Sukanya Account: Do you want to provide financial cover for your daughter's future? know here about it...


If you are the father of a daughter and are worried about her future, then you should start financial planning for her from a young age. The sooner you plan for her, the sooner you will deposit a huge fund for her. To make the future of daughters financially strong, the Government of India runs Sukanya Samriddhi Yojana (SSY).


In this scheme, you can deposit from Rs 250 to Rs 1.5 lakh annually. If your daughter is less than 10 years old, then you can open a Sukanya account in the name of the daughter. Investment has to be made in Sukanya Samriddhi Scheme for 15 years and it matures in 21 years. If you start investing in this scheme in the name of your daughter as soon as she is born, then at the age of 21, you can make your daughter the owner of Rs 70 lakh. Know how-

This is how you can save 70 lakhs for your daughter
If you deposit 1.5 lakh rupees every year in the Sukanya Samriddhi Account in your daughter's name, then you will have to save 12,500 rupees every month for investment. In 15 years, you will invest a total of 22,50,000 rupees. Currently, this scheme is getting an interest of 8.2 percent. At the time of maturity in 21 years, you will get a total of 46,77,578 rupees as interest. In such a situation, on maturity, the daughter will get a total of 22,50,000 + 46,77,578 = 69,27,578 rupees (about 70 lakhs). If you start investing in this account in the name of your daughter right from her birth, then at the age of 21, she will become the owner of about 70 lakh rupees.


If you start investing in 2024, when will you get the money?
If you start investing in Sukanya Samriddhi Yojana in the name of your daughter in the year 2024, then this scheme will mature in 2045, that is, you will get the entire money of this scheme by 2024. A big benefit of Sukanya Samriddhi Yojana is that investors can save tax under Section 80C of the Income Tax Act, 1961. -An SSY account can be opened in any post office or authorized bank.

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