OFFICE MEMORANDUM

Government of India
Ministry of Finance
Department of Economic Affairs

F.NO. 2/3/2014.NS-II, DATED 20-1-2015

Subject: Launch of scheme for Girl Child named “Sukanya Samridhhi Account” by Hon’ble Prime Minister – rate of interest reg.

In compliance of announcement by Finance Minister in his Budget Speech 2014-15 the Government of India has introduced a new scheme named “Sukanya Samridhhi Account” vide Notification No.GSR No.863(E), dated 2nd December, 2014. It has been decided to allow 9.1% rate of interest on investments in the scheme during the financial year 2014-15.

This has the approval of Union Finance Minister.

(Rajendra Kumar Thakur)

Under Secretary to the Govt. of India

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0 responses to “Sukanya Samridhi Account- 9.1% interest rate for investment during 2014-15”

  1. santhosh says:

    Sir this date 11/5/2002 can eligibl to sukanya yojane sir

  2. R S Selvaraj says:

    Mr. Shashang and all, please note that the interest earned under this scheme ALSO EXEMPTED FROM TAX. Pl. read your link carefully.

  3. R S Selvaraj says:

    Mr. Shashang and all, please note that the interest earned under scheme ALSO EXEMPTED FROM TAX. Pl. read your link carefully.

  4. Shashang says:

    http://taxguru.in/income-tax/sukanya-samriddhi-account-tax-benefits.html

    Comparison with PPF in respect of Tax Benefit- under PPF Scheme interest earned is tax free but interest earned on Sukanya Samriddhi Account deposit is taxable. Investment in Both PPF & Sukanya Samriddhi Account is eligible for deduction under section 80C of the Income Tax Act, 1961

  5. BRIJ KISHOR says:

    whether the interest rate @9.1% is compond and also I want confirmation it will be taxable or not.

  6. Chaitanya says:

    Whether interest rate is simple or compound interest?

  7. Raghunath Rao says:

    It is obviously interest rate p.a. I hope it may covers under the benefit of 80C.

  8. Jaspreet says:

    are you mad ?? who pays monthly interest of 9.1% gt brain or not

  9. Sumit says:

    Pls tell in Sukanya Samridhi Account interest 9.1% would be payable at monthly or yearly –

  10. Sumit says:

    Pls tell in Sukanya Samridhi Account interest 9.1% would be payable at monthly or yearly.

  11. Vartika says:

    Pls tell if the sukanya samriddhi a/c is covered under the benefit of 80C?

    Thanks

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