SSA Interest Rates
Period
Interest (p.a) in %
16/02/2015 to 31/03/2015
9.1%
01/04/2015 to 31/03/2016
9.2%
01/04/2016 to 30/09/2016
8.6%
01/10/2016 to 31/03/2017
8.5%
01/04/2017 to 30/06/2017
8.4%
01/07/2017 to 31/12/2017
8.3%
01/01/2018 to 30/09/2018
8.1%
01/10/2018 to 31/03/2019
8.5%
*Frequency of Compounding - Yearly
*Tenure - 21 Years
*Minimum Deposit - Rs.1000/- in a Fy
*Maximum Deposit - Rs.150000/- in a Fy
*If Min. Rs 1000/- is not deposited in a Fy, account will be discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
*Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
PMC :
*Normal Premature closure will be allowed after completion of 18 years provided that girl is married.
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