The biggest concern of parents in every house is the future of their daughter. Be it education or marriage, everyone thinks that there should be no shortage of money at both these stages. But it is not easy to create a big fund on a limited income. To solve this problem, the central government has started the Sukanya Samriddhi Yojana.
What is the Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a savings scheme specially designed for daughters. In this, the account is opened in the name of the girl child, and the parents deposit money in it. The scheme is operated by the government, and guaranteed interest is available in it. This account can be easily opened in any bank or post office.
How much can be started?
The best thing about this scheme is that you can start with only Rs 250. At the same time, a maximum of one and a half lakh rupees can be deposited every year. If you deposit Rs 500 every month, i.e., Rs 6000 annually, then this amount seems small, but if invested for a long time, it can become a fund of lakhs of rupees.
A big fund is created from small savings
If a parent deposits Rs 500 every month for 15 years continuously, then their total investment will be Rs 90,000. But on maturity, this amount can reach Rs 2.5 to 3 lakh, including interest. This is its real strength, that a big support can be created for the daughter even with small savings.
Arrangements will be made for both education and marriage
The duration of this scheme is 21 years. After the girl turns 18, there is a facility for partial withdrawal for studies. With this, college fees or any other educational expenses can be met. The remaining amount remains safe in the account, and interest keeps coming on it. In this way, this scheme becomes a support for both the education and marriage of the daughter.