Sukanya Samriddhi Yojana: To make the future of the daughters of the country bright, a special scheme has been started by the central government, which is known as Sukanya Samriddhi Yojana. The government has started this scheme in 2015 with the aim of empowering girls financially. Any parent in India can start investing in the SSY scheme for their daughter.
Sukanya Samriddhi Yojana
In Sukanya Samriddhi Yojana, you can open an account for your daughter below the age of 10 years. This SSY account can be opened by going to any bank account or post office. When your daughter turns 21 years old, this money can help in fulfilling your daughter’s education, marriage and all future needs (Sukanya Samriddhi Yojana).
Minimum and Maximum Investment Limits
The biggest feature of this scheme (Sukanya Samriddhi Yojana) is that one gets the benefit of attractive interest rate on the amount deposited in it. Currently, 8.2% interest rate is being given on this Sukanya Samriddhi account, which is higher than other savings schemes. For a girl child above 10 years of age, you can start investing with a minimum of Rs 250 per month and a maximum amount of Rs 1.5 lakh can be deposited in a financial year.
You can invest for two daughters
In this scheme of the Central Government, parents can open an account for their two daughters (Sukanya Samriddhi Yojana). However, if a family has twins or triplets, then under special circumstances accounts can be opened for all three.
The investment period in SSY account is 15 years, and the account matures after 21 years. Also, if you need money in between the investment, then you can withdraw the money after the daughter turns 18 years old.
You will get this much return on a deposit of Rs 4000
If you deposit even 4000 rupees every month in Sukanya Samriddhi Yojana account, you can get higher returns on maturity. In one year, the total deposit amount becomes ₹48,000. Similarly, if you continue investing for 15 years, you get an amount of ₹7,20,000.
You are given an annual interest rate of 8.2 percent on this deposit. Similarly, on maturity you will get a total of ₹14,98,625. Although the maturity of SSY scheme is 21 years, but you have to deposit for 15 years only.
