Sukanya Samriddhi Yojana Interest Rate: The interest rates of Sukanya Samriddhi Yojana, launched by the Modi government to advance the daughters and empower them financially, have been fixed.
There has been no change in the interest rates of Sukanya Samriddhi Yojana included in the small savings scheme. The Finance Ministry has kept the interest rates stable at 8 percent for the October-December quarter. Let us tell you that the government did not increase interest rates even for the July-September quarter.
However, for the first quarter of the new financial year i.e. April June, the interest rates increased from 7.60 percent to 8 percent. All the useful things related to Sukanya Scheme – From birth to 10 years of age, parents or legal guardians can open an account for the girl child under the scheme.
Sukanya Samriddhi Yojana accounts can be opened in post offices and banks. The minimum deposit amount of Rs 250 per year and maximum amount of Rs 1,50,000 per year can be invested in the name of the daughter.
Only one Sukanya Samriddhi Yojana account can be opened in the name of the girl child by the parents or legal guardian.
If the minimum deposit amount of Rs 250 is not deposited in a financial year, a penalty of Rs 50 per year will be imposed on default.
