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Source: Live Mint Saving is a vital part of life, whether for retirement or building an emergency fund. There are many excellent ways to increase your savings and make wise investments. Public Provident Funds (PPF), Sukanya Samriddhi Yojana ( SSY), and fixed deposits (FD) are well-liked investment vehicles. People can open a PPF or FD…
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 1:41 PM IST The Finance Ministry on Monday kept interest rates of small saving schemes unchanged for the October-December 2024 quarter, with Sukanya Samriddhi and Senior Citizen Savings Scheme offering 8.2 per cent interest rate. Click here to connect…
Source: Live Mint The Ministry of Finance has released new guidelines for regularising irregular accounts across various small savings schemes. These guidelines apply to multiple accounts, including NSS-87, PPF accounts for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must follow these procedures to ensure compliance and efficiency. This update was officially…
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 8:06 PM IST The outstanding balance in the Sukanya Samriddhi Yojana (SSY) grew from Rs 77,472 crore in February 2023 to Rs 1 lakh crore in February 2024, according to data from the Reserve Bank of India. SSY registered a 41…
Source: Live Mint The Ministry of Finance has issued updated guidelines for regularising irregular accounts across various National Small Savings Schemes. The guidelines cover a range of irregular accounts, including those under NSS-87, PPF for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must adhere to these new procedures to ensure proper…
Source: Live Mint The Sukanya Samriddhi Yojana (SSY), a small deposit savings scheme introduced by the Indian government in 2015, continues to provide attractive returns for parents investing in their daughters’ futures. As part of the Beti Bachao Beti Padhao campaign, the SSY aims to support the educational and financial needs of girl children across…
