If you are a father of a daughter, then Central government’s Sukanya Samriddhi Yojana will be very useful for you. If you have one or two daughters, you can also take advantages of Centre’s Sukanya Samridhi Yojana.
Sukanya Samridhi Yojana was launched for the improvement of girl child’s future. This scheme is not only providing more interest than public provident fund (PPF) rather it is also helpful to parents in Tax Planning. You can open an account for your 10-year-old daughter. In this scheme, the current annual interest is 8.1 percent which is higher than the PPF.