Sukanya Samriddhi Yojana is the centerpiece of the government’s ambitious plan. This scheme has the highest interest rate of any savings scheme. This scheme was created specifically for the daughters.
Sukanya Samriddhi Yojana: Given the costs of education and raising daughters, it is best to begin saving as soon as possible. The government is implementing an ambitious scheme called Sukanya Samriddhi Yojana to accomplish this. Investing in this scheme will be extremely beneficial to your daughter’s future.
Will elicit the most interest
The government has made no changes to the interest rates on Small Saving Schemes for the first quarter of the new fiscal year. That is, interest on small savings schemes such as the Sukanya Samriddhi Yojana and the Public Provident Fund will continue to be paid in the same manner as in the previous quarter. In such a case, this scheme is still the highest-paying savings scheme, as it was previously.
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Currently, 12-month Fixed Deposits offer 5.5 percent, 5-year FDs offer 6.7 percent, NSCs offer 6.8 percent, PPFs offer 7.1 percent, and Senior Citizens Savings Schemes offer 7.4 percent. The highest interest rate on Sukanya Samriddhi Yojana is 7.6 percent.
The work will be completed for two and a half hundred rupees.
Sukanya Samriddhi Yojana requires a minimum annual investment of Rs 250. In terms of the maximum amount, you can invest up to Rs 1.5 lakh in a fiscal year. Your daughter’s age should be less than ten years old for this. The account must be paid in installments for 14 years after it is opened, and it matures after 21 years.
