Post Office Scheme Helps Girls Build ₹71 Lakh By Age 21
Despite the growing popularity of stock markets and mutual funds, a large section of investors continues to prefer government-backed schemes for their safety and assured returns. Among these, post office savings schemes remain especially trusted. One such option designed specifically for families with daughters is the Kanya Sukanya Yojana , also known as Sukanya Samriddhi Yojana. Along with offering attractive interest rates, the scheme provides significant tax benefits, making it a long-term wealth-building option for a girl child’s future.
Only girls aged 10 years or below are eligible at the time of account opening. Once opened, investments can be made for a period of 15 years, while the account matures after completing 21 years from the date of opening.
The flexibility in contribution amounts makes the scheme suitable for families with varying income levels, while still allowing higher investments for those seeking maximum long-term returns.
Interest is calculated annually and credited to the account, helping the investment grow steadily over time. If contributions are made regularly and without interruption, the scheme can create a substantial corpus by maturity.
It is important to note that the maturity amount depends on interest rates revised quarterly. Any increase or decrease in rates during the tenure can affect the final corpus. Deposits should ideally be made before 5 April each year to maximise interest benefits.
With consistent deposits and the current interest rate of 8.2 percent, the maturity amount can reach approximately ₹71,82,119. Out of this, nearly ₹49,32,119 comes purely from interest earnings. The entire maturity amount is completely tax-free, making the scheme even more attractive for long-term planning.
For families seeking guaranteed returns and structured savings, this post office scheme continues to stand out as a reliable investment option.
What Is Kanya Sukanya Yojana
Kanya Sukanya Yojana is a central government savings scheme that allows parents or legal guardians to open an account in the name of a girl child. The scheme can be opened at any post office branch and is aimed at encouraging disciplined savings for education and other future needs.Only girls aged 10 years or below are eligible at the time of account opening. Once opened, investments can be made for a period of 15 years, while the account matures after completing 21 years from the date of opening.
Investment Limits And Eligibility
Under the scheme, investors can deposit a minimum of ₹250 in a financial year. The maximum annual investment allowed is ₹1.5 lakh per account. Any Indian citizen can open this account for their daughter, provided eligibility conditions are met.The flexibility in contribution amounts makes the scheme suitable for families with varying income levels, while still allowing higher investments for those seeking maximum long-term returns.
Interest Rate And Return Potential
One of the biggest attractions of the Sukanya Samriddhi Yojana is its interest rate, which currently stands at 8.2 percent per annum. This is among the highest interest rates offered under government-backed savings schemes.Interest is calculated annually and credited to the account, helping the investment grow steadily over time. If contributions are made regularly and without interruption, the scheme can create a substantial corpus by maturity.
Understanding The Maturity Rules
Although the account matures after 21 years, deposits are required only for the first 15 years. After that, the account continues to earn interest until maturity, even if no further deposits are made.It is important to note that the maturity amount depends on interest rates revised quarterly. Any increase or decrease in rates during the tenure can affect the final corpus. Deposits should ideally be made before 5 April each year to maximise interest benefits.
How A ₹71 Lakh Corpus Is Built
To gain the maximum benefit from the Kanya Sukanya Yojana, an investor needs to deposit ₹1.5 lakh every year for 15 consecutive years. This results in a total investment of ₹22.5 lakh over the contribution period.With consistent deposits and the current interest rate of 8.2 percent, the maturity amount can reach approximately ₹71,82,119. Out of this, nearly ₹49,32,119 comes purely from interest earnings. The entire maturity amount is completely tax-free, making the scheme even more attractive for long-term planning.
Why Parents Are Choosing This Scheme
The combination of high interest, tax exemption and government backing makes the Sukanya Samriddhi Yojana a preferred choice for parents planning their daughter’s future. It provides financial discipline, long-term security and peace of mind without exposure to market risks.For families seeking guaranteed returns and structured savings, this post office scheme continues to stand out as a reliable investment option.
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