8.2 percent interest, government guarantee, in which scheme is getting so much interest?

New Delhi. Recently, the government has announced no change in interest rates on Sukanya Samrudhi Yojana and other small savings schemes for the third quarter (October-December) of the current financial year 2024-25. Thus, the government has not changed the interest rate for three quarters. The rates of some schemes were last changed for the fourth quarter of the financial year 2023-24.

According to the notification, deposits under Sukanya Samrudhi Yojana will earn interest at the same rate of 8.2% as before. The government notifies the interest rate every quarter for these schemes run by post offices and banks.

Sukanya Samrudhi Yojana.
Any Indian citizen can open a Sukanya Samrudhi Yojana account in the name of his daughter. Daughter should be between 0 to 10 years of age to be eligible for this scheme. It carries interest at the rate of 8.2 percent. 250 per annum and a maximum of Rs 1.5 lakh per annum can be deposited in it. You can invest up to a total of 15 years, after which the entire amount will be disbursed at maturity on completion of 21 years. Tax exemption is available on investment, interest and principal amount made in Sukanya Samrudhi Yojana.

By investing Rs 10,000 per month, you will accumulate that much fund.
Suppose your daughter is 5 years old and you invest Rs 10,000 per month in Sukanya Samrudhi Yojana. Accordingly, we invest Rs.1.2 lakh annually. At an interest rate of 8.2% per annum, a huge fund of Rs 55.61 lakh will accumulate after 21 years. In this, the investment amount will be Rs 17.93 lakh, while the interest will be Rs 37.68 lakh.

Tags: Sukanya Samrdhi, Sukanya Samrudhi Scheme