Special camp for Selvamagal Semippu Thittam
Posted on: 21/Mar/2015 12:20:40 PM
The Department of Posts is conducting a special camp for opening of accounts under “Sukanya Samriddhi Scheme” on two Sundays - March 22 and 29 at selected post offices in Tamil Nadu.
The Government of India had recently introduced the small savings scheme called “Selvamagal Semippu Thittam,” through India Post for the welfare of girl child.
The department, which already has a facility for savings bank accounts for children, has started this scheme exclusively for girls below 10 years of age. Parents or guardians can deposit up to Rs. 1.5 lakh a year in this scheme, which provides an interest rate of 9.1 per cent.
The scheme allows customers to pay in multiples of Rs. 100, and the deposit amount need not be a constant every month. While the account can be closed only after the account-holder turns 21, the amount can be partially withdrawn for reasons including higher education, when the account-holder is 18 years old.
Considering its popularity and demand, a special camp will function on the two Sundays at Tamil Nadu post offices.
