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Age norms comfortable for opening new accounts

The governing administration has introduced some relaxation in the eligibility norms for opening of Sukanya Samriddhi accounts due to the coronavirus lockdown. According to the most recent suggestions from the postal section, Sukanya Samriddhi account may be opened in the name of girl baby on or before 31st July, 2020, who have attained the age of 10 years during the period of lockdown from 25th March, 2020, to 30th June, 2020.

This leisure will enable guardians of woman youngsters who could not open Sukanya Samriddhi accounts owing to the lockdown. Usually, Sukanya Samriddhi accounts can only be opened up to age of 10 years only from the date of beginning.
Sukanya Samriddhi accounts at this time fetch an interest rate of 7.6%, the optimum among the little price savings techniques.
In a economical year, a utmost of ₹1.5 lakh can be deposited in a Sukanya Samriddhi account. Deposits can be built in lump-sum. There is no restriction in the on range of deposits either in a thirty day period or in a financial yr, issue to the total cap of ₹1.5 lakh in a calendar year.
A guardian can open account Sukanya Samriddhi account matter to the age eligibility norm. A guardian can open only one account in the name of a single female little one and utmost two accounts in the name of two various lady little ones.
Deposits in Sukanya Samriddhi account can be manufactured until the completion of a period of time of 15 a long time from the date of opening of the account
Partial withdrawal is allowed following the account holder attains the age of 18 a long time on the event of marriage. The account can be shut right after completion of 21 yrs.
Sukanya Samriddhi account subscribers can make online deposits into the accounts via intra-operable internet banking and IPPB preserving account.

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