How to secure your daughters future?

In this article I am going to show you a better way to secure your Girls future. Yes, I am talking about Sukanya Samridhi Yojna It is a government plan delivered by Post office. You can get a maximum of up to 8.5% return per annum. You can plan for your Girls Higher education or Marriage. It gives marvelous return.

Salient features

photo source: Pixabay.com

A father or a Guardian can open this account in any nearest Post office in the name of his Daughter. You can open this account in the name of maximum two girl. But, total yearly contribution should not be more than 1.5 lac rupees in a year for both child.

The minimum age of your Daughter should be 10 years. It can be extended up to 21 years of age of girl child. It can be closed at any time after attaining 18 years of age, if your daughter gets married. And partial withdrawal is allowed after getting your girl child 18 years of age.

You can deposit up to 1.5 lac rupees in a financial years either in the name of one girl child or two girl child. But, a minimum of 1000 rupees must be deposited in a financial year. If you do not deposit minimum 10000 rupees in a financial year the account becomes Dormant. And to revive the account you have to pay a penalty of 50 rupees for every Default year.

There is a flexibility in this scheme in terms of  Your contribution. You can deposit either lump sum 1.5 lac rupees in one go or in monthly installment.

So, friends! The Government has a provided you with a tool by which you can secure your daughter future.