Get Financially Empowered for Your Daughter’s Future with Sukanya Samriddhi calculator
Introduction:
Getting financially empowered is essential, especially for the future of our daughters. It is important to take steps that will ensure a secure future for them. One such step is opening a Sukanya Samriddhi account, which is a government-backed savings scheme aimed at securing the girl child’s future. Using a Sukanya Samriddhi calculator can help you plan better and make informed decisions about the investment. In this article, we will discuss how to get financially empowered for your daughter’s future with the help of a Sukanya Samriddhi calculator.
What is a Sukanya Samriddhi calculator?
A Sukanya Samriddhi calculator is a tool that helps calculate the amount of money you will need to invest in your daughter’s Sukanya Samriddhi account to achieve a specific goal. This tool helps you understand the investment required for your daughter’s future and plan your finances accordingly. With the help of a Sukanya Samriddhi calculator, you can calculate the amount of money you need to invest based on the current interest rate and tenure. This tool helps you set your investment goals and track your progress over time.
Benefits of a Sukanya Samriddhi account:
1. It offers a high-interest rate: Sukanya Samriddhi account currently offers 7.6% interest rate per annum, which is higher than the current FD rates.
2. It is tax-free: The amount invested, the interest earned, and the maturity amount are all tax-free. This means that you don’t have to pay any tax on the returns you receive from your investment.
3. It has a long-term tenure: The account matures after 21 years from the date of opening the account or when the girl child turns 18, whichever is earlier. This makes it a suitable long-term investment option.
4. It promotes the education and marriage of the girl child: The account is designed to help parents save for their girl child’s education and marriage.
How to use a Sukanya Samriddhi calculator?
Using a Sukanya Samriddhi calculator is easy. You need to follow the steps mentioned below:
1. Go to any online Sukanya Samriddhi calculator.
2. Enter the amount you intend to invest in the calculator.
3. Provide the tenure of the investment, which is 21 years.
4. Enter the current interest rate, which is 7.6% per annum.
5. The calculator will provide you with the maturity amount you can expect after 21 years.
6. You can tweak the amount and tenure to plan better and make informed decisions.
FAQs
Q. What is the minimum and maximum amount of investment in the Sukanya Samriddhi account?
A. The minimum amount of investment in the Sukanya Samriddhi account is Rs. 250, while the maximum amount is Rs. 1.5 lakh in a financial year.
Q. Can I open an account for more than one girl child?
A. Yes, you can open an account for a maximum of two girl children.
Q. Can I withdraw money from the Sukanya Samriddhi account before the maturity period?
A. Yes, you can withdraw up to 50% of the balance in the account after your daughter turns 18 years old for her higher education expenses.
Q. How can I open a Sukanya Samriddhi account?
A. You can open a Sukanya Samriddhi account by visiting any authorized bank or post office near you.
Conclusion:
In conclusion, financial empowerment is crucial for the future of our daughters. A Sukanya Samriddhi account is one such savings scheme that can help secure their future. Using a Sukanya Samriddhi calculator can help you plan better and make informed decisions about investment. It is effortless to use and provides a clear picture of your investment goals. With the benefits of a Sukanya Samriddhi account, it is an excellent investment choice for parents. Secure your daughter’s future today with Sukanya Samriddhi account.