Revealed: Interest Rate of Sukanya Samriddhi Yojana (SSY) 2015 – 2024

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Sukanya Samriddhi Yojana (Account) is a Small Savings Special Deposit Scheme for the girl child. This scheme is specially designed by the government of India for the education and marriage expenses of the girl child. Anytime before the girl child becomes ten years old, her parents or legal guardians can open a Sukanya Samriddhi Yojana account in her name.

The government will announce the interest rate of Sukanya Samriddhi Yojana every quarter, so it may be difficult for you to keep track of the changes. This place will give you a comprehensive list of Sukanya Samriddhi Yojana (SSY) Interest Rate from – 2015 to 2023 and also keep you updated on the current interest rates.

Table Of Contents

1.) History Of Sukanya Samriddhi Yojana (SSY) Interest Rates
2.) Sukanya Samriddhi Yojana (SSY) Interest Rates From 2015 to 2023.
3.) Sukanya Samriddhi Yojana (SSY) 2015 to 2023 Interest Rate GRAPH
4.) CONCLUSION

1.) History Of Sukanya Samriddhi Yojana (SSY) Interest Rates

The Indian government introduced this plan on January 22, 2015. The interest rate was set at 9.1% for the fiscal year 2014–15 at that time. For the fiscal year 2015–16, the interest rate was set at 9.2%. However, starting with the fiscal year 2016–17, the interest rate was set for every quarter.

You can check the below table from “A Look into Current and Latest Interest Rates of Post Office Saving Schemes” to understand the period for which the interest rate is calculated and the date of notification.

2.) Sukanya Samriddhi Yojana (SSY) Interest Rates From 2015 to 2023.

3.) Sukanya Samriddhi Yojana (SSY) 2015 to 2023 Interest Rate GRAPH

In the above illustration, the Sukanya Samriddhi Yojana Interest Rate for each year is calculated by taking the average of four quarters in that particular year.

4.) CONCLUSION

We hope that this page has given you enough information regarding the current and historical interest rates for the Sukanya Samriddhi Yojana. It would be beneficial to share this with those who need this information. You can also check “Revealed: Is it good to invest in Sukanya Samriddhi Yojana for your daughter?” for more information regarding this scheme.

Post Office saving schemes like Sukanya Samriddhi Yojana are supported by the government. Therefore, it is a low-risk, dependable type of investment. But, if you choose to invest in other kinds of investment alternatives, such as Mutual Funds, stock markets, etc. it’s advisable to get the assistance of a qualified financial planner instead of taking amateur advice from social media sites such as Quora, Facebook, Twitter, etc.