Is Sukanya Samriddhi scheme good?

Yrs, these benefits of Sukanya Samriddhi Yojana Account

Higher Interest rate- 7.6%
Interest will be compounded yearly
Account is transferable anywhere in India
Tax Benefits are applicable under section 80C.
Payment on maturity to Girl child.
Flexibility in making number of deposits in multiples of 100 up to a maximum limit of Rs.1,50,000 per year.