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Initially, the interest rate was set at 9.1% but later revised to 9.2% in late March 2015 for FY2015-16. [7] [8] The latest interest rate for Sukanya Samriddhi Account revised from January 1, 2024 is 8.2%. [3] The account can be opened anytime between the birth of a girl child and the time she attains 10 years age by the parent/guardian.
It is now usually given free of cost. For some time, the rate of interest on the balance in the savings account in Indian banks was regulated by the Reserve Bank of India. However, the bank can now keep any rate of interest they deem fit. Banks have to follow the RBI's know your customer guidelines to allow an individual to open a savings ...
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along ...
No-penalty CDs usually offer higher interest rates than regular savings accounts. Fixed interest rate. Your interest rate is locked in for the CD’s full term, so your earnings won’t change if ...
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