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Question

Q21. Consider the following statements about Sukanya Samridhi Yojana
1) It is subpart of Beti Bachao campaign
2) Account will remain operative until she reaches 18 age.
3) For initial account opening, minimum deposit Rs.1000 required
Which of the statements given above is/are correct?

A
a) Only 1 and 2
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B
b) Only 2 and 3
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C
c) Only 1 and 3
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D
d) All of the above
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Solution

The correct option is C c) Only 1 and 3

Sukanya Samridhi Yojan
1. This small-deposit scheme is subpart of Beti Bachao campaign.
2. (Minor) bank account for girl child below the age of 10.
3. She can withdraw 50% of the money after reaching age of 18 e.g. for higher education. 18 years deadline will also help preventing child-marriages. (Although scheme is silent- on whether account money will be forfeited if child marriage done.
4. For initial account opening, minimum deposit Rs.1000 required
5. Later, any amount in multiple of 100 can be deposited, but maximum Rs. 1.5 lakh per year.
6.
Account can be opened via post office or commercial banks, Account will remain operative until she reaches 21 age.


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