New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    Consider the following statements regarding Sukanya Samriddhi Scheme:

    1.            Under the scheme, parents or legal guardians can open deposits for up to two daughters aged below 10.

    2.            The minimum initial deposit in Sukanya Samriddhi account is Rs 250, with a maximum annual ceiling of Rs 1,50,000.

    3.            Under the scheme, the deposits can be made for 15 years, and the account matures on completion of 18 years from the date of opening.

    Which of the statements given above is/are not correct?

    A 2 and 3 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    The Sukanya Samriddhi investment matures in 21 years. However, deposits are only made till 15 years.

    Practice Next