Section 80C of the Income Tax Act

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Government Boosts Sukanya Samriddhi Yojana Returns: Interest Rates Hiked for Q1 2024

The interest rates for the Sukanya Samriddhi Yojana (SSY) have been increased by 20 basis points for the January-March quarter by the Narendra Modi government, preceding the Lok Sabha polls in 2024. As per a circular from the finance ministry, the Sukanya Samriddhi scheme will now offer an interest rate of 8.2%, up from the previous 8%. The government routinely…