Sukanya Samriddhi Yojana

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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). 
â—†In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year.
â—† The account can be opened in any post office or authorized branches of commercial banks.
â—†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.
â—† To meet the requirement of her higher education expenses, partial withdrawal of 50 percent of the balance is allowed after she turns 18.
â—† Deposits in the account can be made till the completion of 15 years, from the date of the opening of the account.
â—† The account matures on the completion of 21 years from the date of opening or whenever the girl child gets married, whichever is earlier
â—† income-tax benefit under section 80 C

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