Sukanya Samriddhi Yojana Quiz

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Topic: Sukanya Samriddhi Yojana

Number of Questions: 10

1. What is the minimum deposit per year in Sukany Samriddhi Yojana?
   A) Rs 100
   B) Rs 250
   C) Rs 1000
   D) Rs 500
   
   View answer

     Option B
   Explanation: Minimum deposit per year is Rs 250. Earlier it was Rs 1000. After that deposits in multiple of Rs 100 can be made.
2. What is the maximum deposit per year in Sukanya Samriddhi Yojana?
   A) Rs 50,000
   B) Rs 1,50,000
   C) Rs 10,000
   D) Rs 1 crore
   
   View answer

     Option B
   Explanation: Maximum Deposit per Year: Rs.1,50,000 /-
3. A girl child have have how many Sukana Samriddhi account on her name?
   A) One
   B) Two
   C) Three
   D) No such limit
   
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   Option A
   Explanation: Only one account per girl child. ;Accounts can be opened for a Maximum of two girl children in one family.
   In case, the guardian has triplet daughters from first birth or twin daughters from the second birth, maximum of 3 accounts can be opened by the parent, where one account is opened in the name of a single girl child.
4. Sukanya Samriddhi Account can be opened for a girl till the age of __ .
   A) 5 years
   B) 8 years
   C) 10 years
   D) 15 years
   
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   Option C
   Explanation: Any time between birth of girl child till she attains the age of 10 years
5. Till which year regular yearly deposit is required in Sukanya Samriddhi Account?
   A) 10 years from the date of opening
   B) 14 years from the date of opening
   C) 15 years from the date of opening
   D) When girl attains age of 14 years
   
   View answer

   Option C
   Explanation: Regular deposit is to be made for initial 15 years from the date of opening of account.
6. When is the maturity year for Sukanya Samriddhi Account?
   A) When girl attains age of 21 years
   B) 21 years from date of opening of account
   C) After marriage of girl
   D) A or C whichever is earlier
   
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   Option B
   Explanation: Maturity of deposit: After 21 years from date of opening of account. (No interest will be earned after this.)
7. What interest rate does the deposit under Sukanya Samriddhi Account earns after maturity?
   A) Same as the prevailing SSA interest rate
   B) Post Office Savings interest rate
   C) Repo Rate
   D) No interest is earned after maturity
   
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   Option D
   Explanation:
8. Premature withdrawal is allowed in Sukanya Samriddhi Account after the girl attains the age of __ .
   A) 10 years
   B) 15 years
   C) 18 years
   D) 21 years
   
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   Option C
   Explanation: 50% of the balance lying in the account as at the end of previous financial year for the purpose of higher education, marriage after attaining the age of 18 years.
9. Investments made in the SSY scheme are eligible for deduction under Section 80C subject to a maximum cap of _________
   A) Rs 1.5 lakhs
   B) Rs 50,000
   C) Rs 1 lakh
   D) Rs 75,000
   
   View answer

   Option A
   Explanation: Investments made in the SSY scheme are eligible for deduction under Section 80C subject to a maximum cap of Rs 1.5 lakhs The interest that accrues against this account which gets compounded annually is also exempt from tax
10. Identify the false statement with respect of Sukanya Samriddhi Accounts:
    A) Account shall be mandatorily operated by the girl child after she attains age of 18 years
    B) Accounts for more than two girl children are allowed
    C) Balance in SSA can be transferred anywhere in India and from or to post offices
    D) All are correct
    
    View answer

    Option D
    Explanation: Accounts for more than two girl children are allowed in case of more than two girl children born in the first order of birth or in a scenario of one girl child in first order of birth and twins or more than twins in the second order of birth

Also remember the current interest rate of Sukanya Samriddhi Yojana which changes every quarter. Check here

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