Section 7: Interest on deposit

the Sukanya Samriddhi Account Rules, 2016.Central Rules · 1873

(1) The interest on deposit shall be compounded yearly at the rate notified by the Government in the Official Gazette from time to time and shall be credited, rounded off to the nearest rupee, to the Account of the beneficiary at the end of each financial year.

(2) The interest shall be calculated for the calendar month on the lowest balance in an Account on the deposits made between the close of the tenth day and the end of the month.

8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

Where this provision sits

Act	the Sukanya Samriddhi Account Rules, 2016.
Section	7
Marginal note	Interest on deposit
Jurisdiction	Central
Status	In force as published by the source

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