By PTI Jul 22, 2018 3:50:11 PM IST (Updated)
The interest rate on Sukanya Samriddhi account is revised every quarter, just like other small savings schemes and PPF.
The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana to Rs 250 from Rs 1,000 earlier, a move that will enable more number of people to take advantage of the girl child savings scheme. The government has amended the Sukanya Samriddhi Account Rules, 2016, to state that the minimum initial deposit to open the account would be Rs 250. The minimum deposit that has to be made in the account annually thereafter too has been lowered to Rs 250 from Rs 1,000.
Union Minister Arun Jaitley in his 2018-19 Budget speech had said that Sukanya Samriddhi Account Scheme, launched in January 2015, has been a "great success".
Till November 2017, more than 1.26 crore accounts have been opened across the country in the name of girl children, securing an amount of Rs 19,183 crore, Jaitley had said.