Every parent wishes for their daughter to have a secure future full of opportunities. However, dreaming alone won’t make it a reality. With growing expenses on education, marriage, and living, the burden piles up rapidly. Hence, saving early is no longer an option, but an imperative.
Let’s assume: in 20 years, you can save up to ₹1 crore for her, without placing any bets.
Why Is This Scheme So Special?
Under the Beti Bachao, Beti Padhao plan, the Indian government had launched a major savings strategy early in 2015. Called the Sukanya Samriddhi Yojana, this is a distinctive investment plan only for girls.
It is not just a simple saving account. It’s tax-free, government guaranteed, and provides reasonable returns in the long run. It’s a money time machine, the sooner you begin, the higher the reward.
How Does It Work?
We will do it step by step. You open an account in the name of your daughter as early as possible (the best being birth). You may deposit up to ₹1.5 lakh per year into this account. Over a period, this amount grows slowly initially, and then very fast because of compounding.
And here’s the surprise: at an 8.2% rate of interest, if you save the whole ₹1.5 lakh annually, you can accumulate around ₹78 lakh in 21 years. That’s without even adding up the tax savings yet!
Bonus: Save on Taxes Too
This is not just saving for your daughter, but also saving your money today. If your income is above ₹15 lakh annually, putting in ₹1.5 lakh here can save you as much as ₹45,000 every year under Section 80C.
Twenty years, that’s a nice ₹9.45 lakh in the form of a tax exemption itself. On top of the corpus of ₹78 lakh, you have an overall gain of ₹88 lakh. Not bad for a risk-free policy.
Why It’s a Game-Changer
It is not figures on paper. It is your daughter’s wedding fund. Her college fund. Her seed capital. All of it, bit by bit, quietly, as life unfolds.
Begin now. Because sometime your daughter may thank you on stage at her graduation or at her wedding for having faith in her 20 years ago.
