BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.1
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8.5
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8.7
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9.1
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9.2
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Detailed explanation-1: -The current rate of interest offered by Sukanya Samriddhi Yojana is 7.6% compounded annually.
Detailed explanation-2: -The scheme allows the parent/guardian to open a savings account for their girl child in any authorized commercial bank or Indian Post Office. Currently, the Sukanya Samriddhi Yojana interest rate is 7.6% compounded annually. The account can be opened by the parent of the girl child below the age of 10 years.
Detailed explanation-3: -The SSY account is operative for 21 years from the date of opening the account, or until the girl child’s marriage after 18. You could make partial withdrawals up to 50% of the balance amount for higher education expenses of the girl child. The SSY account currently offers an interest rate of 7.6% p.a.
Detailed explanation-4: -You can invest any amount from Rs.250 up to Rs.1.5 lakh per financial year in the SSY account.