GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the minimum amount to be invested under Sukanya Samriddhi Scheme?

A	Rs. 500
B	Rs. 1000
C	Rs. 1500
D	No ceiling

Explanation:

Detailed explanation-1: -Affordable Payments: The minimum deposit required to maintain an SSY account is Rs.250 per fiscal year. You can make deposits as per your convenience up to Rs.1.5 lakh per fiscal year.

Detailed explanation-2: -The scheme revolves around the objective of welfare of women and the girl child in India. With a minimum contribution of Rs. 250, applicants of the scheme can get higher returns of 7.6% and tax benefits of maximum Rs. 1.5 lakh under section 80C of the Income Tax Act (1961).

Detailed explanation-3: -Only one account is allowed for a girl child. A family can open only 2 SSY scheme account.

Detailed explanation-4: -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.

There is 1 question to complete.