Sukanya Samriddhi Yojana: Get updates, your deposit amount will treble, and you will get Rs 70 lakh at maturity

Sukanya Samriddhi Yojana: Get updates, your deposit amount will treble, and you will get Rs 70 lakh at maturity

Sukanya Samriddhi Yojana: Get updates, your deposit amount will treble, and you will get Rs 70 lakh at maturity

Sukanya Samriddhi Yojana: The government is running this program specifically for daughters. This program aims to save girls from low-income households from having to deal with financial hardships in the future. The interest rate on this plan has been raised by the federal government from 8% to 8.2% for the quarter ending in January through March.

Sukanya Samriddhi Yojana: The Central Government oversees a number of Small Savings Plans. For people looking to invest modest sums of money to build a solid fund for the future, these plans are quite helpful. It could be wiser for you to invest in Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana - SSY) if you also want to contribute to your daughter's marriage or further education. The Central Government has now raised the interest rate offered on this program from 8 percent to 8.2 percent for the January through March quarter.

You may create an account at a bank or post office for your fortunate 10-year-old daughter under this arrangement. You may make yearly deposits in SSY ranging from Rs 250 to Rs 1.5 lakh. You also get an exemption from income tax on the amount deposited under Section 80C of this plan.

Over 200 percent yield

Currently, the Sukanya Samriddhi Yojana offers the highest interest rate for modest savings plans. This entails an annual interest rate of 8.2 percent. This program offers a guarantee of a return that is more than three times. At maturity, a fund of Rs 70 lakh, or more than three times your investment, may be generated if Rs 1.50 lakh is deposited annually in the plan. You may invest as little as Rs 250 and as much as Rs 1.50 lakh with this plan. An account may be started under the Sukanya Samriddhi Yojana before the girls become ten years old. Under this plan, a family's maximum of two daughters' accounts may be created. You may set aside money for your daughter's marriage and further education by participating in this initiative.