Under this scheme, accounts can be opened only for those daughters whose age is less than 10 years. Daughters are getting a tremendous interest of 8.2 percent on this government scheme. Here we will know some important things related to this scheme. Along with this, we will also know that if you deposit Rs 1 lakh every year in Sukanya Samriddhi Yojana, then how much money will you get on maturity?

A maximum of Rs 1.5 lakh can be deposited in a year

Under Sukanya Samriddhi Yojana, accounts can be opened for a maximum of 2 girls in a family. However, in families where there are twin daughters, more than 2 accounts can be opened. In this scheme, you can deposit a minimum of Rs 250 to a maximum of Rs 1.5 lakh annually. Sukanya Samriddhi Yojana account can be opened in any bank. Apart from banks, accounts can also be opened in post offices under the SSY scheme.

The scheme matures after 21 years from the date of opening the account

Under Sukanya Samriddhi Yojana, you have to invest for 15 years. The account opened in the name of the daughter matures after 21 years. However, when your daughter turns 18 years old and you have to get her married, then in such a situation also you can close the account. Apart from this, the account can also be closed after 5 years in some different circumstances. Keep in mind that the account can be closed only after 5 years from the date of opening the account.

If you deposit 1.5 lakhs every year then how much money will you get on maturity
If you deposit Rs 1 lakh every year in this government scheme, then after 21 years, at the time of maturity, a total of Rs 46,18,385 will come in your daughter’s account. This includes Rs 15,00,000 of your investment and Rs 31,18,385 of interest. Let us tell you that this is a government scheme, so there is no risk of any kind in it. In this scheme, you get fixed and guaranteed returns.

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To open an SSY account, it is necessary to deposit at least Rs 250. At the same time, up to Rs 1.5 lakh can be deposited in a year. Investment has to be made in the account for 15 years. SSY account matures in 21 years. However, when the daughter turns 18, money can be withdrawn for education or marriage.

You will get Rs 22 lakh by investing ₹50,000!

Suppose your daughter is 5 years old and you start investing from 2024. In such a situation, understand from this calculation how SSY is a profitable deal for you. If you invest ₹ 50 thousand annually, then you will have to invest the money in SSY till the year 2039. During this period you will invest a total of Rs 7,50,000. On this you will get only interest of ₹ 14,94,845.

When your daughter turns 18 (in the year 2042), you can withdraw some amount from the SSY account for education or marriage. At the same time, in the year 2045, the account will become completely mature and you will be given the investment amount and interest amount together which is ₹ 7,50,000 + ₹ 14,94,845 i.e. ₹ 22,44,845.

A big benefit of Sukanya Samriddhi Yojana is that investors can save tax under Section 80C of the Income Tax Act, 1961. To avail the benefits of Sukanya Samriddhi Yojana, parents must open an SSY account before their daughter turns 10 years old.

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SSY Calculator: If you are the father of a girl, then you will be well aware of the fact that worrying about the future of daughters starts from their childhood itself. To meet all the expenses of your daughters from education to marriage, you should start investing from today itself. By doing this you will not have much trouble in collecting funds in future. In this condition, you can take help of Sukanya Samriddhi Yojana for financial planning. What is SSY scheme and how to get fund of Rs 44 lakh, read complete information here.

What is SSY scheme?

Sukanya Samriddhi Yojana of the Government of India is very beneficial for the daughters of the country. Parents of girls below 10 years of age can open SSY account. At present, interest rate of 8% per annum is being offered on investment in SSY. Keep in mind that by investing in Sukanya Samriddhi Yojana, parents can deposit a maximum of Rs 1.5 lakh in a year. Investment in SSY scheme has to be made for 15 years. The maturity period of this scheme is 21 years. However, when your daughter turns 18 years of age, you can withdraw money from the account for marriage or studies.

How to deposit ₹44 lakh fund, this is the easy way

To create a fund of Rs 44 lakh, you will have to invest ₹ 1 lakh annually for 15 years. This means that in 15 years you will deposit a total of Rs 15 lakh in your SSY account. According to the annual interest of 8%, you will get total interest of ₹ 29,89,690 on SSY account. Let us tell you, on maturity you will get the invested amount (15 lakh) and the interest amount (₹ 29,89,690) together. According to this calculation, the total amount you will get will be ₹ 44,89,690.

Note, if your daughter is 3 years old and you start investing in this scheme from 2024, then you will have to deposit money annually for the first 15 years i.e. till 2039. At the same time, when your daughter turns 21 (year 2042), then you can withdraw money for your daughter’s education or marriage. At the same time, after 21 years i.e. in the year 2045, the SSY account will mature and the entire amount will be given to you at once.

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