Investment Tips: All parents want their children's future to be secure and they do not have to face financial pressure for their education or marriage in the future. If you are also saving money for your child's better future, then today we will tell you about some such schemes (Best Child Investment Plans), investing in which you can be free from the worry of their education and marriage.
There are many schemes available for investment in the market. However, most people prefer to invest in government schemes because they are considered more secure in terms of investment. The government is running many schemes for children. These schemes guarantee the safety of your money as well as give good returns on it.
1. Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana was started by Prime Minister Narendra Modi in 2015. It is a very popular scheme of the central government. This scheme is especially for daughters. With its help, money can be arranged for everything from the daughter's education to marriage. In this scheme, parents or guardians can open an account in the name of the girl with just Rs 250. Let us tell you that a maximum of Rs 1.5 lakh can be invested in this scheme in a financial year. Remember one thing to open an account under this scheme, the age of the daughter should not be more than 10 years and only one account is allowed in the name of a daughter.
2. Public Provident Fund (PPF)
You can also open a PPF (Public Provident Fund) account in the name of your children. In this scheme, the mother or father or both the guardians together can invest in the name of their children. This is a good option for long-term investment. You can start investing in it with just Rs 500 annually and can invest up to a maximum of Rs 1.50 lakh in a year. This investment scheme also offers tax benefits along with great returns.
3. Balika Samriddhi Yojana
This scheme was started in 1993. Through this scheme, the government aims to provide financial assistance to the daughters of families living below the poverty line (BPL) from birth to their education. Under this scheme, if the mother has a daughter, then financial assistance of Rs 500 is given after delivery. The government also bears the expenses of the girl's education.
4. National Savings Certificate (NSC)
The National Savings Certificate (NSC) is also a good investment scheme. Its account can be opened easily by going to the post office. The specialty of this scheme is that the minimum investment in it can be started from Rs 1,000 and there is no maximum limit of investment in it. If your child is 10 years old or older, then you can open an account in his name. The advantage of investing in this scheme is that along with tax benefits, safe returns are also available.
5. Kisan Vikas Patra (KVP)
Parents can also invest in the Kisan Vikas Patra (KVP) scheme in the name of their minor children. KVP is a long-term saving scheme. The amount invested in it doubles in 115 months. Let us tell you that you can start investing in this scheme with a minimum of Rs 1,000 and there is no maximum limit to investment in it.
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