Your daughter is 5 years old and if you deposit ₹ 1 lakh annually in this scheme, you will get ₹ 46,18,385 on maturity. The Sukanya Samrudhi Yojana is a savings scheme of the Government of India in which a 10 -year -old girl can be invested in the name of a girl.
The payment period for the Sukanya Prosperity Scheme is 15 years, while the maturity period of the account is at least 21 years.
Under the Sukanya Prosperity Scheme, 8.2 per cent annual interest is being provided on the money deposited. This account can be opened in a bank or post office.
On this basis, if your daughter is 5 years old and you deposit ₹ 1 lakh annually in this scheme, according to the GROWW calculation, your daughter will get a total of ₹ 46,18,385 on maturity.
According to the calculation, you will invest a total of ₹ 15,00,000 during this period and you will get an interest of ₹ 31,18,385, which is ₹ 46,18,385.
In view of the spirit of ‘welfare state’, every government in the country run several government schemes. These include schemes from the central government to the state government. Click here for various information of the government plan.
. Source
