As they say, educate the girl and the whole family will be educated. Sukanya Samriddhi Yojana is a step towards realising this saying. The Indian Government back in 2015 started a savings scheme which enables parents to save in the name of their girl child primarily for her education and her wedding as well. SSY is a risk-free deposit scheme which is launched under the campaign “Beti Bachao Beti Padhao” of the Indian govt. Apart from being risk-free; another highlight of this scheme is that it comes with a tax-benefit as well. And to add to it, the maturity amount as well as the interest is tax exempted.
Money deposit Rules
Sukanya samriddhi Yojana Scheme offers the best RoI among other saving schemes which is 8.3% presently. The GOI holds right to alter this interest rate as per requirement.
Points to remember while opening a Sukanya samriddhi Yojana account
Use this Fixed Deposit (FD) calculator to find out Maturity Amount you would earn through a Fixed Deposit
Use this Mutual Fund Returns calculator to check the future value of your investments and the returns generated by them
Use this RD calculator to find out Maturity Amount you would earn through a Recurring Deposit
Use this SIP calculator to check the future value of your SIP investments and the returns generated by them
Use Reverse SIP calculator to see how much money will you need to save today to meet your future needs
Use this Step Up SIP calculator to check the future value of your investments and the returns generated by them.
Use this NPS calculator to make estimates regarding retirement fund you will receive at age 60.
Use this SWP Calculator, to make fixed withdrawals at regular time periods from your lumpsum investments.
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