Do you have a daughter?
Do you want her to have about ₹67 lacs by the age of 21?
Her 21st birthday gift💰
Do you want her to have about ₹67 lacs by the age of 21?
Her 21st birthday gift💰
SSY could be one option 👇
↳ SSY - Sukanya Samriddhi Yojana is a small savings scheme by the govt. of India specifically for the girl child.
↳ It falls in the EEE category meaning the interest and the amount at maturity are completely tax-free.
↳ SSY - Sukanya Samriddhi Yojana is a small savings scheme by the govt. of India specifically for the girl child.
↳ It falls in the EEE category meaning the interest and the amount at maturity are completely tax-free.
↳ You also get up to ₹1.5 lacs as deduction as part of 80 C.
↳ The interest rate fluctuates quarterly and was recently increased by 20 bps to 8.2%.
↳ The interest rate fluctuates quarterly and was recently increased by 20 bps to 8.2%.
↳ You can contribute as soon as your daughter is born, withdraw 50% at the age of 18, and balance at 21.
Now your daughter is asking what about the ₹44 lacs +?
▶️Assume you put ₹12,500 per month for 15 years
▶️Total amount invested = ₹22.5 lacs
Now your daughter is asking what about the ₹44 lacs +?
▶️Assume you put ₹12,500 per month for 15 years
▶️Total amount invested = ₹22.5 lacs
▶️Total interest earned = ₹44.9 lacs
▶️Amount at maturity = ₹67.4 lacs Also, if you claim the 80 C deductions, then based on your tax slabs you continue to save a lot more in taxes.
▶️Amount at maturity = ₹67.4 lacs Also, if you claim the 80 C deductions, then based on your tax slabs you continue to save a lot more in taxes.
Why does it make sense?
- Disciplined investing approach
- Long-term goal planning
- Tax-free returns
- Disciplined investing approach
- Long-term goal planning
- Tax-free returns
Loading suggestions...