Sukanya Samriddhi Yojana: The government runs a number of schemes for the welfare of daughters. The government pays for all of a daughter’s expenses, including her education. Sukanya Samriddhi Yojana is one of popular schemes among the various schemes of government.
Sukanya Samriddhi Yojana:
The Government of India has launched this scheme, which allows parents to open a savings account for their daughters and earn interest on the funds deposited. The interest rate is currently 8.5% per year, and the funds can be used for the daughter’s education and marriage expenses.
Sukanya Samriddhi Yojana (SSY) is one of the best schemes where you can invest as low as Rs 250 per month to financially secure your daughter’s future.
You can invest up to Rs 1.5 lakh in a financial year in an SSY account opened in the name of your daughter. Besides this, you can also claim tax benefits under section 80C. You can accumulate huge amount in lump sum by saving small amount daily and investing them in SSY account on monthly basis.
How this scheme works:
By saving just Rs.35/day you can invest Rs.1050/month in SSY account. At the current interest rate, your Rs 35/day will turn into over Rs 5 lakh at maturity.
Similarly, by saving only Rs.100/day, you will be able to invest Rs.3000/month in SSY account. At the current rate of interest, your Rs 100 per day will turn into over Rs 16 lakh at maturity.
By saving Rs 200 per day, you can invest Rs 6000/month in SSY account. At the current rate of interest, your Rs 200/day will turn into over Rs 33 lakh at maturity.
By saving Rs.300 per day, you will be able to invest Rs.9000/month in SSY account. At the current rate of interest, your 300/day would turn into over Rs 50 lakh at maturity.