Many schemes in India are helping girls earn substantial income, freeing parents from the worries of their daughters’ weddings. Additionally, these schemes offer relief from the expenses of their daughters’ education. You may be curious about the name of these schemes.
The scheme started by the government is called the Sukanya Samriddhi Yojana, which aims to make everyone wealthy, allowing you to fulfill your dream of becoming prosperous.
It’s essential to timely register your daughter’s name, which will bring an end to all anxieties, highlighting the importance of this information. Before engaging in the PM Sukanya Samriddhi Yojana, it’s imperative to familiarize yourself with key terms. You can expect a substantial lump sum. Hence, it’s crucial to carefully read the entire article to understand critical aspects of the scheme.
Important things related to Sukanya Samriddhi Yojana of Central Government
The Sukanya Samriddhi Yojana launched by the central government is aimed at securing the financial future of girls across every front. To participate in this scheme, it’s necessary for the daughter to be at least 10 years old initially.
If your daughter is older than 10 years, she won’t qualify for the scheme’s benefits. One of the scheme’s notable aspects is the provision to open a joint account for two daughters, ensuring smooth administration.
Contributions to the scheme can be made until the account reaches 15 years of age. No contributions are necessary for the next six years thereafter. The scheme provides ongoing interest benefits. Presently, the scheme offers an interest benefit of 8.2%. Once your daughter reaches 21 years of age, you can withdraw a substantial lump sum amount.
How to get 70 lakh rupees?
The Sukanya Samriddhi Yojana, implemented by the central government, offers daughters the opportunity to receive up to 70 lakh rupees. Participants are required to invest a minimum of 250 rupees and a maximum of 1,50,000 rupees per financial year. Investments can be made either in installments or as a single lump sum.
Investing 1,50,000 rupees per year will result in a total benefit of 69,27,578 rupees at maturity in 2045. This amount consists of the invested principal of 22,50,000 rupees and an interest of 46,77,578 rupees.
