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Sukanya Samriddhi Yojana Interest Rate 2024 Benefits,  Revised From January

Here we are again with another piece of information which is for those candidates who have applied under the scheme called Sukanya Samriddhi Yojana which is released by the government of India to provide benefits to the citizens, and now the government released another information related to this Sukanya Samriddhi Yojana Interest Rate which is that the authorities have increased the interest rates which will help citizens to get more returns on their savings. So, if you want to know about the interest rates and other details about this scheme, then you have to read this whole article till the end. Here we have mentioned details such as benefits, eligibility criteria, features, registration process, process to check interest rates and other details as well.

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Sukanya Samriddhi Yojana Interest Rate

The government of India released a scheme which is called Sukanya Samriddhi Yojana in 2015 for the citizens to provide them financial support and there are large number of candidates who have applied for this scheme. Recently the government released update about this scheme that is the government just increased the interest rate for the candidates, in which beneficiaries will get a chance to invent more in government authorized schemes. Now the interest rate from 8% to 8.20% increased 20% mode. So if you want to learn more details about this transformation then you have to read this whole article till the end.

Sukanya Samriddhi Yojana Interest Rate

Key Highlights of Sukanya Samriddhi Yojana Interest Rate

Name of the schemeSukanya Samriddhi Yojana
Launched byCentral Government of India
ObjectiveIncrease in interest rate so that they can make savings from it as well.
BeneficiariesSukanya Samriddhi account holders
Official websiteSukanya Samriddhi Website

Objective of Sukanya Samriddhi Yojana Interest Rate

The main objective of this initiative is to provide financial support for all the girls who live in India to provide them a chance to complete their education and it will also hold all the marriage expenses as well. The government recently announced the interest rate which is now increased from 8% to 8.20% so that beneficiaries will get a chance to make savings from it as well and also get returns from their savings. This scheme was created to support the program called beti bachao beti padhao and also women empowerment, so if you want to get more information about this scheme then kindly read this article and get all the detailed information from it.

Benefits Sukanya Samriddhi Yojana Interest Rate

  • The government released the information which is that, the interest rate of this scheme has been increased from 8% to 8.20%.
  • With the help of this plan increased interest rates, beneficiaries will be able to invest in government schemes as well.
  • This scheme was implemented by the government of India to support female students to pursue their higher education and also their marriage expenses as well.
  • Under this scheme the maximum investment was 250 and minimum is 1,50,000 per year.

Previous and Revised Interest Rates

 PreviousRevised
Interest Rate8%8.20%

Eligibility Criteria

  • Under this, bank accounts should be opened by the parents of girls.
  • It is important that each beneficiary must hold only one bank account.
  • Under this scheme, only 2 girls from the family can apply under this scheme.
  • All the beneficiaries must have all the necessary documents at the time of registration.

Required Documents List

  • Aadhar card
  • Academic documents
  • Date of birth certificate
  • Etc.

Registration Procedure Under Sukanya Samriddhi Yojana

  • To open the account under this scheme, you have to go to your nearest bank or post office.
  • There you will get the application form and then you have to fill all the necessary details and attach the documents that are asked.
  • And with that, you have to submit the demand draft with the first deposit amount from rage 250 to 1,50,000 .
  • And then submit the application and the process will be done by the bank.

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