Govt Increases Sukanya Samriddhi Yojana Rate Before Election

Interest Rate Boost for Sukanya Samriddhi Yojana by Modi Govt, Pre-Lok Sabha Election 2024

Photo-Gettyimage By-Vivek Chauhan

Before LS election, the interest rates for the Sukanya Samriddhi Yojana have been increased by 20 basis points for the 1st quarter of 2024.

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Sukanya Samriddhi Yojana now offers 8.2% interest, up from 8%, as per the Finance Ministry's latest update.

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Sukanya Samriddhi Yojana: Secure, government-backed savings with assured returns. A reliable future investment.

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Invest in SSY and avail tax benefits up to ₹1.50 lakh under Section 80C. Plus, enjoy tax-free interest earnings.

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Contribute between ₹250 and ₹1.5 Lakh annually to your Sukanya Samriddhi Account for optimal benefits.

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Post 18 years, withdraw up to 50% from SSY account annually. Adhering to Department of Posts' regulations.

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Besides SSY, the 3-year term deposit rate climbs to 7.1%. Other small savings schemes' rates remain constant.

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Compare Rates: PPF - 7.1%, SCSS - 8.2%, NSC - 7.7%. Ensure the best investment choice for your needs.

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Sukanya Samriddhi Yojana at 8.2% - A wise choice for securing a girl child's future. Plan your investments wisely.

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