SSY (Sukanya Samriddhi Yojana) is considered as a good savings or investment scheme to deposit in the name of girl child. Under this scheme, the parents of the girl child can deposit Rs 1.5 lakh every year in the SSY account in the name of the girl child. The amount deposited under SSY scheme comes under section 80c of the Income Tax Act.
At present, the interest rate of Sukanya Samriddhi Yojana is 7.6 percent. The interest rate offered under Sukanya Samriddhi Yojana is much higher than the interest rate offered by banks and post offices. Under Sukanya Samriddhi Yojana, if you invest a fixed amount every year, then how much return you will get through this scheme. This information will be given to you through this post.
SSY account investment 10,000 per year
Under the Sukanya Samriddhi Yojana, if the parents of the girl child invest ₹10,000 in the name of the girl child every year from 2023, till 2044 she will be able to receive ₹4,24,334 through the scheme.
SSY account investment 20,000 per year
An investment of ₹20,000 in the name of the girl child every year from 2023 to 2044 will help accumulate ₹8,48,687 in the name of the girl child.
SSY account investment 50,000 per year
Investing ₹50000 every year from 2023 in SSY account will help you accumulate ₹21,21,718 in the name of the daughter till 2044.
SSY account investment 75,000 per year
Under this scheme, if the parents of the girl child deposit ₹ 75000 every year in the name of the family from 2023 to 2044, then their deposit amount will be ₹ 31,82,577.
SSY Account Investment Rs.1,00,000 per year
Under the Sukanya Samriddhi Yojana, depositing ₹100,000 per year in the name of the girl child will help in accumulating ₹42,43,436 by 2044.
SSY account investment 1,50,000 per year
Similarly, under the Sukanya Samriddhi Yojana, if the parents of the girl child invest Rs 1.5 lakh every year in the name of the girl child, it will help in depositing Rs 63,65,155 in the name of the girl child by 2044. ,
Actual returns may vary
It is to be noted that the interest rate under this scheme is updated by the government from time to time. Keeping this in mind, it can be said that the interest rate can be higher or lower.
As you mentioned above, there will be return on investment under Sukanya Samriddhi Yojana.
Under this scheme, the government is providing certain fixed rate of interest on the deposits. It can be said that the interest rate can be revised in the next check (FY 2023-24). The government last revised the interest rates of small savings on December 2022, in which there was no change in the interest rates.
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