Sukanya Samriddhi Yojana – Big news for investors. The government is going to review the interest rates of all small savings schemes including Sukanya Samriddhi Yojana (SSY) by June 30, 2025. The new interest rates will be applicable from July 1, 2025 and will be valid till September 30, 2025. At present, 8.2 percent annual interest is being received on Sukanya Samriddhi Yojana, which has been stable for some time. But now it is expected that the government may reduce the interest rate on Sukanya Samriddhi Yojana.
The interest rate of Sukanya Samriddhi Yojana will decrease!
A major reason for this is that the Reserve Bank of India (RBI) has cut the repo rate by a total of 1 percent since February 2025. The effect of this was that almost all the banks in the country have reduced the interest rates on their fixed deposits and savings accounts. In such a situation, it is possible that the government may also reduce the interest rate of small savings schemes, especially schemes like Sukanya Yojana. Although the final decision on this will be taken on June 30, a slight reduction in interest rates is expected.
Interest rate on small savings scheme
The interest rate on small savings schemes of the government from April to June, the first quarter of the financial year 2025-26 is as follows.
4 percent interest is being given on post office savings account.
6.7 percent interest is being given on 5 year recurring deposit.
8.2 percent interest is being given on Senior Citizen Savings Scheme.
7.4 percent interest is being received on monthly income account.
7.7 percent interest is being given on National Savings Certificate (NSC).
7.1 percent interest is being given on Public Provident Fund (PPF).
Sukanya Samriddhi Account is also getting a good interest rate of 8.2 per cent.
The interest rate on Kisan Vikas Patra is fixed at 7.5 percent and it will mature in 115 months.
Now the interest rates for the July to September quarter will be decided on June 30, 2025.
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a savings scheme that was launched in 2015 as part of the government’s initiative Beti Bachao, Beti Padhao Abhiyaan. The scheme enables parents to open a savings account for their daughter in any commercial bank or India Post branch.