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Sukanya Samriddhi Yojana Scheme (SSY) Interest Rate

Published on March 12, 2023

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.

Sukanya Samriddhi Yojana Scheme (SSY) Interest Rate
  • 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%
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