The Ministry of Finance (MoF) on April 28, 2023, published the Sukanya Samriddhi Account (Amendment) Scheme, 2023 to further amend the Sukanya Samriddhi Account Scheme, 2019
This scheme shall be deemed to have come into force on April 01, 2023
The following has been stated namely: -
• The Para 5 which states “Interest on deposit” the following changes shall be made namely: -
(a) in subparagraph (1A), for the words and figures, “on or after the 1st day of April 2020”, words, figures, and brackets “between 1st April 2020 to 31st March 2023 (both days inclusive)” shall be substituted.
(b) after sub-paragraph (1A), the following sub-paragraph shall be inserted, namely: -
“(1B) The deposits made in the account on or after the 1st day of April 2023 and the balances at the credit of the account shall earn interest at the rate of 8.0 per cent. per annum.”.
• The Sukanya Samriddhi Account (Amendment) Scheme, 2023 takes effect from the date as specified in the notification. However, no one shall be adversely affected as a result of the retrospective effect being given to this amendment Scheme
[Notification No. G.S.R.329(E)]
