Which one of the following statements about the Sukanya Samridhi Scheme is NOT correct ?

• A. Only parents of girls up to the age of 10 years can open such accounts in their daughters name
• B. Contributions are eligible for tax benefits under Section 80C of the Income Tax Act
• C. Interest earned thereon is exempted up to Rs. 1500 per annum
• D. A maximum of Rs. 1.50 lakh per annum can be invested in this account