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PPF vs Sukanya Samriddhi: Which one is better investment scheme for your daughter?
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No change in interest rate on small savings schemes - The Hindu BusinessLine
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Open Sukanya Samriddhi In Banks Or Post Office Account With Just Rs 250, Here s How May 03, 2021, 18:42 IST
Sukanya Samriddhi Scheme is a Risk-free scheme
You can open an account with just Rs.250
Wondering what this scheme is all about? If you have any questions about this scheme - Sukanya Samridhi, keep on reading.
You can join this scheme with just Rs.250. Then you can deposit as much money as you like each month.
By entering this scheme, you can get fair returns. There is no risk. It can, however, be placed into long-term investments.
Money should be invested for 15 years. The Sukanya Samridhi Scheme is currently offering a 7.6% interest rate.
(This story originally appeared in on Apr 02, 2021)NEW DELHI: The government on Thursday hastily recalled an order drastically reducing interest rates on small savings schemes like post office deposits and public provident fund, with finance minister Nirmala Sitharaman attributing it to oversight .
The rollback was seen to be a political decision as the rate cut coincided with the crucial second phase of elections in West Bengal, which is the top source of small savings deposits on a gross basis. Also, most phases of the ongoing assembly elections are still to roll out and the cuts were seen to hurt traditional savings choices, particularly among senior citizens.
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