New Year 2024 brings a significant initiative by the Central Government. The interest rates for Sukanya Samriddhi Yojana have been raised from 8 percent to a rate of 8.2 percent. 
 

If your daughter is under 10 years old, consider depositing money in her name through this scheme. The accumulated funds can prove valuable for her future. 
 

An amount ranging from Rs 250 to Rs 1.5 lakh can be deposited. It is a long-term scheme requiring a deposit commitment of 15 years. 
 

For example, if you deposit Rs 5000 every month for a period of 15 years, the total investment at the end of the scheme would amount to Rs 9 lakh. 
 

With the increased interest rate of 8.2 percent, the total amount would be Rs 28,72,848 after 21 years.