50 lakhs for saving Rs 300 per day, this government scheme will provide benefits.

Sukanya Samrudhi Scheme: With the help of central government scheme Sukanya Samrudhi Yojana, you can accumulate a huge corpus to meet your daughter’s future financial needs. The scheme allows parents to open a maximum of two accounts per family in the name of two girls between the ages of one year and less than 10 years. On the other hand, in case of twins, investments can be made for more than three children.

Currently, under the Sukanya Samrudhi Yojana, the account is paying 8 percent interest and a maximum of Rs 1.5 lakh can be invested in the account in a year. Interest is paid on the basis of annual compounding on the amount deposited in the Sukanya Samrdhi account. This account matures after 21 years from the date of opening. After opening the account, investments can be made up to completion of 15 years.

How much money can be saved in SSY account?

The Sukanya Samrudhi Yojana calculator shows that by depositing a maximum of Rs 1.5 lakh per year in an SSY account, parents can save up to Rs 67.3 lakh. It can be calculated as 8% interest on maturity. Suppose if you open SSY in 2023 and invest Rs 1.5 lakh at 8% interest every year till completion of 15 years, you will get Rs 67.3 lakh on maturity.

The important thing is that if the amount of interest increases, the amount will increase, but if the amount of interest decreases, the effect can be seen on the amount.

How much should be saved in 50 lakh rupees?

Under the Sukanya Samrudhi Yojana, if you deposit Rs 1,11,370 every year, you will get Rs 50 lakh on maturity. This means you have to save Rs 305.1 per day. However, the interest rate under this scheme should be only 8%.

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