BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Sukanya Samriddhi Account can be opened up to age of____years only from the date of birth.
A
Five years
B
Four years
C
Six years
D
Ten years
Explanation: 

Detailed explanation-1: -Minimum deposit ₹ 250/-Maximum deposit ₹ 1.5 Lakh in a financial year. Account can be opened in the name of a girl child till she attains the age of 10 years. Only one account can be opened in the name of a girl child. Account can be opened in Post offices and in authorised banks.

Detailed explanation-2: -To be eligible for opening a Sukanya Samriddhi Account, the maximum age of a girl child cannot be more than 10 years. However, a grace period of 1 year is allowed.

Detailed explanation-3: -Eligibility for Sukanya Samriddhi Yojana The Sukanya Samriddhi Yojana account can be opened in the name of a girl child, by her parents or legal guardians, any time before the girl child attains 10 years of age. Only one account per girl child is allowed.

Detailed explanation-4: -Eligibility Criteria for Sukanya Samriddhi Yojana Only a girl-child account can be opened in this scheme. The girl child should be only 10 years or less to open the account.

Detailed explanation-5: -’Account under default’ can be regularised within 15 years of Account opening on payment of a penalty of Rs.50 per default year. The maturity period of SSY is 21 years from the account opening or upon her marriage after attaining 18 years. However, contributions have to be made for only 15 years.

There is 1 question to complete.