Sukanya Samriddhi: Sukanya Samriddhi Yojana was introduced 10 years ago to give wings to the dreams of the parents of a daughter. It gives an emotional connect with the daughter.
Wealth Generation For Daughter: As soon as a little angel comes to your house as a guest, you start dreaming about her future. The picture of her education to her marriage starts forming in front of your eyes at the time of her birth. To give wings to these dreams of the parents of a daughter, the Government of India came up with Sukanya Samriddhi Yojana 10 years ago. Times have changed a lot in 10 years. Now the need for a good monetary gift is felt for the daughter instead of a small monetary gift for her education. Sukanya Samriddhi Yojana definitely gives an emotional connect with the daughter, but to become a wealth generator for the daughter, you need an investment connector instrument more than an emotional one. Therefore, it is important for you to know what can give your daughter better returns than Sukanya Samriddhi Yojana.
These are the benefits of Sukanya Samriddhi Yojana
Even after Sukanya Samriddhi Yojana completed 10 years on January 22, there is no dearth of people who like it. Its first advantage is that its 8.2 percent interest rate gives better returns than other savings schemes. An account can be opened in the post office under this scheme for girls below 10 years of age. Parents can operate it till the girl turns 18 years old. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this account every year. Money can be deposited in it till 15 years after the account is opened. This account will mature and close after 21 years of opening. After the daughter turns 18, part or full money can be withdrawn from this account at any time. According to experts, it not only gives tax benefits but also gives better returns.
What can be better than Sukanya Samriddhi
According to financial experts, Sukanya Samriddhi Yojana gives good returns, but due to its maturity period being after 21 years, it is not a good option for the girl’s higher education. Withdrawing money just after the girl turns 18 does not give good returns. On the other hand, investing money in equity mutual funds can also give better returns and there is no problem in withdrawing money in between. The cost of education has increased a lot in 10 years. Therefore, it is not right to limit the maximum deposit to only Rs 1.5 lakh annually. It should be increased.
