This is the most amazing scheme of Post Office, a fund of Rs 70 lakh will be created by saving Rs 400 daily..

Post office schemes are considered to be the best option for those who want better returns with a safe investment. Here, good profits can be earned on maturity without any risk, provided the right amount is started. If you want safe and guaranteed returns, then Sukanya Samriddhi Yojana (SSY) is a great option. This scheme has been specially designed to secure the future of daughters. To start investing in it, you have to save only 70 rupees daily.

How much return will you get?

At present, about 8.2% annual interest is being given in the Sukanya Samriddhi Yojana of the post office, and the entire scheme is tax-free. Investment can be started in it with a small amount, but by investing regularly for a long time, a big fund can be prepared on maturity. This amount proves to be very helpful for the daughter's education, marriage, or other big expenses.

Investment limit

In this scheme, you can invest from Rs 250 to Rs 1.5 lakh annually. The account can be opened in the name of a girl child below 10 years of age. An account can be opened in the name of a maximum of two daughters in a family, while in the case of twin daughters, three accounts are allowed.

How to become a millionaire by saving Rs 400 a day?

If you open this account in your daughter's name and want to get a fund of about Rs 70 lakh on maturity, then you will have to save about Rs 400 daily. That means an investment of Rs 12,500 a month and Rs 1.5 lakh a year. If you start investing Rs 1.5 lakh annually when your daughter is 5 years old, then after 21 years, about Rs 69,27,578 will be ready in her name. In this, your total investment for 15 years will be Rs 22,50,000, and the remaining about Rs 46,77,578 will come only from interest.

Control of investment is with the parents.

After opening the account, money can be deposited for a maximum of 15 years. If at least Rs 250 is not deposited in a financial year, the account may default, which can be reactivated within 15 years. Partial withdrawal is possible only after the daughter turns 18 or passes the 10th. Money can be withdrawn in lump sum or in annual installments. Maturity will be completed 21 years after opening the account, but deposits have to be made only for the first 15 years.

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