Whenever it comes to investing for daughters, the name Sukanya Samriddhi Yojana is definitely taken. Very few people know that daughters can get Rs 63 lakh by investing in Sukanya Samriddhi Yojana. Let's know how.
Know what the expert said
According to finance expert Riya Upreti, "Sukanya Samriddhi Yojana is a government-backed scheme that aims to secure the future of the girl child. The scheme offers a good interest rate, which is quite beneficial."
Get 63 lakhs on investment in Sukanya Samriddhi Yojana
- If an investor starts investing in the Sukanya Samriddhi account for his daughter immediately after her birth, he will be able to invest for 15 years.
- If a person invests ₹12,500 per month in 12 instalments in 12 instalments, assuming a return of approximately 7.6% on completion of the scheme, he will be able to invest ₹1.5 lakhs every year for 15 years. Whereas, the current interest is 8% per annum. If you withdraw this total amount at the age of 21 years of your daughter, then you will get 63 lakh rupees.
Know the essential things about the scheme
- According to the rules of the Sukanya Samriddhi Yojana, if someone has wrongly deposited interest in the Sukanya Samriddhi Yojana account, then the rule to return it has now been removed.
- Explain that you don't need to wait for the daughter to be 21 years old to withdraw money from the scheme. You can withdraw half the amount when your daughter turns 18.
- By investing in it under Sukanya Samriddhi Yojana, you get tax exemption, apart from this your returns are also tax-free.
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