Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana is a government scheme specially designed for daughters. If you have a daughter, after investing in this scheme, you can get rid of her higher education expenses and wedding expenses.
100 rupees a day will make 15 lakhs!
Sukanya Samriddhi Yojana is a long-term scheme, in this, you just have to decide how much money you need for your daughter when she is 21 years old. Suppose you want 15 lakh rupees, for this you do not need to invest a very big amount, you only have to save 100 rupees daily, which will become a hefty 15 lakh rupees in the coming time. We will explain this complete calculation to you, but first, understand this scheme well.
What is Sukanya Samriddhi Yojana
This is a popular scheme of the government to improve the future of daughters. Up to 10 years old daughter’s account can be opened in Sukanya Samriddhi Yojana (SSY Scheme). You can deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. This scheme will be matured when the daughter becomes 21 years old. However, your investment in this scheme will be locked up at least until the daughter of 18 years of age. Even after 18 years, she can withdraw 50 percent 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 After this, all the money can be withdrawn only when she is 21 years of age.
Money accumulates for 15 years only
The good thing about this scheme is that you do not have to deposit money for the full 21 years, from opening an account, you can deposit the money only for 15 years, while the daughter will continue to get interested in that money till the age of 21 years. At present, the government is paying interest at 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 what amount you want for your daughter when she is 21 years old. The sooner you start the scheme, the more amount you will get on maturity, ie, when the daughter is 21 years old.
When to start investing
Just like if your daughter is 10 years old today, and you started investing today, then you will be able to invest only for 11 years, similarly, if you have a daughter of 5 years and you started investing, then you will be able to invest for 16 years, due to which The maturity amount will increase. Now if your daughter is 1 year old in 2021 and you started investing then it will be maturing in 2042. And you can get the maximum benefit of this scheme.
100 rupees a day, how 15 lakh rupees will be made
1. Here we are assuming that you started investing in 2021 and the age of the daughter is 1 year.
2. Now you have saved Rs 100 daily, then Rs 3000 in the month
3. If you deposit Rs 3000 every month. Rs 36,000 in year
4. if you are investing only been 15 years, the total investment was 5.4 million rupees
5. got total interest of 7.6 percent per annum 987,637 rupees
6. when the daughter in 2042 will be 21 years So the scheme will be matured, at that time the total maturity amount will be Rs 15,27,637.
This is the calculation that you have to keep in mind. By saving 100 rupees a day, you can groom your daughter’s future. Every investment has the same basic mantra, starting early. In this scheme too, the sooner you start, the more benefit will be there.