What is the interest rate for the Sukanya Samriddhi Scheme for the quarter from October 1, 2024, to December 31, 2024?

Current Affairs Economy Difficulty: Medium
Choose an option
  • A
    7.1%
  • B
    7.5%
  • C
    8.2%
  • D
    7.7%
  • E
    4.0%

Answer

Correct Answer: 8.2%

Explanation

### Concept & Fact The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme under the "Beti Bachao Beti Padhao" campaign, offering tax benefits and high returns for a girl child's education and marriage. ### Step-by-Step Solution * **Quarterly Reviews:** The Government of India reviews and announces the interest rates for small savings schemes on a quarterly basis. * **Q3 FY25 Status:** For the third quarter of the financial year 2024-25 (October 1 to December 31, 2024), the Finance Ministry kept the interest rates unchanged for most small savings schemes. * **Current Rate:** The interest rate for the Sukanya Samriddhi Scheme was retained at 8.2% per annum. ### Exam Strategy & Shortcut For current affairs tests, only memorize the most recent quarter's interest rates just before your exam for SSY and PPF. SSY consistently offers one of the highest rates among fixed-income small savings schemes, usually above 8%. ### Common Pitfall Confusing the SSY rate with the Public Provident Fund (PPF) rate (which is usually around 7.1%). Remember that SSY yields a significantly higher return. ### Final Answer Therefore, the correct answer is **8.2%**.
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