InvestorQ : Who decides the rate of interest for Sukanya Samriddhi Yojana (SSY)?
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Who decides the rate of interest for Sukanya Samriddhi Yojana (SSY)?

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Manisha Mehta answered.
3 years ago
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The Sukanya Samriddhi Yojana (SSY) is a small- savings scheme backed by the Government of India exclusively for the Indian girl child. The government’s objective behind launching this small savings scheme was to encourage parents to open accounts in their daughter’s names so that they can start saving for their education and marriage early on.

Given that it is a government-backed investment scheme, the rate of interest for SSY, too, is determined by the central government quarterly.

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