Sukanya Samriddhi Yojana Deadline approaches for Higher Returns

Sukanya Samriddhi Yojana: If you save money in Sukanya Samriddhi Yojana (SSY) for your daughter’s future, then this news is important for you.

To get more interest in this plan, you need to invest before Friday, April 5th. If you put money in the account by April 5th, you’ll earn higher returns for the current year, 2024-25.

Following the rules of Sukanya Yojana, investing before this date can help grow your daughter’s savings.

How is interest calculated?

In Sukanya Samriddhi Yojana, interest is calculated based on the lowest balance in the SSY account between the 5th and end of each month.

So, to earn maximum interest for this year, investors should deposit before April 5th. If you miss this date, you’ll lose out on monthly interest for the year.

Any deposit made after the 5th won’t count for interest calculation that month.


Let’s say you deposit Rs 1.5 lakh on April 20th. Only the lowest balance between April 5th and 30th will count for interest.

Since the balance before April 20th is considered, no interest will be given for April on the amount deposited on April 20th.

But if you deposit on or before April 5th, you’ll earn interest for April.

Interest rate

Sukanya Samriddhi Yojana offers an interest rate of 8.2 percent. The government hasn’t changed this rate for April to June.

It decides on the interest rate every quarter. Parents can open accounts for up to 2 daughters, starting with just Rs 250. This scheme also provides tax benefits.

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