Gifting your daughter a Sukanya Samriddhi account can be one of the best options for securing her future
If you make your contribution by the 5th of the month, you earn interest for the entire month
Just to emphasise, the interest is tax free on accrual and also on withdrawal
So its a corpus of ~64 lacs for her at the age of 21
(N.B. Based on the Government Security (G-sec) yields, the Indian Government decides the rate of interest for Sukanya Samriddhi scheme on a quarterly basis
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