Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him …
January 24 is celebrated as the ‘National Girl Child Day’ across the country every year. The Ministry of Women and Child Development started the initiative of celebrating National Girl Child Day in 2008 to spread awareness about girl child rights and issues faced by them. The Ministry of Women and Child Development started the initiative …
Sukanya Samridhi Yojana interest rate hiked: The Narendra Modi government has raised the interest rates on the Sukanya Samriddhi Yojana (SSY)scheme by 20 basis points for the January-March quarter, ahead of Lok Sabha polls 2024. According to a finance ministry circular, the deposit under the Sukanya Samriddhi scheme would attract an interest rate of 8.2 …