New DelhiIf you are a father and looking for opportunities to secure your children’s future. You can raise money for their education, career and marriage by investing in their future from now.
It is very important to invest money properly. In such a situation, if the right investment planning is done for them, then it will help you in securing the future of your daughter.
Sukanya Samriddhi Yojana (SSY)
– This is a government scheme for the financial security of the girl child, which gives you returns at an interest rate of 7.6% more than some other scheme, which is available annually.
You can put money in it for a girl child below 10 years. Its policy term is till his marriage in 18 or 21 years (whichever is earlier).
– You can invest annually in it from minimum Rs 250 to maximum Rs 1.50 lakh.
Maximum 2 Sukanya Samriddhi Yojana accounts can be opened in a family.
Rebate is also available under section 80C of Income Tax.
– There is a lock-in period in the policy. Interest continues to accrue even after it matures. Guaranteed benefits are available on maturity.
You can also partially withdraw money in it.
LIC Kanyadan Policy
– This LIC Jeevan Lakshya plan is a customized plan for the girl child. This is a savings plus protection plan, which can create a strong financial corpus for your daughter at an affordable premium.
– This is a money back plan and whole life plan in a way. This can be useful for your daughter’s higher education and her marriage.
You will continue to get Rs 50,000 every year till maturity. You can choose the maturity period between 13 years to 25 years as per your convenience.
In this, your daughter gets returns for lifetime.
– If the policyholder dies untimely, the premium is waived off and Rs 10 lakh is deposited immediately. In addition, 10% of the Sum Assured is paid every year till maturity.
Public Provident Fund
You can also invest in PPF for your girl child. It comes with a tenure of 15 years for the children. You can get better returns from this in the long term.
Anyone can open it in his name. PPF can also be opened in the name of minors.
– Minimum Rs 500 and maximum Rs 1.5 lakh can be deposited in a year.
Under Section 80C of the Income Tax Act, you can also save tax up to 1.5 lakhs through this.
Annually you get a return of 7.1% on this. You can open this account in any bank or post office offering this service.
In this, the entire amount can be withdrawn only after maturity. On the other hand, if 50% amount is to be withdrawn, then it is necessary for the account to remain active for 6 years.
