New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    Sukanya Samriddhi Account Scheme is one of the major

    schemes of Government of India targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child. The Sukanya Samriddhi Accounts can be opened in __________.
    A Post Offices Correct Answer Incorrect Answer
    B branches of authorised banks Correct Answer Incorrect Answer
    C CSCs Correct Answer Incorrect Answer
    D a & b Correct Answer Incorrect Answer
    E a, b & c Correct Answer Incorrect Answer

    Solution

    Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child. Account can be opened in the name of a girl child till she attains the age of 10 years. A girl child is eligible for this account only if she is a resident Indian citizen when the account is opened, and remains so until the maturity or the closure of account. Only one account can be opened in the name of a girl child. Features: •             Account can be opened in Post office and branches of authorised banks. •             Account can be opened with a minimum of Rs. 250 and thereafter any amount in multiple of Rs. 100 can be deposited. A minimum of Rs. 250 must be deposited in a financial year. •             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 expenses upto 50 % of the balance at the credit of preceding financial year. •             The account can be transferred anywhere in India from one post office/bank to another. •             The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier.

    Practice Next

    Relevant for Exams: