Sukanya Samriddhi Account

The salient features of the scheme are as follows

 

  • Account can be opened in the name of a girl child till she attains age of 10 years
  • only one account can be opened in the name of a girl child
  • Account can be opened in any branch of the bank.
  • Birth Certificate of the girl child in whose name the accounts is opened must be submitted
  • Account can be opened with a minimum of Rs. 250/- and thereafter any amount is multiple of Rs. 50/- can be deposited. A minimum of Rs. 250/- must be deposited in a financial year.
  • Interest as may be notified by the Government from time to time will be calculated on yearly compounded basis and credited to the account.
  • Maximum Rs. 1,50,000/- can be deposited in a financial year.
  • One withdrawal shall be allowed on attaining the age of 18 years of account holder to meet education/Marriage expenses at the rate of 50% of the balance at the credit of preceding financial year.
  • The account can be transferred anywhere in india from one bank to another.
  • The account shall mature on completion of 21 years from the date of opening of account

 

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