New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    Which of the following statements accurately describes the eligibility criteria for opening a Sukanya Samridhi Account (SSA)?

    A The account can be opened for a girl child up to the age of 14 years. Correct Answer Incorrect Answer
    B Only one account can be opened for a girl child. Correct Answer Incorrect Answer
    C The account can be opened in the name of a boy child if he is the only child in the family. Correct Answer Incorrect Answer
    D The account can be transferred to another girl child in the family if the original account holder passes away. Correct Answer Incorrect Answer
    E The minimum initial deposit required to open an SSA is ₹1,000. Correct Answer Incorrect Answer

    Solution

    The SSA can be opened for a girl child up to the age of 10 years. Only one account is allowed per girl child. The account cannot be opened for a boy child, even if he is the only child. The account is non-transferable. The minimum initial deposit required is ₹250.

    Practice Next