sukanya scheme
On one hand, there is a period of turmoil in both the stock market and gold-silver. In such a situation, it is a big challenge for investors to invest their money in the right place. Especially when you are thinking of long term investment. If you are also a parent and are planning to invest for your daughter’s future, then this news is for you only. We are going to tell you about such a government scheme, by investing in which you will not have to worry about market fluctuations and you will also get a good amount of funds on maturity of 21 years.
Every parent dreams that there should be no shortage of money at the time of their daughter’s education and marriage. If you also want to prepare a big fund for the future with small savings, then Sukanya Samriddhi Yojana (SSY) can be a great option for you. This is a safe savings scheme of the Central Government, which has been specially designed for daughters.
The biggest feature of this scheme is its attractive interest rate. Currently, SSY is getting 8.2% annual interest, which is more than common bank FD and many other savings schemes. Since this is a long term scheme, one gets the full benefit of compounding. If you keep investing regularly, a big fund can be created after 21 years.
Who can open an account?
In this scheme, an account can be opened in the name of a daughter below 10 years of age. Parents or legal guardian can open this account for the daughter. A family can open two separate accounts in the name of maximum two daughters. In this way the future of both the children can be secured.
Where and how is the account opened?
SSY account can be easily opened in post office or authorized bank. While opening an account, daughter’s birth certificate, parents’ identity and address proof and photograph are required. The process is simple and once the account is opened, you can deposit the amount any time during the year.
Start with low investment
In this scheme, it is necessary to deposit a minimum of Rs 250 annually, while a maximum of Rs 1.5 lakh can be invested. If you wish, you can deposit the money in installments or at one go. After opening the account, investment has to be made for 15 years and this scheme matures in 21 years. After the daughter completes 18 years of age, some amount can also be withdrawn for higher education.
relief in tax also
SSY has been placed in EEE category. That is, the amount deposited, the interest received on it and the maturity amount are not taxed. Besides, it also gives tax exemption under section 80C in the old income tax system. Overall, if you want to make your daughter’s future financially strong, SSY is a reliable and beneficial government scheme. This is an easy way to achieve big goals through small savings.
Also read- Old record broken in Valentine 2026, data of rose-chocolate and condom increased
