January 11, 2016

What is the Interest Rate for Sukanya Samriddhi Account?

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What is the Interest Rate for Sukanya Samriddhi Account? 

Interest rate is flexible and shall be revised each year by the Government. Recently Government has increased the interest rate for Sukanya Samriddhi Account. 

For the current fiscal year i.e. 2015-16, interest rate is fixed at 9.20% p.a. (earlier 9.10% p.a.) which is compounded annually like PPF Accounts.