Under the SukanyaSamriddhi Account Yojana, minimum how much money needs to be deposited in one financial year?

Correct option is A

The correct answer is (a) ₹250 .
As per the guidelines of the scheme, the minimum amount that must be deposited in the account every financial year is ₹250.
The SukanyaSamriddhi Account Yojana (SSY) is a savings scheme launched by the Government of India as part of the BetiBachaoBetiPadhao campaign. It aims to encourage savings for the education and marriage of girl children.
· The maximum deposit allowed per financial year is ₹1.5 lakh.
· The account can be opened any time after the birth of a girl child until she reaches 10 years of age.
· The account matures after 21 years from the date of opening or upon the marriage of the girl after attaining 18 years of age.
· The interest rate is revised quarterly by the government and is usually higher than that of most other savings schemes, making it an attractive option for long-term savings. As of recent updates, the interest rate has been around 7.6% per annum, compounded yearly.
· Only one account per girl child can be opened. However, in the case of twin or triplet girls, an exception is made to open multiple accounts.
· If the minimum deposit of ₹250 is not made in a financial year, a penalty of ₹50 is levied for each year the account is in default. The account can be revived by paying this penalty along with the minimum deposit.
· Partial withdrawals (up to 50% of the balance) are allowed when the girl reaches 18 years of age for higher education or marriage.
· The full amount can be withdrawn at the time of marriage, or after 21 years.