New Delhi: The Finance Ministry has revised the interest rates of post office savings schemes for the September quarter. In such a situation, the investors of Sukanya Yojana were also waiting to get the benefit of increased interest, but this time the Ministry has not made any change in the interest rate on Sukanya Yojana. In such a situation, the interest rate given in the June quarter is going to be applicable in this quarter also.

What is Sukanya Samriddhi Yojana

Under the Beti Bachao-Beti Padhao mission, the central government started the Sukanya Samriddhi Yojana in the year 2015. In this scheme, the amount can be deposited for 15 years by opening an account in the name of the daughter. For Sukanya Yojana, the account of a girl child below 10 years of age can be opened. Parents can open Sukanya account for their girl child in the nearest bank or post office.

Interest rate on 3 savings schemes has increased

The Finance Ministry has increased the interest rates on only 3 small savings schemes for the July-September quarter on 30 June 2023.

  • The interest rate on Post Office Time Deposit Scheme has been increased from 6.8 per cent to 6.9 per cent for 1 year.
  • The interest rate on 2-year post office time deposit has been increased from 6.9 per cent to 7 per cent.
  • The interest rate on 5-year recurring deposit scheme has been increased from 6.2 per cent to 6.5 per cent.

Current Interest Rate on Sukanya Yojana

The Central Government has not changed the interest rate on Small Savings Scheme and Post Office Savings Schemes for the July-September quarter. The investors of the scheme will get 8 percent interest rate as before. The government last increased the interest rate from 7.6 per cent to 8 per cent in June.

It is necessary to link Sukanya account with Aadhaar

According to the Finance Ministry, the investor of Sukanya Samriddhi Yojana who has opened the account before March 31, 2023 and has not submitted his Aadhaar number to the Accounts Office, will have to submit Aadhaar to the concerned office within six months from April 1, 2023. . At the same time, in the post office or bank where Sukanya account is opened, Aadhaar can also be linked there by depositing it. The last date for submission of Aadhaar is 30 September 2023. Failure to do so may result in account freeze.

Rahul Dev

Cricket Jounralist at Newsdesk

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