News From Press Sukanya Samriddhi account: In new rule, minimum deposit amount slashed

Sukanya Samriddhi account: In new rule, minimum deposit amount slashed

Source: Livemint Jul 24, 2018

The minimum yearly deposit required under the popular girl child savings scheme, Sukanya Samriddhi Yojana, has been lowered so that more people can benefit from this scheme. The government has lowered the minimum annual deposit requirement for Sukanya Samriddhi Yojana accounts to Rs 250 from Rs 1,000 earlier, according to PTI. The government has amended the Sukanya Samriddhi Account Rules, 2016, stating that the minimum initial deposit to open the Sukanya Samriddhi account would also be Rs 250, the report added.

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