Sukanya Yojana: Secure your daughter's future by investing Rs 333 every day, know the details


If you also want to invest, then government schemes will be better for your investment. You can invest in the Sukanya Samriddhi Yojana run by the government in the name of your child and when he turns 21, you can make a fat fund of Rs 51 lakh at the time of maturity. Sukanya Samriddhi Yojana is a Government of India-backed small savings scheme that helps parents save money for the long-term financial needs of their children.


An investor is allowed to invest in this completely risk-free investment option till his daughter turns 14 years old. However, 50 per cent of the maturity amount will be able to be withdrawn when the girl child turns 18 and the full maturity amount when she turns 21.

Sukanya Samriddhi Yojana calculator
If a person starts investing in the Sukanya Samriddhi Yojana account immediately after the birth of his child, he will be able to invest for 15 years as the SSY scheme allows an investor to invest in this small savings scheme. Till his girl becomes 14 years old. As this allows an investor to claim income tax benefits under Section 80C of the Income Tax Act, if an investor invests Rs 10,000 per month (333 per day) he can earn Rs 1.20 lakh per year in 12 equal installments Will be able to invest Rs.

On the other hand, if an investor does not go for a 50 per cent maturity amount after his daughter turns 18, then he will be able to get a maturity amount of Rs 51,03,707 or approximately Rs 51 lakh. One's total investment in this Rs 51 lakh would be Rs 18 lakh and the interest earned after the maturity period of 21 years would be Rs 33,03,707 or approximately Rs 33 lakh.


Take special care of these things
The interest rate of Sukanya Samriddhi Yojana has been considered as 7.6 per cent for the entire tenure as it keeps on changing and we have kept the interest rate at lower levels.

So, if an investor starts investing Rs 10,000 per month in a Sukanya Samriddhi Yojana account immediately after the birth of his daughter, the girl child will become a millionaire at the age of 21.

On investing in this scheme, investors can claim income tax exemption of up to Rs 1.50 lakh invested in the SSY account every financial year under Section 80C of the Income Tax Act. (PC. Social media)

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