Sukanya Samriddhi Yojana Calculator: Sukanya Samriddhi Yojana is very popular for the bright future of daughters. This is a Small Saving Scheme. It also offers tax benefits along with high interest rates. By investing in this scheme, you can deposit a huge fund for your daughter. In this article, let us know how big a fund will be prepared after investing 10000 rupees monthly.
Sukanya Samriddhi Yojana Calculator: For the bright future of daughters, the government started Sukanya Samriddhi Yojana under the Beti Bachao Beti Padhao campaign. By investing in this scheme, you can also secure your daughter’s future.
Currently, this scheme is getting an interest rate of 8.2 percent. This interest rate is applicable only till 30 September 2024. Yes, the government updates the interest rates of Small Saving Scheme every quarter. Now the interest rate for October to December will be announced soon.
A huge fund will be deposited
By investing in Sukanya Samriddhi Yojana, you can also deposit a huge fund for your daughter. You can spend this fund for your daughter’s marriage or her education. In such a situation, you will not have much tension about her marriage and education. The special thing about this scheme is that it gives compound interest i.e. interest on interest. This scheme matures after the daughter completes 21 years. If the daughter gets married at the age of 18, then in this situation also this scheme matures. In this scheme, one has to invest only for 15 years.
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How much fund will be created on investing Rs 10,000
If you invest Rs 10,000 every month for your 5-year-old daughter, then you will invest Rs 18 lakh in 15 years. You will get Rs 28.35 lakh as interest on this investment. This means that after the daughter completes 21 years, she will have a fund of Rs 46.35 lakh.
Let us tell you that Sukanya Samriddhi Yojana provides tax benefits along with high interest. Under this scheme, tax exemption of up to Rs 1.5 lakh is available under section 80C of Income Tax Act 1961.
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