Under the Sukanya Samriddhi Account Yojana, minimum how much money needs to be deposited in one financial year?

The correct option is ₹250.

Explanation:

Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the Beti Bachao Beti Padhao campaign aimed at securing the financial future of a girl child.

Key features of the scheme:

1. Minimum Deposit: A minimum initial deposit of ₹250 is required to open the account, and at least ₹250 must be deposited in every financial year to keep the account active. (Note: Initially, the minimum deposit limit was ₹1,000, which was later reduced to ₹250 by the Government of India to make it more accessible).

2. Maximum Deposit: A maximum limit of ₹1,50,000 can be deposited in a single financial year.

3. Eligibility: The account can be opened by a parent or legal guardian for a girl child from her birth till she attains the age of 10 years.

4. Tax Benefits: Deposits made under this scheme are eligible for tax deduction under Section 80C of the Income Tax Act, 1961.