Selva Magal Scheme -( Tamil ) 1.0
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ABOUT Selva Magal Scheme -( Tamil )
Selva Magal Scheme Account meaning Girl Child Prosperity Account is a special deposit account under the Selva Magal Thittam (meaning girl child prosperity scheme) launched by Prime Minister of India on 22 January 2015 aiming the welfare of girl child in India. In Hindi Says, "Sukanya Samriddhi Yojana" or "Sukanya Samridhi Yojana". 1.Depositor- For this scheme Depositor is an individual who on behalf of a minor girlchild of whom he or she is the guardian and deposits amount in account opened under this scheme. 2.Guardian: under this Scheme – In relation to a minor girl Child Guardian means (i) either father or mother (ii) where neither parent is alive or is incapable of acting, a person entitled under the law for the time being in force to have the care of the property of the minor. 1 for 1: One Girl One Account means Depositor cannot open multiple or more than one account in the name of a Girl Child. Maximum: Natural or legal guardian of a girl child allowed to open one account each for two girl children For third Girl: Under this scheme natural or legal guardian of the girl child shall be allowed to open third account in the event of birth of twin girls as second birth or if the first birth itself results into three girl children, on production of a certificate to this effect from the competent medical authorities where the birth of such twin or triple girl children takes place. Age limitation: The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules shall also be eligible for opening of account under these rules. Scheme has been commenced from 02.12.2014. Grace Period :