Deepak Jain

Sukanya Samriddhi Yojana  (currently giving 7.6% interest) Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (Earlier it was Rs 1,000).  ◆In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year. ◆ The account can be opened in any post office or authorized branches of commercial banks. ◆The account will remain operative for 21 years from the date of its opening or till the marriage of the girl after she turns 18. ◆ To meet the requirement of her higher education expenses, partial withdrawal of 50 percent of the balance is allowed after she turns 18. ◆ Deposits in the account can be made till the completion of 15 years, from the date of the opening of the account. ◆ The account matures on the completion of 21 years from the date of opening or whenever the girl child gets married, whichever is earlier ◆ income-tax benefit under section 80 C