BusinessGovernment Saving Schemes: Interest on PPF, Sukanya Samriddhi Yojana may increase from...

Government Saving Schemes: Interest on PPF, Sukanya Samriddhi Yojana may increase from July 1, Modi government will announce soon

From July 1, the Modi government at the Center can increase interest rates on savings schemes like PPF and Sukanya Samriddhi.

Small Saving Scheme : If you have invested in savings scheme like NSC, PPF and Sukanya Samridhi Yojna then there is good news for you. Actually, from July 1, the Modi government at the Center can increase the interest rates on savings schemes like PPF and Sukanya Samriddhi.

Government may announce soon

The Finance Ministry reviews the interest rates of government savings schemes at the beginning of every quarter. It is now expected that from July 1, 2022, the Finance Ministry may announce an interest rate ranging from 0.50 to 0.75 percent on the government’s savings schemes.

Big fund can be raised for daughter

If you also want to create a big fund for your daughter then Sukanya Sukanya Samriddhi Yojana (Sukanaya Samridhi Yojna – SSY) is a good option. By investing money in SSY scheme, you will be sure about your daughter’s higher education, career and marriage.

For this you have to invest in Sukanya Samriddhi Yojana. An account can be opened for a daughter below the age of 10 years under Sukanya Samriddhi Yojana.

How to open Sukanya Samriddhi Yojana Account

The account under Sukanya Samriddhi Yojana can be opened after the birth of a girl child before the age of 10 years with a minimum deposit of Rs 250. Under Sukanya Samriddhi Yojana in the current fiscal year, you can deposit up to a maximum of Rs 1.5 lakh annually.

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