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Govt slashes minimum deposit for Sukanya Samriddhi account to Rs 250

Sunday, July 22, 2018, 9:12 PM

The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana to Rs.250 from Rs.1,000 earlier, a move that will enable more number of people to take advantage of the girl child savings scheme. The government has amended the Sukanya Samriddhi Account Rules, 2016, to state that the minimum initial deposit to open the account would be Rs.250.