Current Affairs - Economy - Discussion

The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana (SSY) to Rs 250 from Rs 1,000. The maximum amount that can be deposited in a year is Rs 1.5 lakh. Sukanya Samriddhi scheme was launched in January 2015, under which a parent or legal guardian can open an account in the name of the girl child until she attains the age of ten years. The account opened under the scheme will be valid for 21 years from the date of opening, after which it will mature and the money will be paid to the girl child in whose name the account is opened.