New Delhi: This program was launched by the Government of India, enables parents to register savings accounts for their daughters and earn interest on the money put in. The funds can be used for the education and marriage expenses of the girl child at an interest rate of 8.5 per cent per annum.
One of the better programs, Sukanya Samriddhi Yojana (SSY), allows you to contribute as little as Rs 250 per month towards the future financial security of your daughter.
Benefits of Sukanya Samriddhi Yojana
The investment in a financial year in an SSY account registered in the name of your daughter is limited to Rs 1.5 lakh. Apart from this, you can claim tax benefits under section 80C. By setting aside a small amount each day and putting it in the SSY account every month, you can accumulate a huge amount at one go.
Sukanya Samriddhi Yojana Return Calculator
You can invest Rs 1050 every month in SSY account by saving only Rs 10. 35 per day. Your daily investment of Rs 35 will grow to more than Rs 5 lakh at the current interest rate.
Similarly you can invest Rs. 3000 every month in SSY account. 100 per day. Your daily investment of Rs 100 will mature as approximately Rs 16 lakh at the current interest rate.
You can invest Rs 6000 per month in SSY account by setting aside Rs 200 per day. Your daily investment of Rs 200 will turn into over Rs 33 lakh at the current interest rate.
You can enter Rs. 9000 per month in SSY account by saving Rs.300 per day. Your Rs 300 per day will turn into over Rs 50 lakh at the current interest rate. For the welfare of daughters, the government runs many programs.
The government bears all the expenses of the daughter including her education. One of the many popular programs of the government is the Sukanya Samriddhi Yojana.