Hi, I think it's the same as Sukanya Samriddhi Yojana (another name as used in TN). A small savings scheme to encourage people to save and invest their surplus money to earn adequate returns. Sukanya Samridhii Yojana: Few points to Know The parents can open Selvamagal Semippu Thittam account in the name of girl child upto age of 10 years. The maximum amount that can be deposited in this account is Rs.1.5 lakhs only. The interest rate is 8.5% and that is revised from time to time. The initial deposit amount has also been reduced from Rs.1000 to Rs.250 only. A tax deduction u/s 80 C is also available. What do you think about this savings scheme? Any feedback on it.