BusinessSukanya Samriddhi Scheme: ₹500 Annual Deposit Grows Fund in 21 Years
The Sukanya Samriddhi Scheme allows starting small investments for a daughter's future with an 8.2% annual interest rate. Minimum yearly deposit is ₹250 and maximum ₹1.5 lakh. After 15 years of investment, the account matures 21 years from opening. Depositing ₹500 annually can grow the fund to about ₹22,000 in 21 years at the current rate.
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