Sukanya Samridhi Yojana interest rate hiked by Modi

BREAKING NEWS

Explore the latest update on the Sukanya Samriddhi Yojana's interest rate hike for Q1 2024.

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The Narendra Modi government increases the interest rates on SSY, a government-backed scheme providing guaranteed returns.

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Dive into the specifics - the interest rate on Sukanya Samriddhi Yojana now stands at 8.2%, up from the previous 8% for the January-March quarter.

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Uncover the benefits of Sukanya Samriddhi Yojana, including guaranteed returns, income tax benefits under Section 80C, and tax-free interest.

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Learn about the contribution aspects - a minimum of ₹250 annually and a maximum of ₹1.5 Lakh in a financial year.

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Understand the withdrawal rules; guardians can withdraw up to 50% of the balance after the girl turns 18, with specific regulations outlined by the Department of Posts.

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Get a glimpse of other financial changes, including a 10 basis points hike in the three-year term deposit scheme for Q1 2024, now offering 7.1%.

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BREAKING NEWS

Sukanya Samridhi Yojana interest rate hiked by MODI govt

Explore the latest update on the Sukanya Samriddhi Yojana's interest rate hike for Q1 2024.

MODI GOVT BOOSTS SUKANYA SAMRIDDHI YOJANA RETURNS:

The Narendra Modi government increases the interest rates on SSY, a government-backed scheme providing guaranteed returns.

Government's Financial Move:

Dive into the specifics - the interest rate on Sukanya Samriddhi Yojana now stands at 8.2%, up from the previous 8% for the January-March quarter.

NEW INTEREST RATE: 8.2%

Uncover the benefits of Sukanya Samriddhi Yojana, including guaranteed returns, income tax benefits under Section 80C, and tax-free interest.

SSY BENEFITS:

Learn about the contribution aspects - a minimum of ₹250 annually and a maximum of ₹1.5 Lakh in a financial year.

CONTRIBUTE WISELY:

Understand the withdrawal rules; guardians can withdraw up to 50% of the balance after the girl turns 18, with specific regulations outlined by the Department of Posts.

WITHDRAWAL RULES:

Get a glimpse of other financial changes, including a 10 basis points hike in the three-year term deposit scheme for Q1 2024, now offering 7.1%.

OTHER FINANCIAL UPDATES: