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How much annual interest is available on Sukanya Samriddhi Yojana?
Every parent is worried about their daughter’s education, marriage and future needs. If you are also thinking about how to make the right investment for your daughter, then Sukanya Samriddhi Yojana (SSY) is a great option for you. This government-backed scheme currently offers an attractive and fixed interest rate of 8.20% per annum. That is, your money will be absolutely safe and there is no risk of market fluctuations.
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For how long will I have to deposit money in SSY and for how many years will I get it?
The most special thing about SSY is its timetable. Once the account is opened, it remains active for 21 years, but you have to make monthly deposits only for the first 15 years. In the remaining 6 years, your money will continue to earn compound interest at the rate of 8.20% even without any further investment. This is why even a small monthly savings can turn into a huge corpus after 21 years.
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How much will you get by depositing Rs 5000 per month in SSY?
Suppose you deposit Rs 5,000 every month. Your total investment in 15 years will be Rs 9,00,000 lakh, but due to 8.20% interest rate, this amount will increase to around Rs 25 lakh after 21 years. Even with small investment, you can make your dream of making big money come true through this scheme.
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Monthly investment and potential returns in SSY
- Monthly Deposit – ₹1,000 – Total Investment in 15 Years – ₹1,80,000 – Estimated Amount in 21 Years – ₹5 Lakh
- Monthly Deposit – ₹3,000 – Total Investment in 15 Years – ₹5,40,000 – Estimated Amount in 21 Years – ₹15 Lakh
- Monthly Deposit – ₹5,000 – Total Investment in 15 Years – ₹9,00,000 – Estimated Amount in 21 Years – ₹25 Lakh
- Monthly Deposit – ₹12,000 – Total Investment in 15 Years – ₹21,60,000 – Estimated Amount in 21 Years – ₹66 Lakh
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Sukanya Samriddhi Yojana is the best option to secure the future of your daughter.
Sukanya Samriddhi Yojana is the best option for parents who want to make their daughter’s future secure and strong, without any risk. A little monthly savings today can create a big and secure future for your child tomorrow. The biggest advantage of this scheme is that you invest, the money grows and your daughter’s dream fund is created, in a completely safe manner.
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