Section 5: Interest on deposit

Sukanya Samriddhi Account Scheme 2019Central Rules · 1873

(1) Deposits in the account shall earn interest at the rate 8.4 per cent per annum.

(2) The interest shall be calculated for the calendar month on the lowest balance in the account between the close of the fifth day and the end of the month. The interest shall be credited to the account at the end of each financial year and any amount of interest in fraction of a rupee shall be rounded off to the nearest rupee and for this purpose any amount of fifty paisa or more shall be treated as one rupee and any amount less than fifty paisa shall be ignored.

(3) Interest shall be credited at the end of the financial year irrespective of the change of the account office due to transfer of the account during the financial year.

Where this provision sits

Act	Sukanya Samriddhi Account Scheme 2019
Section	5
Marginal note	Interest on deposit
Jurisdiction	Central
Status	In force as published by the source

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