SB Order 02/2015: Introduction of new scheme "Sukanya Samriddhi Account" under Small Savings Scheme from 22.01.2015.
Sukanya Samruddhi Account
Under the scheme, the
account can be opened from the birth of the girl child till she attains
the age of 10. A girl child who attained the age of 10 years, one year
prior to notification, will also be eligible. The account can be opened
by an amount of Rs 1,000 and in a financial year investment ceiling is
Rs 1.5 lakh. The child can close the account earliest at the age of 21
years with option of keeping the account till marriage.
For
the current financial year, this would work out to 9.1%. For the sake
of simplicity, the manner of interest calculation would be similar to
public provident fund (PPF).
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