You can start with just ₹250 annually and invest up to a maximum of ₹1.5 lakh in the Sukanya Samriddhi Yojana (SSY). This scheme is for the long term, but the interest rate (8.2%) ultimately generates a substantial amount, securing your daughter's future.
If you deposit ₹1.5 lakh annually in your daughter's SSY account for 15 consecutive years, you can accumulate a corpus of approximately ₹70 lakh at maturity. This fund can be used to cover major expenses like your daughter's higher education or marriage without a loan.
Investing in this scheme also provides tax exemption under Section 80C of the Income Tax Act. This means you are not only saving for your daughter but also saving on your taxes. This scheme offers double benefits: savings and tax savings.
SSY is a fully government-backed scheme, meaning there is absolutely no risk involved. This account, opened through the post office or authorized banks, is completely secure and is not affected by any market volatility.
To open an SSY account, all you need is the girl's birth certificate, her parents' ID, a passbook, and a photo. Visit the post office or bank, fill out the form, and deposit ₹250. That's it! Your daughter's future is now completely secure.
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