Sukanya Samriddhi Yojana: The year 2024 is nearing its end. In just a few days, the year 2025 will commence. In this article, we will share details about an excellent government investment program, allowing you to open an account for your daughter to invest on the New Year. The plan we will discuss today is called Sukanya Samriddhi Yojana. If you wish to save funds for your daughter’s wedding or her schooling, you can put your money into this program.
8.2% interest rate!
Currently, you can earn an interest rate of 8.2 percent by investing in Sukanya Samriddhi Yojana. The Government of India launched the Sukanya Samriddhi Yojana in 2015. In this case, you may consider investing in this plan to ensure your daughter’s future for the New Year. Investing in Sukanya Samriddhi Yojana also provides you with income tax exemption. This plan falls within the EEE (Exempt-Exempt-Exempt) classification. In this scenario, you can receive a rebate of Rs 1.5 lakh under 80C by putting money into this scheme.
Minimum investment is Rs 250
This plan matures 21 years after opening an account in the Sukanya Samriddhi Yojana. In this plan, you need to invest for 15 years. Under the Sukanya Samriddhi Yojana, funds from this scheme can be accessed once your daughter reaches 18 years of age. In the Sukanya Samriddhi Yojana, the minimum investment is Rs 250 and the maximum is Rs 1.5 lakh per year. This plan is entirely secure regarding investment.
By putting your money into it, you can avoid any form of market risks. Sukanya Samriddhi Yojana is an investment scheme designed for the long term. If you start your daughter’s account in this program when she is five years old and invest Rs 1.5 lakh each year, at maturity you will receive Rs 69,27,578.
Disclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.