Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY)

What’s the Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023? Allow us to see how the SSY rate of interest developed from the launch date of twenty second Jan 2015 to as we speak.

Sukanya Samriddhi Yojana (Account) is a Small Financial savings Particular Deposit Scheme for woman youngster. This scheme is specifically designed for ladies’ larger training or marriage wants. To know extra about Sukanya Samriddhi Yojana or SSY Account, discuss with my earlier posts:-

As chances are you’ll remember the Authorities will announce the rate of interest of Sukanya Samriddhi Yojana rates of interest on a quarterly foundation, which you will discover tough to trace. Therefore, I’m compiling the rate of interest motion and bringing it in a single put up on your reference.

The Authorities launched the Sukanya Samriddhi Yojana on twenty second January 2015. Therefore, first, allow us to perceive the historic returns of the Sukanya Samriddhi Yojana Account from 2015 to FY 2023-24.

Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023

As I advised you, this plan was launched by the Authorities Of India on twenty second January 2015. At the moment for FY 2014-15, the rate of interest was mounted at 9.1%. The rate of interest for FY 2015-16 was mounted at 9.2%. Nonetheless, from FY 2016-17, the speed of curiosity will likely be mounted on a quarterly foundation. I already wrote an in depth put up on this. I’m offering the hyperlink under to know this essential change.

Under is the timetable for change in rates of interest for all Publish Workplace Financial savings Schemes.

Under is the Sukanya Samriddhi Yojana (SSY) Curiosity Fee 2015 to 2023.

If we draw the identical utilizing a chart, then Sukanya Samriddhi Yojana (SSY) Curiosity Fee 2015 to 2023 appears to be like like under.

Simply to just remember to determine the monetary yr, I’ve used a distinct color for every monetary yr.

Who can use the Sukanya Samriddhi Yojana Account?

Although it’s giving us great tax advantages, and returns precisely like PPF, I counsel you take into account this as a debt product on your youngsters’ training purpose. Therefore, don’t use or depend on this product utterly to build up the corpus on your youngsters’ training purpose. You will need to mix debt (PPF, Sukanya Samriddhi Yojana, or Debt Mutual Funds) and fairness Mutual Funds to succeed in your monetary targets.