SUKANYA SAMRIDDHI YOJANA

KEY POINTS

• In one family, a maximum of two accounts can be opened for two girl children.
  The account can be transferred anywhere in India from one Post office/Bank to another.
• Age Limit:
  The upper age limit of the girl child for opening this account is 10 years.
  The govt. has given a relaxation of one year in the upper age limit for those opening accounts till December 1, 2015
• Documents required
  1. Birth Certificate of the girl child. 2. Address proof. 3. Identity proof.
• Minimum & Maximum deposit:
  The minimum deposit under the scheme is Rs. 250/-.
  The maximum deposit is Rs. 1.5 lakhs.
  There is no limit on the number of investments one can make in an account either in a month or in a year
• Interest rate:
  The government will announce the interest rate of the scheme every year.
  However, the government of India has increased the rate of interest from 9.1% (2014-15) to 9.2% (2015-16)
• minimum lock-in period
  The minimum lock-in in period under the Sukanya Samriddhi Yojana is 11 years.
  
• Maturity period:
  The maturity period of the scheme is 21 years from the date of account opening
  deposits need to be made only for the first 14 years.

AIM

• It is saving scheme targeted at the parents of girl children.
• The scheme encourages parents to build a fund for the future education and marriage expenses for their female child

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