The central government launched the Sukanya Samriddhi Yojana to secure the future and education of girls. More than 50 million Sukanya Samriddhi accounts have been opened under this scheme so far, and more than ₹3 lakh crore have been deposited. Investments under this scheme range from ₹250 to ₹1.5 lakh. The special feature of this scheme is its attractive interest rates, providing good returns on long-term savings.

Parents can invest in this government-run small savings scheme according to their financial capabilities. They can invest ₹1,000, ₹2,000, ₹3,000, ₹4,000, ₹5,000, or more each month; the more you invest, the larger the fund will be for your daughter.

What are the conditions?
There are certain terms and conditions to avail the Sukanya Samriddhi Yojana. This scheme is only for girls. Parents can open a Sukanya Samriddhi Yojana account in the name of a maximum of two girls. The girls must not be more than 10 years old. If the account is opened soon after the girl's birth, a larger amount can be deposited until she turns 21.

15-Year Investment
This scheme only requires investments for 15 years, while the scheme's term is 21 years. This means that if the account is opened soon after the girl's birth, a substantial amount can be accumulated by the time she turns 21. This money can be used for her higher education or marriage.

A corpus of over 11 lakh rupees with ₹2,000 per month
Under the Sukanya Samriddhi Yojana, a substantial corpus can be accumulated by contributing ₹2,000 per month until the scheme matures. An investment of ₹2,000 per month, or ₹24,000 annually, can create a corpus of ₹11,08,412 for the girl child. In this case, your total investment will be ₹3,60,000, and you will earn ₹7,48,412 in interest.

The Sukanya Samriddhi Yojana offers the highest interest rate
of 8.2%, the highest among all small savings schemes. Half of the money deposited in this scheme can be withdrawn when the girl child turns 18 or completes 10th grade. Furthermore, if the girl gets married after the age of 18, the scheme can be closed before the stipulated maturity date.

PC: India TV hindi