New Delhi, April 20 -- Choosing the right investment scheme when designing your financial plan can make a big difference for your child's future. For your girl child in particular, the Centre's small savings schemes offer the Sukanya Samridhhi Yojana, which can help secure major life expenses, including education, healthcare, hobbies and other aspirations for your daughter.

To withdraw funds from Sukanya Samriddhi, the account holder must be at least 18 years old for partial withdrawals. Additionally, the account must be operational for a minimum period, typically 15 years from the date of opening. This ensures that the funds have had time to accumulate interest and maximise benefits.

It's also important to note that the scheme allows f...