All parents dream of giving a good education to their kids so that they pursue a rewarding career. For the girl child, Sukanya Samridhi Yojana is an investment scheme that can be started before the child attains 10 years of age.
All major banks provide facilities to enrol for this scheme. Monthly investments can range between Rs 1,000 and Rs 15,000. At present, an interest of 8.50% per annum is offered. The investment can be made in the scheme till the child reaches the age of 14. When the daughter turns 21, the money invested and the interest earned can be withdrawn.
