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About: Sukanya Samriddhi Account     Goto   Sponge   NotDistinct   Permalink

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Sukanya Samriddhi Account (Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child. The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign. The scheme currently provides an interest rate of 7.6% (for Apr-July 2021 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorised commercial banks.