Sukanya Samriddhi Yojana: Every parent dreams that their daughter gets the best education and her future is secure. But raising money for rising fees, coaching expenses and marriage is not easy. Keeping these problems in mind, the government started a great scheme – Sukanya Samriddhi Yojana. This scheme is specially designed for daughters so that parents can invest in their future without any worry.
In this scheme, your money is completely safe, and you get compound interest at an annual rate of 8%. The investment has to be made only for 15 years, but the account tenure is up to 21 years. The biggest relief is that the entire amount received on maturity is tax-free; that is, your benefit will be completely yours.
If you deposit Rs 35,000 every year, then your total savings in 15 years will be Rs 5.25 lakh. But this amount can increase to about Rs 16 lakh with compound interest. Your actual investment in this is only Rs 5.25 lakh, while the rest of the amount is earned from interest. This scheme becomes a strong financial base for major expenses like higher education, career, and marriage of the daughter.
The scheme also has the facility that when the daughter turns 18 years old or passes the tenth standard, you can make a partial withdrawal. This provides financial help at the time of need. This is the reason why Sukanya Samriddhi Yojana has become popular across the country today. People from both rural and urban areas are adopting it for the future of their families.
Sukanya Samriddhi Yojana not only provides financial assistance, but also helps in making daughters self-reliant. This scheme is an excellent option for those parents who want a secure and prosperous future for their daughter. The investment is small, but the profit is big – this is its real strength.