughter will get a total of Rs 22,50,000 + Rs 46,77,578 = Rs 69,27,578 (approximately Rs 70 lakh) on maturity. If you start investing in this account in your daughter's name as soon as she is born, then at the age of 21 she will become the owner of about Rs 70 lakh.
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 amount of the scheme by 2024.
A major 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.
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