Which one of the following statements about the Sukanya Samridhi Scheme is NOT correct ........

Indian Economic System Economy

Download Solution PDF

Which one of the following statements about the Sukanya Samridhi Scheme is NOT correct ?

This questions was previously asked in

CAPF 2017 Paper-1

Download PDF Appear Online

View All CAPF Previous Year Papers

Only parents of girls up to the age of 10 years can open such accounts in their daughters name

Contributions are eligible for tax benefits under Section 800 of the Income Tax Act

Interest earned thereon is exempted up to Rs. 1500 per annum

A maximum of Rs. 1-50 lakh per annum can be invested in this account

छोटे Courses बड़े Results

Master Economy

Prepare through Micro-courses

Try Now

Explanation:

Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for the girl child launched as a part of the 'Beti Bachao Beti Padhao' campaign. It is currently 8.1 per cent and provides income-tax benefit under section 80 C of the Income Tax Act,1961. Even the returns are tax free in the scheme.

A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (Earlier it was Rs 1,000). In subsequent years, a minimum of Rs 250 an ..

To meet the requirement of her higher education expenses, partial withdrawal of 50 per cent of the balance is allowed after she turns 18.