Child Savings Plan: At present, many schemes are being run to give an edge to the Har Beti Bachao and Beti Padhao campaign. There is a need to be happy that your daughter’s laughter echoed in your family. Some special schemes are being run to make daughters rich.
You must have heard about schemes like Sukanya Samriddhi Yojana and Fixed Deposit. This scheme is very good for opening accounts for daughters with their parents. You should not delay at all. If you are worried about the future, then Sukanya Samriddhi Yojana and fixed deposits are a good option. You can get this information through the news about how much interest and how much return you will get on both schemes.
Know important things related to fixed deposits.
Fixed deposit is a very good scheme for boys and girls. Anyway, some banks run special FDs to create a bright future for children. In these, children can easily get more than a percentage interest. The duration of this investment ranges from 7 days to 10 years or more.
The biggest thing about a fixed deposit is that it has more flexibility. If needed, some banks also provide you with the facility to withdraw money prematurely. Most of the interest received on FDs is subject to tax. However, in this, you are not provided with relaxations like the Sukanya Samriddhi Yojana.
Sukanya Samriddhi Yojana is also special.T he.
Central Government’s Sukanya Samriddhi Yojana is like a boon for daughters. This is considered a government savings scheme. If you invest here, you will be safe and will also get bumper profits in future. The government itself guarantees this. For the quarter April-June 2026, this scheme is offering the benefit of 8.2 per cent compound interest annually.
If you want to open your daughter’s account under this scheme, then her minimum age must be 10 years. In this, you can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh annually. You will have to invest in this scheme for 15 years. The maturity period of the scheme has been kept for 21 years. The biggest advantage of the scheme is that it gives tax exemption on investment, interest and maturity amount.
How to get more than Rs 71 lakh
If you can invest Rs 1.5 lakh annually in the UK, anyaaa Samriddhi Yojana till your daughter turns 15 years of age. According to this, your total investment will be up to Rs 22.5 lakh. In such a situation, according to the current interest rate, after completion of 21 years, a fund of about Rs 71.82 lakh can easily be prepared in the account.
Where is investment profitable?
If you want to accumulate a huge fund in the name of your daughter, you can also take advantage of tax savings. In such a situation, the Sukanya Samriddhi Yojana would be a better option. In this, you will get the benefit of a guarantee, higher interest and tax exemption. In this, you need more flexibility than investment. A fixed deposit is going to be better for you.
