New Delhi: Given the expenses incurred on the education and upbringing of daughters, it is better to start saving as soon as possible. For this, the Government is running an ambitious scheme like Sukanya Samriddhi Yojana. Investing in this scheme will prove to be very fruitful for the future of your daughter.
For the first quarter of the same new financial year, the government has not changed the interest rates on small saving schemes. This means that small savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund will continue to receive interest as in the previous quarter. In such a situation, this scheme is still the highest interest saving scheme as before.
At present, 5.5 per cent is available on 12-month fixed deposits, 6.7 per cent on 5-year FDs, 6.8 per cent on NSCs, 7.1 per cent on Public Provident Fund (PPF) and 7.4 per cent on senior citizen's savings scheme. While Sukanya Samriddhi yojana receives the highest interest of 7.6 per cent. Under the Sukanya Samriddhi Yojana, at least Rs 250 is to be invested in a year. Talking about the maximum number of investments, a maximum of Rs 1.5 lakh can be invested in a financial year. For this, your daughter's age should be less than 10 years. After opening the account, the instalment has to be filled up to 14 years and the account is matured after 21 years.
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