Sukanya Samriddhi Scheme : Every parent wants their daughter to have a bright future and fulfill all her needs. To achieve this, small saving schemes can be a great help. One such scheme is the Sukanya Samriddhi Yojana (SSY), which is designed to secure the future of daughters. If you want to save for your daughter’s education or marriage, this scheme can be a very beneficial option.
Start Investing with Just ₹250, Build a Large Fund for the Future
The Sukanya Samriddhi Scheme allows you to start investing with a very small amount. You can start with just ₹250 and deposit a maximum of ₹1.5 lakh annually. This is a great way for those who cannot invest a lump sum amount, as you can invest a little bit regularly and build a good fund for the future.
Attractive Interest Rate in Sukanya Samriddhi Scheme
The interest rate in the Sukanya Samriddhi Yojana is very attractive compared to other schemes. Currently, the scheme offers an annual interest rate of 8.2%. If you invest the maximum amount of ₹1.5 lakh annually, you will need to contribute ₹12,500 each month.
If you continue investing for 14 years, your total principal amount will be ₹22.50 lakh. With the same interest rate, after maturity, you could receive ₹69.27 lakh. This means that you will earn a profit of ₹46.77 lakh. Also, you get the benefit of tax exemption under this scheme, which increases your savings.
Maturity Period of 21 Years, but Only 14 Years of Investment
The maturity period of this scheme is 21 years, but you only need to deposit money for 14 years. After that, the remaining years will only accumulate interest. The more you invest, the more return you will get at maturity, with a return almost three times your initial investment. With current interest rates, you could accumulate up to ₹69,27,578 lakh.
Important Points to Remember
- Interest Calculation: In Sukanya Samriddhi Scheme, interest is only given on the money deposited between the 5th and last date of each month. This means if you deposit money after the 5th or before the 5th, you won’t receive interest for that month.
- Interest Credit: The interest is calculated monthly, but it is credited to the account only at the end of the financial year, on March 31st.
Conclusion
The Sukanya Samriddhi Yojana is a great and safe way to save for your daughter’s future. It offers good returns with low investment and also provides tax exemptions. If you want to secure your daughter’s future and start saving with a small amount, this scheme is an excellent option for you.
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