New Delhi, Aug. 30 -- Are you a young parent aiming to make meaningful investments for your daughter? Have you consulted a certified financial advisor about this yet? Parents looking to save for their daughter's future often consider the Sukanya Samriddhi Yojana (SSY).

This is a government-backed small-savings scheme developed specifically for girl children. Still, there are significant age restrictions and rules governing this scheme, and parents should be clear on them before applying.

One such rule is the age rule. The natural question that arises in this regard is: what is the actual age rule of the scheme? Is it 10 years? If yes, can I apply for the scheme even though my daughter has already turned 10?

The answer to these question...