New Year 2024: The Benefits of Sukanya Samriddhi Yojana
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Sukanya Samriddhi Yojana
New Year 2024 brings a significant initiative by the Central Government. The interest rates for Sukanya Samriddhi Yojana have been raised from 8 percent to a rate of 8.2 percent.
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For a brighter future
If your daughter is under 10 years old, consider depositing money in her name through this scheme. The accumulated funds can prove valuable for her future.
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How much to deposit?
An amount ranging from Rs 250 to Rs 1.5 lakh can be deposited. It is a long-term scheme requiring a deposit commitment of 15 years.
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Deposits
For example, if you deposit Rs 5000 every month for a period of 15 years, the total investment at the end of the scheme would amount to Rs 9 lakh.
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Interest rate
With the increased interest rate of 8.2 percent, the total amount would be Rs 28,72,848 after 21 years.
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Important documents
You will need following documents: parents’ identity card, daughter’s Aadhar card, passbook, daughter’s passport size photo, and parents’ valid phone number.