Sukanya Samridhi Yojana: Recently, the central government has increased the interest rates of Sukanya Samriddhi Yojana. These interest rates are applicable from April to June.Â
The government has increased the interest on Sukanya Samriddhi Yojana, a special scheme for girls, from 7.60 per cent to 8 per cent. This is more than many schemes and such returns can be obtained from any debt mutual fund only. Increasing the interest rate of the government will greatly benefit the investors of this scheme.
Let us tell you how you can collect funds for your daughter’s marriage through this scheme. This scheme is especially for daughters. You can open an account in it anytime from the age of your daughter till the age of 10 years, whose maturity is in 21 years.
Maturity happens after 21 years
In this scheme, you can open an account anytime between the age of a girl child till the age of 10 years. Its maturity is after 21 years. However, if money is needed for the education of your daughter, then you can withdraw 50% of the amount in the middle after the girl turns 18 years old. At the same time, you can withdraw the remaining amount after the age of 21.
Will get so much money in marriage
Suppose you have deposited Rs 12,500 every month in Sukanya Samriddhi Yojana for your daughter, then in one year your amount will be Rs 1.5 lakh. On the other hand, now if you calculate the interest on maturity, then according to 7.6%, you can deposit a hefty amount for your daughter’s marriage.
Now if you withdraw money from this scheme after 21 years, you will get Rs 63 lakh 79 thousand 634 on maturity. In this, Rs 22,50,000 will be your investment amount and the interest earned will be Rs 41,29,634. Means you can get your daughter married in a grand way for Rs 64 lakh.
