Investment scheme specially for girls.

[Shub437]

Are there any government saving schemes run only for girl children? I plan to invest for long-term financial planning to secure my daughter's future, which also gives me some tax benefits.

[Reema]

The Sukanya Samriddhi Yojana (SSY), a government-backed scheme, is specifically designed to secure the financial future of girl children. It provides attractive benefits.

1. It gives you even more interest rates than FDs, and the maturity amount will be tax-free.
2. You can deposit a minimum of ₹250 and a maximum of ₹1.5 lakh per year.
3. There is a lock-in period of 21 years, but once your daughter turns 18, you can withdraw the partial amount for higher studies.

This is the excellent and profitable scheme run by the government of India; definitely, you should think about this.