Question

    By how many basis points was the interest rate

    applicable to the Sukanya Samriddhi scheme increased?
    A 10 basis points Correct Answer Incorrect Answer
    B 12 basis points Correct Answer Incorrect Answer
    C 15 basis points Correct Answer Incorrect Answer
    D 18 basis points Correct Answer Incorrect Answer
    E 20 basis points Correct Answer Incorrect Answer

    Solution

    The interest rate applicable to the Sukanya Samriddhi scheme was increased by 20 basis points to 8.2 per cent, and that to the three-year Time Deposit Scheme—a fixed deposit (FD) scheme with a maturity period of three years—by 10 basis points to 7.1 per cent—both with effect from January 1, 2024.

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