Question
What is the interest rates of Sukanya Samriddhi Yojana,
a government-backed small savings scheme for the benefit of girl child?Solution
Sukanya Samriddhi Yojana, is a part of the Beti Bachao, Beti Padhao Yojana and can be opened by the parents of a girl child below the age of 10. It can be opened at designated banks or post offices. Account has a tenure of 21 years or until the girl child marries after the age of 18. The minimum deposit amount is Rs 250 and it has an interest rate of 7.6% p.a.
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