ANSWER: Both
Explanation:
- Sukanya Samridhi Account will fetch an interest rate of 9.1 percent and provide income tax rebate.
- Sukanya Samridhi Account can be opened at any time from the birth of a girl child till she attains the age of 10 years with a minimum deposit of 1000 rupees.
- A maximum of 1.5 lakh rupees can be deposited during the financial year. The account can be opened in any post office or authorised branches of commercial banks.
- The account will remain operative for 21 years from the date of opening of the account or marriage of the girl child after attaining 18 years of age.
- To meet the requirement of higher education expenses, partial withdrawal of 50 percent of the balance amount will be allowed after the girl child has attended 18 years of age.
