CS Professional · Banking and Insurance - Laws and Practice · Various Government Schemes
Kavita opens a Sukanya Samriddhi account for her daughter aged 4. Which statement about the account is correct?
A Sukanya Samriddhi account can be opened for a girl child below 10 years by her natural or legal guardian, and only one account is permitted per girl. It is not available for boys or for girls above 10 years.
- AIt can be opened for a girl child below 10 years, by a natural or legal guardianCorrect
- BIt can be opened for any child below 18 years, boy or girl
- CIt can be opened only after the girl turns 10
- DIt allows several accounts for the same girl by different relatives
Explanation
A Sukanya Samriddhi account can be opened in the name of a girl child below 10 years by her natural or legal guardian, and only one account is allowed per girl child (with limited exceptions). It is not open to boys. Hence the first option is correct.
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