Sukanya Samriddhi Yojana –Have you ever thought how much money can a saving of Rs. 1000 per month provide to your daughter? This small saving in the Central Government’s Sukanya Samridhi Yojana can be very useful when your daughter grows up. The good thing is that the Central Government has not made any change in the interest rates of Sukanya Samridhi Yojana .
The good thing is that the central government did not reduce it and maintained the interest rate at 8.2 percent. In such a situation, if you have not yet opened an account in the name of your daughter under this government scheme , then open it now. You will get the benefit of this interest rate only. Under Sukanya Samriddhi Yojana, you can open an account with just Rs 250. In this scheme, money has to be deposited for 15 years.
However, the money is received after completing 21 years. You can get information about how to apply for this scheme, what are the eligibility criteria, by clicking on ‘Sukanya Samriddhi Yojana’.
250 rupees will make you a millionaire
The special thing about this scheme is that anyone, from poor to financially rich, can open this account in the name of their daughter. In this scheme, money can be deposited at the rate of Rs 250 per month. If you deposit this much money every month, then at the time of maturity your daughter will get Rs 1,38,653. Whereas you will have to deposit only Rs 45,000. Under this scheme, a maximum of Rs 1.5 lakh can be deposited every year.
If you deposit Rs 1000 every month or Rs 12,000 every year under Sukanya Samriddhi Yojana, you can get a huge amount after 21 years. By depositing Rs 1000 every month, you will deposit Rs 1 lakh 80 thousand in 15 years while the interest on it will be Rs 3,74,612. This means your daughter will get a total of Rs 5,54,612. Think how much just Rs 1000 will help your daughter. Similarly, in the chart given below, you have been told about the money you will get on depositing different amounts.
Calculate like this
If you want to find out how much money you will get on maturity after depositing so much money, you can find out this information through an online calculator. You just have to fill the amount in the box and click on the submit button. You will get complete information.
If you are thinking that you cannot withdraw money under this scheme before 21 years, then it is not so. The money deposited in Sukanya Samriddhi Yojana can be withdrawn for the needs like marriage or education of the daughter when she turns 18 years old. However, only 50 percent of the money will be available. For this also, proper documents will have to be shown. The remaining money will be available after the completion of the period of 21 years.