What’s the Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023? Allow us to see how the SSY rate of interest advanced from the launch date of twenty second Jan 2015 to right now.
Sukanya Samriddhi Yojana (Account) is a Small Financial savings Particular Deposit Scheme for lady youngster. This scheme is specifically designed for women’ greater schooling or marriage wants. To know extra about Sukanya Samriddhi Yojana or SSY Account, consult with my earlier posts:-
As you could remember the Authorities will announce the rate of interest of Sukanya Samriddhi Yojana rates of interest on a quarterly foundation, which you’ll discover troublesome to trace. Therefore, I’m compiling the rate of interest motion and bringing it in a single submit in your reference.
The Authorities launched the Sukanya Samriddhi Yojana on twenty second January 2015. Therefore, first, allow us to perceive the historic returns of the Sukanya Samriddhi Yojana Account from 2015 to FY 2023-24.
Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023
As I informed you, this plan was launched by the Authorities Of India on twenty second January 2015. At the moment for FY 2014-15, the rate of interest was mounted at 9.1%. The rate of interest for FY 2015-16 was mounted at 9.2%. Nonetheless, from FY 2016-17, the speed of curiosity might be mounted on a quarterly foundation. I already wrote an in depth submit on this. I’m offering the hyperlink under to grasp this essential change.
Under is the timetable for change in rates of interest for all Submit Workplace Financial savings Schemes.
Under is the Sukanya Samriddhi Yojana (SSY) Curiosity Fee 2015 to 2023.
| Historic Curiosity Fee of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023 | |
| Monetary Quarter | Curiosity Fee |
| twenty second Jan 2015 to thirty first March 2015 | 9.10% |
| 1st Quarter of 2015-16 | 9.20% |
| 2nd Quarter of 2015-16 | 9.20% |
| third Quarter of 2015-16 | 9.20% |
| 4th Quarter of 2015-16 | 9.20% |
| 1st Quarter of 2016-17 | 8.60% |
| 2nd Quarter of 2016-17 | 8.60% |
| third Quarter of 2016-17 | 8.50% |
| 4th Quarter of 2016-17 | 8.50% |
| 1st Quarter of 2017-18 | 8.40% |
| 2nd Quarter of 2017-18 | 8.30% |
| third Quarter of 2017-18 | 8.30% |
| 4th Quarter of 2017-18 | 8.10% |
| 1st Quarter of 2018-19 | 8.10% |
| 2nd Quarter of 2018-19 | 8.10% |
| third Quarter of 2018-19 | 8.50% |
| 4th Quarter of 2018-19 | 8.50% |
| 1st Quarter of 2019-20 | 8.50% |
| 2nd Quarter of 2019-20 | 8.40% |
| third Quarter of 2019-20 | 8.40% |
| 4th Quarter of 2019-20 | 8.40% |
| 1st Quarter of 2020-21 | 7.60% |
| 2nd Quarter of 2020-21 | 7.60% |
| third Quarter of 2020-21 | 7.60% |
| 4th Quarter of 2020-21 | 7.60% |
| 1st Quarter of 2021-22 | 7.60% |
| 2nd Quarter of 2021-22 | 7.60% |
| third Quarter of 2021-22 | 7.60% |
| 4th Quarter of 2021-22 | 7.60% |
| 1st Quarter of 2022-23 | 7.60% |
| 2nd Quarter of 2022-23 | 7.60% |
| third Quarter of 2022-23 | 7.60% |
| 4th Quarter of 2022-23 | 7.60% |
| 1st Quarter of 2023-24 | 8.00% |
| 2nd Quarter of 2023-24 | 8.00% |
| third Quarter of 2023-24 | 8.00% |
If we draw the identical utilizing a chart, then Sukanya Samriddhi Yojana (SSY) Curiosity Fee 2015 to 2023 seems to be like under.
Simply to just remember to establish the monetary 12 months, I’ve used a distinct color for every monetary 12 months.
Who can use the Sukanya Samriddhi Yojana Account?
Despite the fact that it’s giving us great tax advantages, and returns precisely like PPF, I recommend you think about this as a debt product in your children’ schooling aim. Therefore, don’t use or depend on this product fully to build up the corpus in your children’ schooling aim. You need to mix debt (PPF, Sukanya Samriddhi Yojana, or Debt Mutual Funds) and fairness Mutual Funds to succeed in your monetary targets.
