Government scheme: By using these scheme, you may protect your daughter’s future

Government scheme: To enhance the chances for the nation’s females, the government has started a number of programs. The most well-known of them is the Sukanya Samriddhi Yojana, which is an excellent means of making long-term investments and securing the financial future of your daughter. The organization also assists with schooling and wedding costs. For the first 15 years of parental payments under this 21-year plan, no further financing is needed; the account stays open for the following 6 years.

Money allocated for education

Parents are able to establish an account for girls as young as 10 years old under the Sukanya Samriddhi Yojana. Deposits may range from Rs 250 to Rs 1.50 lakh annually, with a 21-year maturity term. The girl may take out up to 50% of her account balance on her eighteenth birthday to pay for her schooling, but she must provide proof of the cost. This withdrawal may be made in installments, with the money paid once a year, or in one big payment spread over five years.

Sukanya Samriddhi Yojana facilities

Under this program, you may take out 50% of the total amount put in your account to support your daughter’s marriage. Money may be withdrawn one month before to marriage and three months after marriage, according the laws. However, the daughter must wait until she turns 21 to withdraw the whole sum. This government program offers an interest rate of eight percent. To take part in this program, visit your local bank or post office and create a Sukanya Samriddhi Yojana account. Via this approach, you may create an account and deposit funds via a demand draft, cheque, or cash.