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Jan 5, 2024 · The SSY interest rate is determined every quarter and is considered one of the highest among various investment options. The current Sukanya Samriddhi Yojana interest rate for FY 2022-2023 is 7.6% compounded annually. Let’s take a look at the interest rates of SSY year-wise.
Dec 30, 2023 · What is the latest SSY interest rate The interest rate of Sukanya Samriddhi Yojana scheme was hiked by 20 bps for the January-March 2024 quarter. It has been hiked from 8% to 8.2% for the quarter. Features of SSY Age of Girl Child at time of Account Opening: Age should not be than 10 years.
Apr 29, 2018 · Interest rates of all Small Savings scheme has been going down. SSY has been set for 8.1% Interest rate for FY 2018-19 (Q1) Sukanya Samriddhi Yojana Update 2022. The Government of India has made several changes in the provisions of Sukanya Samriddhi Yojna to make it more beneficial. Let us have a look at the newly introduced changes:
Jan 18, 2024 · The interest rate of Sukanaya Samriddhi Yojana is declared by the Government every quarter. The current annual interest rate is 7.6% , compounded annually . You can invest anywhere between Rs. 250 to Rs. 1.5 lakh per year in an SSY account, provided the deposits are in multiples of fifty rupees.
The interest rate on the Sukanya Samriddhi Yojana is fixed by the government and reviewed every quarter. For the current quarter of 2024, Sukanya Samriddhi Yojana interest rate is 8.2% p.a. Here is a Sukanya Samriddhi yojana chart with additional details-. SSY Interest Rate. 8.2% p.a. Investment Amount. Minimum - Rs. 250; Maximum Rs. 1.5 lakh p.a.
For instance, if the yearly investment amount is Rs 1.5 lakhs for 15 years, then at the current interest rate of 8%, the maturity amount would be Rs 69.80 lakh at the end of 21 years. Sukanya Samriddhi Yojana Calculator can help you estimate this maturity amount. Basis this, you can back-calculate to understand how much yearly investment is needed.
The interest rate of Sukanya Samriddhi Yojana scheme has been kept unchanged from the previous quarter. The interest rate for the July- September 2024 quarter stands at 8.2%.
