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How is the interest on Sukanya Samriddhi Accounts calculated and compounded?
How is the interest on Sukanya Samriddhi Accounts calculated and compounded?
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The interest on Sukanya Samriddhi Accounts is calculated on a yearly basis and compounded annually. The current interest rate is determined by the government and is subject to change periodically. The interest earned is added to the account balance, contributing to the overall growth.