Sukanya Samriddhi Yojana offers India's highest returns for girl child savings. At the current 8.2% annual interest rate, investing the maximum ₹1.5 lakh yearly for 15 years can generate approximately ₹72-75 lakh at maturity after 21 years. With total investments of just ₹22.5 lakh, compounding interest alone exceeds ₹45 lakh. The scheme provides complete tax exemption on interest and maturity proceeds under Section 80C. Parents can open accounts from birth until age 10, with deposits made for 15 years while earning interest for an additional six years. For specific corpus goals, investing ₹9,000 monthly targets ₹50 lakh, while ₹4,500 monthly aims for ₹25 lakh. This government-backed small savings scheme remains a powerful long-term wealth accumulation tool for education planning.
Post from MarketNews_en
Log in to interact with content.