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Special Deposit Scheme for Girl Child in post offices

Posted on: 31/Jan/2015 3:53:42 PM
Mervin Alexander, postmaster general (Chennai City Region) mentioned a special deposit scheme for girl child -- Sukanya Samriddhi Account- has been launched in Chennai.
 
Under the scheme, an account can be opened in the name of a girl child up to the age of 10 years. The scheme would mature on completion of 21 years from the date of opening of the account, and deposits can be made till completion of 14 years. The account can be transferred anywhere in India if the girl child shifts to a place other than the city or locality where the account stands.     
 
Further, 50 per cent of the deposit could be withdrawn for the purpose of higher education and marriage of the girl child after she attains 18 years of age.
 
Mervin Alexander, postmaster general (Chennai City Region) gave passbooks to 10 girl children.