Interest rate for FY 2015-16 for Sukanya Samridhi Account

An Interest of 9.2% shall be allowed on Sukanya Samridhi Account for financial year 2015-16. The government announced this rate today. This account shall earn 0.5% higher interest than PPF a/c which earns 8.7% interest. The government therefore is really encouraging people to go for this scheme.

Investments in Sukanya Samridhi account are eligible for deduction under section 80C. Interest and withdrawals are tax exempt.

Do you want to know more about PPF account – Read here

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