Sukanya Samriddhi Yojana Interest Rate 2024

Sukanya Samriddhi Yojana Interest Rate

For the January-March quarter, the government has raised the interest rates on the Sukanya Samriddhi Yojana (SSY) scheme by 20 basis points.

Sukanya Samriddhi deposits will now attract an interest rate of 8.2 percent, up from the existing 8 percent.

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Every quarter, the government announces the interest rate on small savings schemes operated mostly by post offices.

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SSY accounts are eligible for income tax benefits up to $1.50 lakh per year under Section 80C of the Income Tax Act.

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There is a minimum contribution of Rs250 per year to the Sukanya Samriddhi Account

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For the January-March quarter, the government has also raised the three-year term deposit scheme by 10 basis points

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