Selvamagal Savings Scheme
By which date is it profitable to pay money in the Selvamagal Savings Scheme? Find out by which date is it profitable to pay money in the Selvamagal Savings Scheme. You can also see how much interest you will get if you invest how much money in a year Regarding this, Venkataraman Ramasubramanian has said on social media: By which date is it profitable to pay money in the Selvamagal Savings Scheme? In the Selvamagal Savings Scheme, i.e. Sukanya Samruddhi Yojana, a good interest rate is available every year. The current interest rate is 8.2%. It can change from quarter to quarter. This is a great compound interest scheme. In this scheme, interest is calculated monthly and added to the principal at the end of the year. The minimum balance from the 5th of a month to the end of the month is considered as the principal and interest is calculated. Therefore, to get the full benefit of Sukanya Samruddhi Yojana, one should invest a maximum amount of Rs 1.5 lakh at t...