Every parent wishes to ensure the future of their daughter with safe and reliable investment. Since the Post Office had collaborated to set up several schemes of small savings designed for girls, one of the most common is the Sukanya Samriddhi Yojana (SSY). For post office long-term planning options, parents can just invest ₹25,000 from their savings to create the corpus of nearly ₹7.5 lakh.
What Is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi is a government-backed saving scheme launched under the Beti Bachao Beti Padhao initiative. It is exclusively for girl children and enjoys one of the highest interest rates amongst small savings schemes. The scheme promises security, guaranteed returns, and tax benefits under Section 80C of the Income Tax Act.
How ₹25,000 Can Grow into ₹7.5 Lakh?
Starting with a minimal amount of ₹25,000, parents can open this scheme. With the magic of compound interest and an attractive rate of interest offered in this scheme, this becomes quite a huge amount. At the time of maturity after 21 years from the date of opening, the invested money along with interest accumulated can create a corpus worth up to ₹7.5 lakh.
Benefits of Sukanya Samriddhi Yojana
- Higher interest rates compared to other small savings schemes
- Guaranteed returns with full government backing
- Tax-free maturity amount
- Minimum deposit of ₹250 per year
- Can be opened either at a post office or reputed bank anywhere in India
Eligibility and Rules
- The account shall be opened only by the parents or the guardians of a girl child before she has attained the age of 10 years.
- Only one account is allowed per girl child, with a maximum of two accounts allowed per family (in case of two daughters).
- The maximum amount of investment allowed is ₹1.5 lakh per year.
Why This Scheme is Best for Girls?
The Sukanya Samriddhi Yojana is the best option to build a financial package for expenses related to the education, higher studies, or marriage of a daughter. Low-risk, high-return, and government assurance make it the safest long-term saving plan for girls all over India.
Conclusion
Post Office Sukanya Samriddhi Yojana can be one of the most premium investment choices a parent can go for in planning the future of his or her daughter. With a mere investment of ₹25,000, a parent can guarantee a brighter future and a hefty corpus of ₹7.5 lakhs in the due course of time.
