Sukanya Samriddhi Yojana will continue to get 8.2% interest rate: FY25 has no change in interest rates of all small saving schemes for the July-September quarter

The government has not made any changes in the interest rates of all small savings schemes for the July-September quarter (Q2FY25). The Finance Ministry has issued a notification on Friday (June 28) and informed about this. Earlier, there was no change in the interest rates of all small saving schemes for the April-June quarter (Q1fy25). Public Provident Fund (PPF) will get 7.1% for the 2024-25 quarter and 8.2% interest rate on Sukanya Samriddhi Yojana. The government also monitors the liquidity situation and inflation of the country before taking a decision on the interest rates of small savings schemes. However, every quarter reviews the interest rates on small savings schemes including PPF, NSC and KVP. Interest rates on small saving schemes are between 4% to 8.2%.

The last time in December was the interest rates in December. Had announced. Then there was an increase in Sukanya Samriddhi Yojana by 0.20% and 3 years time deposit rates by 0.10%. At the same time, the rates of other schemes were not changed.

Earlier the government had increased the rates on RD for October-December by 0.20%. The interest rate of Sukanya scheme was 8% first and the interest rate of three years time deposit was 7%. This was the sixth consecutive quarter, when the rates of these schemes increased. The Finance Ministry did not change the interest rates of small savings schemes to nine consecutive quarters. After this, it started to increase it from October-December 2022.

SSY Yojana was launched on January 22, 2015, Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao Beti Padhao campaign Launched in This plan is to meet the daughter’s education and wedding expenses.

The daughter’s age should be less than 10 years. Only one account is allowed for a daughter. A family can open only two SSY accounts. SSY account can be opened offline by going to bank or post office.

The minimum investment in it is ₹ 250 per year. The maximum investment is ₹ 1,50,000 per year. The maturity period is 21 years. For this, the daughter’s birth certificate, the photo ID and address proof of the parent or legal guardian will have to be given.

Interest rates are reviewed every quarter. Is. The formula to fix their interest rates was given by the Shyamala Gopinath Committee. The committee suggested that the interest rates of these schemes should be 0.25-1.00% higher than the government bonds with the same maturity. There are sources and contains 12 instruments. In these schemes, deposits get interest on their money. The collection from all small savings schemes is deposited in the National Small Savings Fund (NSSF). Small saving schemes have emerged as a source of government deficit financeing.