As soon as the daughter is born, the father starts worrying about all the responsibilities. But if financial planning is done for the daughter in time, then many problems will be removed. When the daughter grows up, she will have so much money that her work will not stop due to money. The government runs Sukanya Samriddhi Yojana (SSY) to groom the future of girls. It is a government guarantee scheme especially made for daughters.
In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. According to your investment, capital accumulates for the daughter. At present, interest is being given at the rate of 8.2 percent in this scheme. In this long term scheme, you have to invest for 15 years. The plan will mature at the age of 21. If your daughter is under 10 years of age, then you can open Sukanya account in the name of daughter and make her owner of 70 lakhs by the age of 21. Technical information
Such a daughter will become a mistress of 70 lakhs!
If you deposit Rs 1.5 lakh every year in Sukanya Samriddhi account of your daughter’s name, then you will have to save Rs 12,500 for investment every month. You will invest a total of Rs 22,50,000 in 15 years. Currently, the interest rate of this scheme is 8.2 percent. In 21 years, at the time of maturity, a total of Rs 46,77,578 will be available only as interest. On maturity, the daughter will get a total of 22,50,000 + 46,77,578 = 69,27,578 (about 70 lakhs) including interest and invested amount. This amount is more than three times the amount invested. In this way, if you start investing in this account in her name immediately after the birth of your daughter, then at the age of 21, she will become a owner of about 70 lakh rupees.
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 such a situation, your total investment in 15 years will be Rs 15,00,000. Return 31,18,385 after 21 years. In this way, you will get a total of Rs 46,18,385, including the amount invested and interest.
Investment started in 2024, when will you get money?
If you start investing in Sukanya Samriddhi Yojana in the year 2024 in the name of your daughter, then this scheme will be matured in 2045 i.e. you will get the entire money of this 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.
