New Delhi: On a day when most eyes in India are on Ayodhya, there was good news filtering through for a certain section of savers.
The Narendra Modi government has hiked the interest rate for ‘Sukanya Samriddhi Yojana’ by 20 basis points, reported PTI.
According to a Finance ministry circular, deposits under this scheme will henceforth earn an interest rate of 8.2% — up from 8%.
The Central government’s ‘Sukanya Samriddhi Yojana’ is a savings scheme for the girl child as part of its ‘Beti Bachao – Beti Padhao’ initiative.
As part of this scheme, a parent or guardian of a girl child aged 10 years or younger can open an account in either authorised bank or nearest post offices. Besides higher rate of interest than savings accounts, it also offers tax benefits to the parents/guardians.
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