Sukanya Yojana: It is necessary to deposit this amount of money every year in Sukanya Yojana, otherwise penalty may be imposed!

When a child is born in a household, planning for his/her future becomes a priority and nowadays parents pay significant attention to this aspect.

The scheme is especially emphasized for girls, addressing expenses ranging from their education to marriage, ensuring that parents do not have to worry about the financial burden.

The government also launches several schemes for the welfare of children, allowing parents to apply for and invest in these initiatives.

Sukanya Samriddhi Yojana is a scheme in which an account can be opened for a daughter up to 10 years of age. This is a savings scheme that offers an interest rate of 8.2%, and a minimum of ₹250 and a maximum of ₹1.5 lakh can be deposited annually.

It is mandatory to deposit at least ₹ 250 every year in a Sukanya account and failure to do so attracts a penalty. This amount has to be deposited before 31st March every year.

In Sukanya Yojana, money has to be deposited for 15 years. If you contribute even ₹10,000 annually, a huge sum will accumulate by the time your daughter reaches maturity.