BANKING AFFAIRS

Detailed explanation-1: -The minimum deposit amount for an SSY account is Rs.250 (this amount was previously Rs.1, 000), thereafter in multiples of Rs.50, and the maximum is Rs.1, 50, 000 in every financial year, up to 15 years. Deposits can be made through cash, cheque, demand draft or online transfer.

Detailed explanation-2: -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-3: -Deposit Criteria – A Sukanya Samriddhi Yojana in SBI can be opened with an initial deposit starting from as low as Rs. 250 per year and a maximum deposit of Rs. 1.5 lakh is allowed in a year. Deposits can be made through cash and/or cheques.

Detailed explanation-4: -The scheme will mature after the completion of 21 years from the date of opening of the account. According to the scheme rules, a depositor is required to make deposits every year till the completion of 15 years from the date of opening of account.