Sukanya Samriddhi Scheme

This is a government-run scheme for the girl child. This scheme requires a minimum investment of Rs 250 per year, as stated by the government recently. Earlier, the minimum investment was Rs 1,000 per year. A total of Rs. 1,50,000 is the investment limit in a financial year. Subsequent deposits should be made in multiple of Rs. 100. Deposits can be made in lump-sum amount. There is no limit on the number of deposits either in a month or in a financial year.

The account can be opened up to age of 10 years only from the date of birth. A legal guardian/natural guardian can open the account in the name of girl child.

A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different girl children.

Sukanya Samriddhi Schemes offer an interest rate of 8.1 per cent per annum. The investment is calculated and compounded on an annual basis.