Skip to main content

Sukanya Samriddhi Account

Prime Minister Narendra Modi in January this year launched a small deposit scheme for the girl child, as part of the 'Beti Bachao Beti Padhao' campaign. This scheme is specially designed for girls' higher education or marriage needs.


(a) SSA is a small savings scheme under which an account can be opened for the girl child at any            time from her birth till the age of 10 in post offices or authorised branches of banks.
(b) The minimum deposit is 1,000 and maximumis 1,50,000 in a financial year. The deposit has to be       made till the end of 14 years from the year of opening of an account.
(c) The account can be closed after the girlturns 21 years or after completion of 18 years provided             that she is married.
(d) The rate of interest will be notified yearly by the government, which will be compounded.For             2014-15, the deposit will fetch an interestof 9.1% per annum.
(e) The amount deposited towards SukanyaSamriddhi Account is deductible underSection 80C upto        1.5 lakh.


Opening of account:  Only one account is allowed per girl child. Parents can open this account for a maximum of two children. In case of twins or triplets, this facility will be extended to the third child.

Age: The maximum age limit of the girl child for opening this account is 10 years.

Interest rate: For 2014-15, the government would be paying 9.1 per cent interest.

Transferability: The account may be transferred anywhere in India if the girl child in whose name the account stands shifts to a place other than the city or locality where the account stands.

Deposits: The account may be opened with an initial deposit of Rs 1,000 and thereafter any amount in multiple of Rs 100 can be deposited.The minimum deposit  is Rs 1,000 and maximum Rs 1.5 lakh.

Penalty: An account where minimum amount has not been deposited in a particular year will attract a fine of Rs 50 per year.

Withdrawal: After the girl child attains the age of 18 years, 50 per cent of the money can be withdrawn for the higher studies.

Popular posts from this blog

Spotting Error Quiz IV - With Explanation For SSC Exam 2015

  Hello Readers, As you know that Spotting Error types question is an important part of competitive examinations and seldom any book provide you the detailed solution. So we have decided to provide you the previous year questions of  spotting error along with the Explanation . If you like it let us know, you can also ask for detailed solutions of questions that are bothering you. 1.     I found (a)/ the two first chapters of the book (b)/ particularly interesting. (c)/ No error (d) Answer    (b) Explanation : It should be   ‘the first two chapters’ . 2.     Bacon, the father of the English easy (a) / had a thirst (b) / of knowledge (c) / No error (d) Answer    (a) Explanation : The English means the citizen of England.   Article is not used before language

English Error Spotting - Previous Year Questions of SSC CGL

Competition Zenith brings you a post on Error Spotting to boost your English for competitive exams. We are providing you the specifically chosen questions from previous year papers of SSC CGL with the best possible explanation in simplest of the language. Below are some questions with explanation: Questions 1. Have trust on(a)/God and everything(b) /will be right.(c) /(d) No error 2. The cattles (a) /are grazing (b) /in the fields.(c) /(d) No error 3. He is one of (a)/ the best novelists (b) /that has ever lived. Do you agree? (c)/no error (d) 4. On a rainy day (a) /I enjoy to watch TV (b) / with a hot cup of tea.(c ) /no error(d) 5. No sooner did (a)/I reach (b)/ Patna railway station than the train departed(c)/no error (d) 6. There is no agreement (a) / between you and I (b) /so we are free to go our way(c) /no error (d) 7. A variety of books (a) / is available in the market (b) / to help the students qualify the competitive examinations.(c) /no error 8.

Easy way to understand Direct and Indirect speech rules

Introduction. There two ways to convey a message of a person, or the words spoken by a person to other person. 1.       Direct speech 2.       Indirect speech Suppose your friend whose name is Vipul tells you in College , “I will give you a pen”. You come to home and you want to tell your brother what your friend told you. There are two ways to tell him. Direct speech:   Vipul said, “I will give you a pen”. Indirect Speech:  Vipul said that he would give me a pen. In direct speech   the original words of person are narrated (no change is made) and are enclosed in quotation mark. While in indirect speech some changes are made in original words of the person because these words have been spoken in past so the tense will change accordingly and pronoun may also be changed accordingly. In indirect speech  the statement of the person is not enclosed in quotation marks, the word “ that ” may be used before the statement to show that it is indirect sp