Daughters’ Marriage Worry Over, Government Will Give 72 Lakh Rupees, Know Details

Sukanya Samriddhi Yojana – Everyone wants to raise their daughter well, educate her, and marry her into a good family. The government is also running several special schemes in its mission to make daughters self-reliant. You’re probably familiar with the Sukanya Samriddhi Yojana. Under this scheme, daughters can easily earn up to ₹72 lakh upon maturity.

You might be surprised to hear such a large sum. Under this scheme, your daughter’s name must be linked to a bank or post office. You can learn about the Sukanya Samriddhi Yojana below to learn how to raise ₹72 lakh in your daughter’s name. This scheme is going to be very special.

Specifications related to the Sukanya Samriddhi Yojana

The Central Government’s Sukanya Samriddhi Yojana can help daughters become wealthy. You can open an account in your daughter’s name at any bank or post office. Investments under the Sukanya Samriddhi Yojana earn 8.2% interest annually. This quarterly investment is scheduled for October and December.

According to a report, more than 4 crore daughters have enrolled in the Sukanya Samriddhi Yojana (SSY). Interest rates are revised quarterly. Over 3.25 lakh crore rupees have been deposited in the scheme so far.

The government has set the maturity age at 21 years. This means that by this age, a substantial corpus can be accumulated in the daughter’s name without any hassle. An investment of ₹1,250 per month is required.

How to create a corpus of ₹72 lakh

Up to ₹72 lakh can be accumulated upon maturity. If a person invests ₹1.5 lakh annually from the time of birth, this corpus will be created by the age of 21. The annual deposit will be ₹1.50 lakh. The deposit period for the scheme is up to 15 years, with a maturity period of 21 years. The interest rate is fixed at 8.2%.

The total deposit amount over 15 years is ₹22,50,000. The interest earned will be up to ₹49,32,119. Upon maturity, you will receive a total of ₹71,82,119. You can then comfortably arrange for your daughter’s marriage and education. Opening an account under the Sukanya Samriddhi Yojana will free you from the stress of weddings.