Sukanya Samriddhi Account – Term Deposit Scheme for Minor Girl Child
Sukanya Samridhi Yojana Scheme Details
 The Government has launched a new deposit scheme – Sukanya Samriddhi only for minor girl child. This is a small savings scheme which can be opened by the natural (biological) or legal 
guardian of the girl child aged below 10 years. However, Government has given a buffer time of 1 year if your child turned 10 within a year before the announcement. This means that if the girl child turned 10 anytime between December 2013 and December 2014, you can open such an account in her name.
Deposit account under this scheme can be opened either in public sector bank or post office.
Features of Sukanya Samriddhi Scheme
Opening of Account
Account under Sukanya Samriddhi can be opened and operated either by the minor girl child who has attained the age of 10 years or by guardian of the girl child. Only one account shall be opened in the name of a girl child under these rules after furnishing birth certificate of the girl child along with other documents relating to identity and residence proof of the depositor.
However, as part of the initial offer one year of grace period is being given. Any girl child bornbetween 2 December 2003 and 1 December 2004 can open account up to till 1 December 2015.
Guardian of the girl child will be allowed to open and operate accounts of maximum of two girl children except in the case where depositor either blessed with three girl children in first birth or twin girls in the second birth.
Deposit Rules
The account can be opened with a minimum of Rs.1,000. Thereafter any amount in the multiples of Rs.100 may be deposited with a minimum amount of Rs.1,000 and maximum amount of Rs.1,50,000 in a financial year.
The deposit shall be made by cash, cheque or demand draft. The minimum deposit of Rs.1,000 is to be made each year else a penalty of Rs.50 shall be levied.