Post Office Scheme: How ₹250 Annual Investment Can Grow To ₹71 Lakh for Your Daughter
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to secure the future of daughters. Under this scheme, any Indian citizen can invest for their daughter aged 10 years or younger, with a minimum annual deposit of ₹250.
Why Government Schemes Still Hold Value
In modern times, many people are turning to the stock market for investment, seeking alternatives to traditional bank FDs and government schemes. However, government schemes like the Sukanya Samriddhi Yojana (SSY) offer several advantages, including guaranteed returns and tax benefits. This makes them an attractive option for those looking for secure, long-term savings.
Why Government Schemes Still Hold Value
In modern times, many people are turning to the stock market for investment, seeking alternatives to traditional bank FDs and government schemes. However, government schemes like the Sukanya Samriddhi Yojana (SSY) offer several advantages, including guaranteed returns and tax benefits. This makes them an attractive option for those looking for secure, long-term savings.
Key Features of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is one of the highest-interest-paying government schemes, offering an annual interest rate of 8.2%. By investing regularly in this scheme, your daughter could receive over ₹71 lakh when she turns 21, ensuring her financial security for the future.
How the Scheme Works
Eligibility: Open to any Indian citizen for a daughter aged 10 years or younger.
Investment: A minimum annual deposit of ₹250 is required, while the maximum is capped at ₹1.5 lakh.
Tenure: You can invest for 15 years, and the maturity amount is provided when your daughter turns 21.
Important Rules to Keep in Mind
The government revises the interest rate for Sukanya Samriddhi Yojana accounts every quarter. Any change in the interest rate affects the maturity amount.
Tenure: You can invest for 15 years, and the maturity amount is provided when your daughter turns 21.
Important Rules to Keep in Mind
The government revises the interest rate for Sukanya Samriddhi Yojana accounts every quarter. Any change in the interest rate affects the maturity amount.
To maximize interest, the investment should be deposited before April 5th each financial year.
The maturity amount is not based on your daughter's age but on the account’s completion of 21 years from the date of opening.
How to Accumulate ₹71 Lakh
If you invest ₹1.5 lakh annually for 15 years, you will be able to accumulate ₹22,50,000. With the current interest rate of 8.2%, the total maturity amount will be ₹71,82,119, of which ₹49,32,119 will come from the interest earned. The maturity amount is completely tax-free, providing significant financial benefits.
This scheme offers a secure and lucrative option for parents looking to invest in their daughter’s future, combining high returns with peace of mind.
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