Government Implements Major Change in Sukanya Samriddhi Yojana

30 Sep, 2023

Latest Government Schemes:  Kanya Samriddhi Yojana is one of the government initiatives in which individuals are investing at an increasing rate year after year. This government plan assists you in saving money in the long run, and individuals are increasingly investing in it since it is absolutely risk-free. Now, a major change has been announced in the Sukanya Samriddhi Yojana.

 

What is Sukanya Scheme?

All Small Savings Scheme interest rates will be changed by the government. This also includes the Sukanya Samriddhi Yojana. The decision on the scheme's new interest rate can be made at the end of September 2023, on the 29th or 30th. The government announces the interest rates for these programs on a quarterly basis. Sukanya Samriddhi Yojana has an interest rate of 8% from July to September of this year. According to the revised guidelines, if there are two twin girls following one daughter, it is now possible to register an account for both of them. If a parent has three daughters, he/she can invest money in their names. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be contributed annually under this plan.

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