Sukanya Samriddhi Yojana (IMPORTANT POINTS)
(1) The account may be opened by the guardian in the name of a beneficiary who has not attained the age of 10 years as on the date of opening of the account.
(2) An account under these rules shall be opened for a maximum of two girl children in one family.
(3) The account may be opened with a minimum initial deposit of Rs. 1,000. In a financial year minimum of one thousand rupees has to be deposited. The total money deposited in an account shall not exceed Rs. 1.50 lakh in a financial year.
(4) Deposits may be made in an account till the completion of a period of 15 years from the date of opening of such account.
(5) Withdrawal from account will be allowed when the account holder attains the age of 18 years or has passed 10th standard, whichever is earlier. Such withdrawal can be upto a maximum of 50% of the balance in the account at the end of the financial year preceding the year of application for withdrawal.
(6) The account shall mature on completion of a period of 21 years from the date of its opening.
(7) Account which will be opened in this F.Y. will earn an interest rate of 8.60%. This rate will remain applicable only for the current F.Y. and will be further revised in March for the next F.Y.
