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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