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Sukanya Samriddhi Yojana: Invest ₹15 Lakhs to Get ₹48 Lakhs for Your Daughter!
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What Happened?
The Sukanya Samriddhi Yojana allows parents to save for their daughter's education and marriage. By investing ₹1 lakh annually for 15 years, parents can receive approximately ₹47.88 lakhs at maturity.
Key points
- The scheme requires a minimum investment of ₹250 and a maximum of ₹1.5 lakhs per year.
- Interest is compounded annually at a rate of 8.2% for the October-December 2026 quarter.
- Parents can withdraw up to 50% of the balance for their daughter's higher education after she turns 18 or completes 10th grade.
- The account matures when the daughter turns 21, but interest continues to accrue for 6 years after the last deposit.
- The total amount at maturity can vary based on future interest rate changes.
Key insights
- The scheme promotes long-term savings for families with daughters.
- Parents may need to adjust their financial plans based on potential changes in interest rates.
- The ability to withdraw funds for education can alleviate financial burdens during critical educational phases.
Why it matters
This scheme helps parents secure financial support for their daughter's future education and marriage.
Source
India Today
