Follow On WhatsApp Join Now
Follow On Telegram Join Now

MATKA stand for Money And Teaching Key Aspect

Elon Musk plans to visit India and meet with Prime Minister Modi

Elon Musk plans to visi india Elon Musk, the CEO of Tesla, confirmed rumors of an upcoming trip to India in a post on the social networkin...

Monday, March 25, 2024



SSY Calculator Begin contributing to an SSY for your three-year-old daughter; upon maturity, you will receive Rs 44 lakh. Find out how

The Government of India's Sukanya Samriddhi Yojana (SSY) is focused on investing in girls. An SSY account can be opened by parents of girls under the age of ten.

Govt SSY Plan

Currently, the SSY plan offers an interest rate of eight percent annually.

SSY Calculator: As a father, you have two major responsibilities: seeing to it that your daughter gets married and educated.

A substantial sum of money is required to fulfill both obligations. That's why you ought to begin investing right now.

The Post Office-run Sukanya Samriddhi Yojana has emerged as one of the greatest options for offering good interest and tax exemption among the several government and commercial investment schemes available.

Read all the details here to find out what the SSY plan is and how to apply for a Rs 44 lakh grant.

SSY Calculator Begin contributing to an SSY for your three-year-old daughter; upon maturity, you will receive Rs 44 lakh. Find out how

What is the SSY plan?

The Government of India's Sukanya Samriddhi Yojana is focused on investing for girls.

An SSY account can be opened by parents of girls under the age of ten.

Currently, investments in SSY are provided at an interest rate of 8% annually.

Parents who invest in Sukanya Samriddhi Yojana may do so up to Rs 1.5 lakh annually.

A 15-year commitment is required for participation in the SSY program.

This scheme matures in twenty-one years. However, you can take money out of the account for education or marriage after your daughter turns eighteen.

How is a fund of Rs 44 lakh made?

You will need to invest Rs 1 lakh every year for 15 years to build up a wealth of Rs 44 lakh.

This implies that you would fund your SSY account with a total of Rs 15 lakh over 15 years.

You would receive a total interest of Rs 29,89,690 on the SSY account due to the 8 percent annual interest.

Let me tell you that you will receive both the interest amount of Rs 29,89,690 and the invested sum of Rs 15 lakh at maturity.

This computation indicates that you would receive a total of Rs 44,89,690.

Please take note that if you start investing in this program in 2024 when your daughter is 3 years old, you will need to make an annual payment for the first 15 years, or until 2039.

In addition, you will be able to take out loans for your daughter's schooling or marriage in 2042, when she reaches 21.

The SSY account will mature at the same time in 2045, which is 21 years from now, and you will receive the full amount at that point.

The matka is a site that assists you with getting finance info online from the internet. You will get information related to Share Price, Jobs, Education, Money, Business News, Finance, Trading, Investing News, Marketing News and many more.

ADVERTISEMENT
CONTINUE READ BELOW
ADVERTISEMENT
CONTINUE READ BELOW



 

Do Not Forget To Bookmark Our Matka - Matka 2024 - Matka Website - Matka News Site For More Info.

Creative Common Matka Copyright ©. Matka Kalyan site | Matka Result website | Matka Boss website | Matka Guessing site | Satta website.

MATKA ( Money And Teaching is the Key Aspect )