📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Under which scheme, a saving account can be opened in

    the name of girl child and deposits can be made for 14 years and the girl is allowed to withdraw 50% of the amount deposited for marriage or higher study purposes after reaching 18 years of age
    A Saksham Correct Answer Incorrect Answer
    B PMSSY Correct Answer Incorrect Answer
    C Dhan Laxmi Correct Answer Incorrect Answer
    D JSY Correct Answer Incorrect Answer
    E PMKVY Correct Answer Incorrect Answer

    Solution

    Pradhan Mantri Sukanya Samriddhi Yojana is an ambitious small deposit savings scheme for a girl child. Under the scheme, a saving account can be opened in the name of girl child and deposits can be made for 14 years. After the girl reach 18 years of age, she can withdraw 50% of the amount for marriage or higher study purposes. After the girl completes 21 years of age, the maturity amount can be withdrawn including the interest at rates decided by Government every year.

    Practice Next
    More Economy and Banking and Finance Static Concepts Questions

    Relevant for Exams:

    ask-question