Sukanya Samridhi Account: Special deposit scheme for girl child
Source: Hueiyen News Service
Imphal, February 08 2015:
Postal Life Insurance Mela was organized by Manipur Postal Division, Imphal at Modern College Multipur-pose Hall on Sunday.
The mela was opened with P Bimola, Adhyaksha, Imphal East Zila Parishad; T Mangminthang, Director Postal Services Manipur and K Biren, Principal Modern College grace the function as presidium members.
P Bimola in her speech said Manipur society is not accustom to saving and is a bad habit.
In the present age, people should have life insurance in order to lead a meaningful life and postal life insurance is one added Bimola.
Sukanya Samridhi Account, T Mangminthang pointed out, can be open for daughter and is specific for a single girl child, parents having more than one daughter can open different account in their name.
The account is part of the postal life insurance added director.
In may be recalled that Sukanya Samridhi Account is a special deposit scheme for girl child.
Under the scheme, guardian is the depositor and the account can be open with an initial amount of rupees one hundred and subsequent deposits have to be in multiples of hundred, for a total value of rupees one lakh fifty thousand (1, 50,000) .
The account can be opened in the name of the girl child upto the age of ten and the account will mature when the child reached 21 years.
Guardians can deposit till the age of 14 years.
The investment will have 9.1 per cent interest and if the girl child desired she can become the operator of the account when she attains the age of 14 .
If desired, 50% of the investment can be withdrawn when she reaches the age of 18 and interest will be paid to the remaining amount based on interest rate applicable at that time.