Know About Sukanya samridhi yojana 2022 in details.
If you want to give a gift to your daughter on the occasion of New Year then Sukanya Samridhi Yojna (SSY) is a good option. The government's Sukanya Samriddhi Yojana not only gives you an opportunity to earn great returns, but you will also be assured of your daughter's higher education, career and marriage. An account can be opened for a daughter below the age of 10 years under Sukanya Samriddhi Yojana.
What is Sukanya Samriddhi Yojana ?
Sukanya Samriddhi Yojana is a small savings scheme of the central government for daughters. Which has been launched under the Beti Bachao-Beti Padhao scheme. Sukanya is the best interest rate scheme in small savings scheme.
How to open Sukanya Samriddhi Yojana Account ?
The account under Sukanya Samriddhi Yojana can be opened after the birth of a girl child before the age of 10 years with a minimum deposit of Rs 250. Under Sukanya Samriddhi Yojana in the current fiscal year, you can deposit up to a maximum of 1.5 lakh rupees annually. At present, it is getting 7.6 percent interest. In this scheme, any person can open an account for his two daughters. At the age of 21, daughters can withdraw money from this account. In this scheme, the amount will double in 9 years 4 months.
Where will the Sukanya Samriddhi Yojana account be opened?
Account under Sukanya Samriddhi Yojana can be opened in any authorized branch of any post office or commercial branch.
How long will this account continue ?
After opening the Sukanya Samriddhi Yojana account, it can be continued till the girl child attains the age of 21 years or till she gets married after the age of 18 years.
Saving Rs 416 per day will make Rs 65 lakh like this
If you started investing in the year 2022 and your daughter's age is 1 year. Now if you save Rs 416 a day, then you will have to invest Rs 12,500 in the month. If you deposit Rs 12,500 every month, you will have to invest Rs 1.5 lakh in a year. In the year 2043, when the daughter turns 21, the scheme will mature, at that time the total maturity amount will be Rs 6,500,000.
If you also want to marry your daughter with great pomp, then there is no need to worry at all. Because in today's time there are many such schemes, by investing in which you can prepare a huge fund. Investment advisors say that if you are starting with investing, then you should not wait for the timing. When you have money left, start investing from the same time.
Take care of discipline while investing. Meaning that you have to keep investing on time or keep increasing it. So let's know how and where you invest.
Invest in SIP
If you want high returns then Systematic Investment Plan (SIP) is a good option for you. You can get good returns in few years through SIP. For this, you can also invest at least 500 rupees per month.
20 lakh fund will be made on 1000 thousand investment
According to the SIP calculator given on the website of Franklin Tapleton of India, if you invest Rs 1000 every month, you can earn up to Rs 20 lakh in 20 years. This calculation has been done at an average annual interest of 12 per cent.
50 lakh fund created in this way
To build a corpus of 50 lakhs in 7 years, you need to invest Rs 40,000 every month. This calculation is assuming an average CAGR return of 12%. It has been observed that equities give better returns in the long run.
Advisors say that it is not necessary to start investing with a large amount. If you want, you can invest even 100 rupees. But if you want to invest through SIP, then you have to invest Rs 500. If you regularly invest this much every month, then in 20 years this amount will be close to 5 lakh rupees.