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Every parent saves financially to secure their daughters' future. By investing in various schemes, they guarantee a bright future. Among these, the government scheme Sukanya Samriddhi Yojana is particularly recognized. In this scheme, an account can be opened in the daughter's name with a minimum amount of investment, and interest worth lakhs of rupees can be earned.
An account can be opened under the Sukanya Samriddhi Yojana up to 10 years after the birth of a girl or until she is 15 years old. This scheme is ideal for the bright future of the girl. It requires an investment for 15 years, which closes after 21 years of age. However, interest continues to be earned for 21 years. According to the new interest rates announced by the Ministry of Finance, this scheme offers an interest of 8.2 percent, which is determined on a quarterly basis. This rate will remain unchanged from June to March.
In this scheme, you can invest a minimum of 250 rupees to a maximum of 1.50 lakh rupees per year. Money can be deposited in various installments. If 1.50 lakh rupees are invested every year from the birth of the girl, a total investment of 22.50 lakh rupees will be made in 15 years. After 21 years, a total of 71.82 lakh rupees will be received with 8.2 percent interest, where the interest amount will be 49.31 lakh. This amount will be useful for the girl's higher education, marriage, or other needs.
To avail the benefits of this scheme, parents should apply at the nearest post office or authorized bank. Online facilities have also become available during the Corona period. Experts believe that this scheme is very safe and beneficial for long-term investment. Millions of parents have benefited from it, and due to government provisions, tax exemption is also available.
A Sukanya Samriddhi account can be opened in the post office in the name of the girl.
After 15 years of investment, the total amount will be 71.82 lakh rupees after 21 years.
If 1.50 lakh rupees are deposited annually, 49.31 lakh can be earned from interest.
The scheme is safe, government-guaranteed, and also offers tax benefits.