blessed with a baby girl ?
here is how you can save for her future ( education , marriage ) in india
the indian government has introduced a scheme called sukanya scheme (exclusively for the girl child) – where the contributions can be made tax free , upto inr 1.5 lakhs (150,000) per year , which works out to inr 12,500 per month . the amount you get at the end of 21 years is also tax free.
the interest rate every year is decided by the govt – for the year 2024 – 2025 , it is 8.2% per year
you can contribute for 18 years and the money will be available to you as soon as your angel turns 21 .
how to open a new account ?
please head over to any major public or private bank to open an account – make sure to contribute regularly
to calculate the amount at the end of 21 years , please head over to the compound calculator at calculator site : here
here is what you will enter :
please be aware that this is the maximum amount – but you can contribute a smaller amount like 500 inr too per month .
please adjust the amounts accordingly ..
