WebJun 22, 2024 · For someone who is adamant about not taking any risk at all, i.e. for a conservative risk-averse investor, the Sukanya Samriddhi Scheme makes a lot of sense as it offers an SSY Interest rate of 7.6% which is practically risk-free and tax-free. WebMar 10, 2024 · Sukanya Samriddhi Yojana Interest Rate. Sukanya Samriddhi Yojana Interest Rate 2024-2024 for last quarter i.e., 1st January 2024 to 31st March 2024 is 7.6% p.a. Previosuly the interest rate was 8.4% p.a. The interest amount along with principle amount is paid on the maturity of the SSY account.

All You Need To Know About Sukanya Samriddhi Yojana - NDTV

WebJan 4, 2024 · Sukanya Samridhi Yojana (SSY) ... Senior Citizens Savings Scheme by an individual is a qualifying deposit under section 80C up to Rs. 1.5 lakhs from the taxable income. The interest on such deposits is fully taxable and liable for a tax deduction if the interest is above Rs. 50,000. 7. the tsa currently now part of the faa

Sukanya Samridhi Yojana: Latest Interest Rates - Effective From …

WebFeb 5, 2024 · 5 ways to benefit from the Sukanya Samriddhi scheme; 1. Interest: This scheme currently offers an interest rate of 8.4 per cent per annum, which is the second … WebSukanya Samridhi Account Eligibility criteria Sukanya Samridhi and an account of girls can be opened from birth to less than 10 years. Only one account is allowed for ... taxation. Expired interest acquired through this account shall be exempted from the tax. In addition, the due amount is not taxed. Applicable interest rates: The interest ... Web2 days ago · Sukanya Samridhi Yojana: The interest rate of Sukanya Samriddhi Yojana has been significantly hiked to 8 per cent from the existing 7.6 per cent, while interest rate of NSC has been hiked from the existing 7 per cent to 7.7 per cent. ... -Interest earned in the account is free from Income Tax under Section -10 of I.T.Act. For senior citizens ... sewing machine shop and repair