Just invest Rs.12,500.. you can get Rs. 70 lakhs.. best plan for your girl child..

Sukanya Samriti Yojana is a small savings scheme. Here Rs. 12,500 investment will help accumulate a corpus of Rs.70 lakh at maturity.

Sukanya Samriddhi Yojana Scheme: Put in Rs. 12,500 a month to earn Rs. 70 lakh-rag

In this changing era, parents in india have big dreams for their baby girl. They want to educate her and make her stand out in the competitive world. At the same time, they consider their daughter's marriage as an important responsibility. A small and regular investment every month will help you accumulate a large amount in the long run. For the purpose of a girl child's education and marriage, the government will give you tax benefits, compound interest and a lump sum for your daughter on maturity.

Sukanya Samriti Yojana is a small savings scheme. Here Rs. 12,500 monthly investment at maturity of Rs. 70 lakhs to help raise funds. This fund can be used to help your daughter get quality education or for her marriage. The scheme is run by post office and banks. sukanya Samridhi Yojana (SSY) is a small savings scheme aimed at girl child education and marriage. The Post office SSY scheme offers an interest rate of 8.2 percent compounded annually.

A guardian can open an SSY account in the name of a girl child below 10 years of age with a minimum investment of Rs 250 per financial year. The maximum deposit limit in a financial year is Rs.1.50 lakh. One can deposit as much as he wants in a month or a financial year. The lock-in period for the scheme is 15 years. This is also the period during which one can deposit every year. One can withdraw money after completion of 15 years, girl child attains 18 years of age or passes 10th class examination.

The account can be terminated after 21 years from the date of opening or on marriage of a girl child after 18 years of age. For your girl child Rs. If you are aiming for a fund of Rs 70 lakh, you need to invest Rs 12,500 per month or Rs 1,50,000 per financial year. In 15 years, your total investment will be Rs.22,50,000. At an interest rate of 8.20 percent, you will get back 46,77,578. This means at maturity, you will get a total of Rs 69,27,578 or almost Rs 70 lakh.

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