Invest for the future of daughters
Saving in Sukanya Samriddhi Yojana is a great option for the future needs of daughters. The Government of India has made this small saving scheme to brighten the future of the daughters of the country. If your daughter is still young and you want to save for her higher education or marriage then you should start investing in Sukanya Yojana. It is a safe investment option.
You can start investing from Rs 250
In Sukanya Bachat Yojana, the parents can open the account of their daughters who are 10 years or less. No huge amount is required to start an account. You can open a Sukanya Samriddhi account with an investment of just Rs.250. An investment of up to 1.50 lakh can be started annually in this savings scheme.
The interest in Sukanya Yojana is higher than all other small savings schemes. At present, the government is giving 7.6 percent interest on investment in Sukanya Yojana. 12500 rupees can be invested every month in this scheme. If the interest rate remains the same and you continue investing for 14 years, then in these 14 years you will invest Rs 22.50 lakh. On maturity, you can get Rs 63.65 lakh for an investment of Rs 22.50 lakh. In this way, after the principal, you can raise a fund of Rs 41.15 lakh. The interest earned on the Sukanya scheme and the amount invested is not taxed at all. If we talk about the maturity period of Sukanya Yojana, then it is 21 years, but money has to be invested in the scheme only for 14 years. Interest keeps on adding up for the remaining 7 years.