From 1st October, Post Office Sukanya Samriddhi Accounts offers 8.5% Per Annum Rate of interest, which is calculated on yearly basis, and yearly compounded.
– One can make a minimum deposit of Rs 1000 and maximum Rs 1,50,000 in a financial year. Subsequent deposit in multiple of Rs 100.Read more ↓
– Deposits can be made in lump-sum. There is no limit on the number of deposits either in a month or in a Financial year.
One can invest a minimum of Rs 1000 and a maximum Rs 1,50,000 in a financial year in the Post Office Sukanya Samriddhi Yojana account. Subsequent deposit in the account can be made in multiple of Rs 100. The deposits can be made in lump-sum. There is no limit on the number of deposits either in a month or in a Financial year.
The Post Office Sukanya Samriddhi Yojana account can be opened in the name of the girl child below 10 years of age.
Post Office Sukanya Samriddhi Yojana account interest rate: At present, the Post Office is offering 8.5% per annum interest rate (with effect from 1-01 -2018 ), calculated on yearly basis, yearly compounded.
Deposits in the Sukanya Samriddhi account needs to be made only for 14 years. At the current rate of interest, a yearly investment of Rs 1 lakh per year (Total= Rs 14 lakh), would return around Rs 46 lakh after 21 years. A yearly investment of just Rs 50,000 for 14 years, would return over Rs 23 lakh after maturity………..Read More>>