Sukanya Samriddhi Scheme

Objective: Aims to ensure equitable share to a girl child in resources and savings of a family
  • It is small deposit scheme for girl child launched under “Beti Bachao, Beti Padhao” Scheme
  • The scheme offers higher interest rate than PPF.
  • But it is only for girls below age of 10 years with longer lock in period.
Factual Information:
  • Started in 2015
  • Investment type: small deposit account
  • Where: post office and selected banks
  • Max number of account: 1 account per girl
  • Max number of accounts per family: max. 2 girl child
  • Age: from birth till 10 years of girl child
  • Min. deposit: Rs. 250/ per year (Earlier it was Rs 1000) further multiple of Rs. 100
  • Max. deposit: 1.5 lakh/year
  • Interest rate: 9.1% of financial year 2014-15. It will change every year
  • Partial withdrawal: 50% allowed at the age of 18 years of girl
  • Maturity : 21 years from the date of account open or marriage, whichever is earlier

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