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Historic Curiosity Price of Sukanya Samriddhi Yojana (SSY)


What’s the Historic Curiosity Price of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023? Allow us to see how the SSY rate of interest developed from the launch date of twenty second Jan 2015 to in the present day.

Sukanya Samriddhi Yojana (Account) is a Small Financial savings Particular Deposit Scheme for woman youngster. This scheme is specifically designed for women’ increased schooling or marriage wants. To know extra about Sukanya Samriddhi Yojana or SSY Account, seek advice from my earlier posts:-

As chances are you’ll remember the Authorities will announce the rate of interest of Sukanya Samriddhi Yojana rates of interest on a quarterly foundation, which you will discover tough to trace. Therefore, I’m compiling the rate of interest motion and bringing it in a single submit to 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 Price of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023

As I advised 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 can be mounted on a quarterly foundation. I already wrote an in depth submit on this. I’m offering the hyperlink under to know this necessary change.

Under is the timetable for change in rates of interest for all Put up Workplace Financial savings Schemes.

Post Office Interest Rate changing Time Table

Under is the Sukanya Samriddhi Yojana (SSY) Curiosity Price 2015 to 2023.

Historic Curiosity Price of Sukanya Samriddhi Yojana (SSY) – 2015 to 2023
Monetary Quarter Curiosity Price
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 Price 2015 to 2023 seems to be like under.

Historical Interest Rate of Sukanya Samriddhi Yojana (SSY) - 2015 to 2023

Simply to just be sure you determine the monetary 12 months, I’ve used a special 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 to your youngsters’ schooling aim. Therefore, don’t use or depend on this product utterly to build up the corpus to your youngsters’ schooling aim. You have to mix debt (PPF, Sukanya Samriddhi Yojana, or Debt Mutual Funds) and fairness Mutual Funds to succeed in your monetary targets.

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