Sukanya Samriddhi Yojana is a government plan. It is made for daughters. This plan helps parents save money for big things like education or marriage. If your daughter is below 10 years, you can open this account for her. You can save small amounts every year. Slowly, this money will grow into a big amount. This plan is simple and safe. Parents can save for their daughter without worry. Let me explain it to you in easy words.
Save ₹24,000 Every Year and Get ₹11,08,412
If you put ₹24,000 in this account every year, you will save ₹3,60,000 in 15 years. But the best thing is the government gives interest of 8.2%. This interest is added to your money every year. This way, your money grows more and more. When this account matures after 21 years, your total money will be ₹11,08,412. This is more than three times what you save.
How Interest Works
Let’s see how your money grows. In the first year, you put ₹24,000. On this, the government gives 8.2% interest, which is ₹1,968. So, at the end of the first year, your total becomes ₹25,968.
IDFC First Bank ₹50,000 Loan: Easy Money for Your Needs
Next year, you put ₹24,000 again. Now your total is ₹49,968. On this amount, you get interest of ₹4,097. So, your total becomes ₹54,065.
Every year, this process repeats. Your money keeps growing. After 21 years, your ₹3,60,000 becomes ₹11,08,412. This is how your money grows without any risk.
Why This Plan Is Special for Your Daughter
Today, education and marriage cost a lot of money. If you start saving now, you won’t have to worry later. This plan helps parents prepare for these big expenses. It gives them peace of mind. The best thing is that this plan is only for daughters. It helps parents focus on their daughter’s future.
Can You Take Money Early
Yes, you can. When your daughter turns 18, you can take out 50% of the money. This can be used for her education or marriage. This is very helpful for parents.
How to Open an Account
Opening this account is easy. Go to your nearest post office or bank. Take your daughter’s birth certificate, your ID proof, and address proof. They will open the account for you. After that, you can deposit money anytime.
Why This Plan Is Safe
This plan is supported by the government, so your money is 100% safe. It is not affected by the ups and downs of the market. Also, you don’t have to pay any tax on the money you deposit, the interest you earn, or the final amount you get. This makes it even better.
Example of Saving Money
Let’s understand this with a simple example. Suppose you save ₹24,000 every year for 15 years. Your total deposit will be ₹3,60,000.
In these 15 years, interest will keep adding to your money. By the time the account matures after 21 years, your total money will become ₹11,08,412. This money can help your daughter in her higher studies or marriage. It will be a big support for her future.
A Step Towards a Bright Future
Sukanya Samriddhi Yojana is not just a savings plan. It is a way to secure your daughter’s dreams. By saving a small amount every year, you can ensure a big future for her.
If you are a parent, don’t wait. Open this account today. It is easy, safe, and very helpful. Start saving for your daughter’s future now. This small step today can make a big difference in her life tomorrow.
