Doubt in Sukanya Samriddhi Yojana

[Hema Kulkarni]

Hi Guys! Have 1 doubt in Sukanya Samriddhi Yojana

Does the Interest get locked in when we invest in this scheme? Or it keeps changing every quarter?

 

[anuragmukherjee28]

I think it gets locked in ,but am not sure, any one here who can verify my answer ?

 

[finance.geek]

Hi Guys! Have 1 doubt in Sukanya Samriddhi Yojana

Does the Interest get locked in when we invest in this scheme? Or it keeps changing every quarter?

No ,its not locked
its reviewed every quarter by the Indian govt. and decided a intrest rates.

 

[amitsaini]

Not fixed, it is revised by government quarterly.
But there is a surety that it will always provide best interest rate out of all govt schemes like epf, ppf, post office schemes etc.

 

[anuragmukherjee28]

No ,its not locked
its reviewed every quarter by the Indian govt. and decided a intrest rates.

But see this article ,it's says the interest gets fixed

 

[finance.geek]

But see this article ,it's says the interest gets fixed

Hey i think you understood in the wrong way
In your screenshot also visible that for the second quarter its fixed for 8 % not for a year .
Have a look on below attachment

 

[anuragmukherjee28]

Hey i think you understood in the wrong way
In your screenshot also visible that for the second quarter its fixed for 8 % not for a year .
Have a look on this

But once you register in the scheme,the interest rate get fixed

 

[Manoj Kohli]

Have same query. It would be helpful if someone can share their personal experience here...

Every website says contradictory things

 

[anuragmukherjee28]

Have same query. It would be helpful if someone can share their personal experience here...

Every website says contradictory things

too young to have kids

 

[Harsh Shah]

Read and heard from most of them that interest rates are not fixed. It changes every quarter.

 

[abhi1802]

Ya its changes every quarter