Sukanya Samridhi Yojana for UPSC IAS preparation

Sukanya Samridhi Yojana:
-This is a small deposit scheme Sukanya Samridhi Yojana for girl child under the Beti Bachao Beti Padhao
(BBBP) campaign.

-Sukanya Samridhi Yojana will enable parents to open bank accounts of girls who are under 10 years of age with a minimum deposit of 1000.

-Sukanya Samridhi Account will have an interest rate of 9.1 percent and provide income tax rebate.

-A maximum of 1.5 lakh rupees can be deposited during the financial year. - The account can be opened in any post office or authorised branches of commercial banks.

-The account will remain operative for 21 years from the date of opening of the account or marriage of the girl child after attaining 18 years of age.

-To meet the requirement of higher education expenses, partial withdrawal of 50 percent of the balance amount will be allowed after the girl child has attended 18 years of age.