Every father She is worried about her daughter’s education and marriage expenses. For this he invests his savings in various investment schemes. If you are also the father of a daughter, it is natural to be worried. However, by planning ahead of time, you can easily save money for your daughter’s wedding and education expenses. You can easily do this by investing in Sukanya Samrudhi Yojana. Now the question arises that if you want to deposit 50 lakh rupees for your daughter, how much money should be invested per month? Let us answer your question.
How much should be deposited monthly?
According to the Sukanya Samrudhi Yojana (SSY), if you deposit Rs 1,11,400 annually for 15 years, you will have an income of over Rs 50 lakh at maturity. However, this requires that you earn interest on the SSY at the rate of 8% per annum. Now the question arises that how much amount has to be deposited monthly. So we tell you that to get Rs 50 lakh you have to deposit Rs 9,283 monthly and Rs 305 every day. In such case if we assume that your daughter is 5 years old then when she turns 21 you will get more than 50 lakh rupees.
Facility to open SSY with minimum deposit of Rs.250
You can open an SSY deposit with a minimum deposit of Rs.250. The maximum deposit amount is Rs 1.5 lakh. Keep in mind that deposits must be made within 15 years from the date of account opening, otherwise the account will go under ‘default’. You can restart this account with a penalty of Rs 50 per year. Maturity of deposit i.e. after 15 years you will not need to make any deposit. You will continue to earn interest on the deposited amount.
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