Sukanya Samriddhi Yojana Account- A girl child is not a burden, but in today’s era, girls are competing with boys in every field of work. When a girl child is born, many parents worry about saving for the future. But did you know that there is a scheme of the government, where you can make your child’s future much safer by investing a small amount of money? Find out about this scheme-
From the birth of a girl child to her upbringing, there are several schemes to secure her future. One of them is the Sukanya Samriddhi Yojana, which is specially brought for girl children. You can get up to Rs 27 lakh by depositing small amounts in this scheme. The current interest rate on the Sukanya Samriddhi Yojana is 8.2 percent, which is higher than many investment schemes. There is also no tax payable on this investment scheme.
How to open an account?
You can open a Sukanya Samriddhi Yojana account in your daughter’s name with just Rs 250. This account can be opened at any post office or affiliated bank branch. A Sukanya Samriddhi Yojana account can be opened for a maximum of two daughters in a family. This scheme requires investment for 15 years. When the daughter reaches the age of 21, the full amount will be available.
If you invest Rs 1000 per month in this scheme , you will invest Rs 12,000 per year. If you invest for 15 years, you will accumulate a total of Rs 1,80,000. If calculated at an interest rate of 8 percent, the interest amount will be approximately Rs 3,74,612 . The total amount deposited and the interest amount will be Rs 5,54,612.
Similarly, if you invest Rs 5,000 every month and invest for 15 consecutive years, you will receive 27 lakh 73 thousand taka in interest and deposit. Money can be withdrawn from this scheme when the girl child turns 21. However, if the girl turns 18, you can withdraw up to 50 percent of the amount deposited for her higher education or marriage.