Sukanya Samriddhi Account Scheme

Introductory:

• Account can be opened in the name of a girl child till she attains the age of 10 years.
• Only one account can be opened in the name of a girl child.
• Account can be opened in Post office and branches of authorised banks.
• Birth certificate of girl child in whose name the account is opened must be submitted.
• Account can be opened with a minimum of Rs. 250/- and thereafter any amount in multiple of Rs. 100/- can be deposited. A minimum of Rs. 250/- must be deposited in a Financial year.
• Maximum Rs. 1,50,000/- can be deposited in a financial year.
• Interest @ as may be notified by the government from time to time will be calculated on yearly compounded basis and credited to the account.
• One withdrawal shall be allowed on attaining the age of 18 years of account holder to meet education expenses upto 50 % of the balance at the credit of preceding financial year.
• The account can be transferred anywhere in India from one post office/bank to another.
• The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier.

National Savings Institute Home > Interest Rate > Interest Rate on National Savings Schemes Interest Rate upto 31st March 2016 w.e.f. 1st April 2016 onwards   2016 - 2017 2017- 2018 2018 - 2019 2019 - 2020 April-June July-Sep Oct-Dec Jan-Mar April-June July-Sep Oct-Dec Jan-Mar April-June July-Sep Oct-Dec Jan-Mar April-June July-Sep Oct-Dec Savings Account 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 1 Year Time Deposit 7.1 7.1 6.9 6.9 6.9 6.8 6.8 6.6 6.6 6.6 6.9 7.0 7.0 6.9 6.9 2 Year Time Deposit 7.2 7.2 7.1 7.1 7 6.9 6.9 6.7 6.7 6.7 7.0 7.0 7.0 6.9 3 Year Time Deposit 7.4 7.4 7.3 7.3 7.2 7.1 7.1 6.9 6.9 6.9 7.2 7.0 7.0 6.9 5 Year Time Deposit 7.9 7.9 7.8 7.8 7.7 7.6 7.6 7.4 7.4 7.4 7.8 7.8 7.8 7.7 7.7 5 Year Recurring Deposit 7.4 7.4 7.3 7.3 7.2 7.1 7.1 6.9 6.9 6.9 7.3 7.3 7.3 7.2 7.2 5 Year Senior Citizens Savings Scheme 8.6 8.6 8.5 8.5 8.4 8.3 8.3 8.3 8.3 8.3 8.7 8.7 8.7 8.6 8.6 5 Year Monthly Income Account 7.8 7.8 7.7 7.7 7.6 7.5 7.5 7.3 7.3 7.3 7.7 7.7 7.7 7.6 7.6 5 Year National Savings Certificate 8.1 8.1 8.0 8.0 7.9 7.8 7.8 7.6 7.6 7.6 8.0 8.0 8.0 7.9 7.9 Public Provident Fund 8.1 8.1 8.0 8.0 7.9 7.8 7.8 7.6 7.6 7.6 8.0 8.0 8.0 7.9 7.9 Sukanya Samriddhi Account Scheme 8.6 8.6 8.5 8.5 8.4 8.3 8.3 8.1 8.1 8.1 8.5 8.5 8.5 8.4 8.4 Kisan Vikas Patra 7.8 (will mature in 110 months) 7.8 (will mature in 110 months) 7.7 (will mature in 112 months) 7.7 (will mature in 112 months) 7.6 (will mature in 113 months) 7.5 (will mature in 115 months) 7.5 (will mature in 115 months) 7.3 (will mature in 118 months) 7.3 (will mature in 118 months) 7.3 (will mature in 118 months) 7.7 (will mature in 112 months) 7.7 (will mature in 112 months) 7.7 (will mature in 112 months) 7.6 (will mature in 113 months) 7.6 (will mature in 113 months)