Current context: The rates for the scheme are expected to remain the same for April-June months of FY23. Currently the scheme offers 7.6% interest.
- The tax deduction under this scheme has a limit of 1.5 lakh per year.
- The interest rate under Sukanya samriddhi yojana scheme is reduced to 7.6% from 8.4% in FY2020.
- PPF interest rate is lowered to 7.1% from 7.9%
- The effective interest rate for SSY scheme is found to be 11.04%.
- SSY scheme can also be opened under the name of a girl child with minimum age 10 years and maximum deposit is Rs.1.5 lakhs.
Question:
Q.1 What is he interest rate of Sukanya samriddhi yojana scheme (SSY) ?a.7.6%
b.4.0%
c.4.9%
d.5.0%
