How can funds worth more than Rs 70 lakh be created through Sukanya Samriddhi Yojana?
Every parent has only one question in their mind regarding their daughter’s education and marriage – is today’s preparation enough for the future? In the era of rising inflation, not only saving but also choosing the right government scheme has become equally important. One such trusted and government supported scheme is Sukanya Samriddhi Yojana (SSY), which can become a strong foundation for the secure future of daughters.
Sukanya Samriddhi Yojana is a small savings scheme of the Central Government, which was especially started to financially secure the future of girl children. Under this scheme, parents can open an account in the name of their daughter, provided the daughter’s age is less than 10 years. This scheme is not only a safe long-term investment option, but the returns and tax benefits available in it make it different from ordinary savings schemes.