If you want to save money for your daughter's education and future expenses, the Sukanya Samriddhi Yojana is an option for parents. However, this scheme allows accounts to be opened in the names of up to two girls per family.

So, what if there are three girls in the family?

So, can an account be opened in the name of a third girl? Many people ask this question. The answer is yes. An account can be opened for a third girl, following certain rules.

Sukanya Samriddhi Yojana is a savings scheme for girls run by the central  government . As a general rule, a maximum of two girl accounts can be opened under this scheme in a family.

Before a girl turns ten, her parents or legal guardian can open an account in her name. However, only one account is allowed in the name of a girl under this scheme.

How to open an account for a third girl?

This scheme has a special rule for the birth of twins or triplets. Under certain circumstances, an account can be opened in the name of more than two girls.

If the first pregnancy results in triplets, the rules allow opening an account for all three girls. If the first pregnancy results in one girl and the second pregnancy in twin girls, accounts can be opened for all three girls if the necessary conditions are met. However, if the first pregnancy results in twin girls and the second in one girl, this exemption does not allow opening an account for the third girl.

What documents are required?

If special exemptions are required due to the birth of twins or triplets, a birth certificate and necessary affidavits or medical evidence may be required, as per the scheme rules. Details should be inquired from the relevant authority.

How much money can be deposited in this scheme?

This account can be opened with just ₹250. A maximum deposit of ₹1.5 lakh can be made. The account term ends when the girl turns 21, and by then, she could earn ₹17-18 lakh at the current interest rate of 8.2%.

PC: TV9