Sukanya Samriddhi Yojana: There is no change in the interest rate of Sukanya Samriddhi Yojana. Sukanya Samriddhi Yojana is such a scheme run by the central government which has been specially prepared for the daughters, so that their future can be secured.
New Delhi: Sukanya Samriddhi Yojana: If you are also the father of a daughter, then do something special for your daughter this Diwali. This Diwali, make such a plan for the Lakshmi of the house that your sweetheart never faces any money problem. You can make a huge fund for your daughter by saving only Rs 416 per day in Sukanya Samriddhi Yojana. This savings of Rs 416 per day will later become a hefty amount of Rs 65 lakh for your daughter.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is such a long-term scheme, by investing in which you can be sure about your daughter’s education and future. You do not even need to invest a lot of money for this. First decide how much money you need for your daughter when she turns 21. Let us explain its complete calculation to you.
Government’s great scheme for daughters
This is a popular scheme of the government to improve the future of daughters. The account of a daughter up to 10 years of age can be opened in Sukanya Samriddhi Yojana. In this, you can deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. This scheme will mature when the daughter turns 21. However, your investment in this scheme will be locked at least till the daughter turns 18. Even after 18 years, she can withdraw 50% of the total amount from this scheme. Which she can use for graduation or further studies. After this, all the money can be withdrawn only when she is of 21 years of age.
Money is deposited only for 15 years
The good thing about this scheme is that you do not have to deposit money for the entire 21 years, money can be deposited only for 15 years from the time of opening the account, while interest will continue to accrue on those money till the daughter’s age of 21 years. At present, the government is giving interest on this at the rate of 7.6% per annum. This scheme can be opened for two daughters of the house. If there is a twin, then 3 daughters can also take advantage of the scheme.
How to prepare for investment
First of all you have to decide how much amount you need for your daughter when she turns 21. The sooner you start the scheme, the more amount you will get on maturity ie the daughter turns 21. The mantra of investing is choosing the right time.
When to start investing
Like if your daughter is 10 years old today, and you start investing today then you will be able to invest only for 11 years, similarly if you have a 5 year old daughter and you start investing then you will be able to invest for 16 years, so that The maturity amount will increase. Now if your daughter is 1 year old today in 2021 and you start investing then it will mature in 2042. And you can get maximum benefit of this scheme.
65 lakh rupees will be made like this from Rs 416
1. Here we are assuming that if you start investing in 2021, then your daughter’s age is 1 year.
2. Now you have saved Rs 416 per day, then Rs 12,500 in the month
3. If you deposit Rs 12,500 every month then Rs 15,00,00 in the year
4. If you do this investment only for 15 years, then the total investment is Rs 2,250,000
5. At 7.6% per annum interest, you got total interest of Rs 4,250,000
6. In 2042, when the daughter turns 21, the scheme will mature, at that time the total maturity amount will be Rs 6,500,000.
This is the calculation that you have to keep in mind. By saving just Rs 416 a day, you can save your daughter’s future. The basic mantra of every investment is to start early. The sooner you start in this scheme, the more benefit you will get.
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