Sukanya Samriddhi Account (SSA) scheme

• In a special drive, a total of 10,90,000 Sukanya Samriddhi Accounts were opened at more than 1 lakh post offices across India in just two days, on February 9 and 10.

About the scheme

• The Sukanya Samriddhi Account scheme is a long-term saving scheme for a girl child and aims to encourage parents to build a fund for future education and marriage expenses of their daughters.
• Account is opened in name of a girl child till child attains age of 10 years in post offices and notified branches of commercial banks.
• Minimum deposit of Rs.250 and maximum of Rs. 1,50,000 can be deposited in a financial year.
• The accounts mature after the girl reaches the age of 21 years or at the time of marriage of the girl in whose name the account has been opened.
• Tax benefit is available under section 80C of Income-tax Act.