look news india
Change in Sukanya Samriddhi Yojana rules: Major changes have been made in the government's Sukanya Samriddhi Yojana (SSY), which provides financial security for the future of children. In this scheme, now parents or foster parents can operate the child's account, in which funds are provided for the child's expenses from education to marriage. If the account is operated by someone else, the account will be terminated. Let us know about the changes in detail…
This scheme was started in 2015
Sukanya Samriddhi Yojana was launched by the Central Government in 2015. In which an account can be opened by investing just Rs. 250. At present, an attractive interest of 8.2 percent is being given on it. This is a long-term investment scheme. Which is popular for making daughters millionaires.
The new changes will be effective from October 1
A major change has been made in the scheme that allows one to save a large sum of money for their daughter's future. Under the Sukanya Samriddhi Yojana, minors whose accounts have not been opened by their guardians or foster parents will have to be transferred to their parents to operate their accounts, otherwise the account will be closed. This change will be effective from October 1. This means that now only parents or guardians can open an account under this scheme.
Chance to become a millionaire in 21 years
The SSY scheme offers attractive interest on investment. Currently, this scheme offers 8.2 percent interest, which is adjusted on a quarterly basis based on inflation. In this long-term scheme, one can start with a nominal investment of Rs. 250. In which the annual maximum amount of Rs. You can invest up to 1.5 lakh. If this investment is started from the age of five, then your daughter can become a millionaire in 21 years with a capital of just Rs. 69 lakh.
Let us understand with an example
In this scheme, if Rs. 1.5 lakh is invested every year from the age of five for 15 years, then the total deposit amount will be Rs. 22,50,000. On which 8.2 percent annual interest rate will be Rs. 4677578, which means at the age of 21 years, the total amount available will be Rs. 6927578.