Dhanteras 2021: This investment can make your daughter a millionaire on Dhanteras


Diwali 2021: His daughter will become helpful for those planning for investment. We are going to tell you about such a government scheme where you can add a huge amount by investing very little money. The name of this government scheme is Sukanya Samriddhi Yojana ie SSY.

With this scheme, you can not only secure the future of your daughter, but also help you save income tax by investing money in this great investment option. The benefit of this scheme can also be availed by saving Re 1 per day.

What is the plan?

Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the central government for daughters, which has been launched under the Beti Bachao Beti Padhao scheme. Sukanya is the best interest rate scheme in small savings scheme.

Possible to start with less than 1 rupee per day

Account can be opened in Sukanya Samriddhi Yojana with just Rs.250. That is, even if you save less than Re 1 per day, you can still take advantage of this scheme. At least Rs 250 must be deposited in any one financial year. In any one financial year, no more than Rs 1.5 lakh can be deposited in the SSY account at one time or several times.

How much is the interest?

At present, interest was being given in SSY account (Sukanya Samriddhi Account) at the rate of 7.6 percent which is with income tax exemption. Earlier, interest up to 9.2 percent has also been received in it. After the age of 8 years, up to 50 percent of the amount can be withdrawn for the education expenses of the daughter.

Calculation of becoming a millionaire

Suppose you invest Rs 3000 every month in this scheme i.e. Rs 36000 annually, you will get Rs 9,11,574 after 14 years at 7.6 per cent compounding annually. On 21 years ie maturity, this amount will be around Rs 15,22,221. Let us inform that at present interest was being given in SSY at the rate of 7.6 percent which is with income tax exemption.

open account like this

The account under Sukanya Samriddhi Yojana can be opened in any authorized branch of any post office or commercial branch. Under this scheme, the account can be opened after the birth of the girl child before the age of 10 years with a minimum deposit of Rs 250. In the current financial year, a maximum amount of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana. Let us inform that after opening the Sukanya Samriddhi Yojana account, it can be run till the girl child attains the age of 21 years or till she gets married after the age of 18 years.

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