CS Professional · Banking and Insurance - Laws and Practice · Various Government Schemes
Anita opens a Sukanya Samriddhi Account in Chennai for her daughter, aged 6. Which statement is correct about the account?
A Sukanya Samriddhi Account can be opened for a girl child up to 10 years of age by her natural or legal guardian. Anita's daughter, aged 6, qualifies. The scheme is girl-specific and has minimum and maximum annual deposit limits.
- AIt can be opened for a girl child up to 10 years of age, by a natural or legal guardianCorrect
- BIt can be opened for any child, boy or girl, up to age 18
- CIt can be opened only by the girl herself after age 18
- DIt has no minimum annual deposit and no maximum deposit limit
Explanation
A Sukanya Samriddhi Account can be opened in the name of a girl child below 10 years by her natural or legal guardian. It is not for boys, and deposits have both a minimum and a maximum annual limit.
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