Sukanya Samriddhi Yojna

Sukanya Samriddhi Yojna is an initiative of the PM Sh. Narendra Modi under the flagship of government of india to protect and promote the girl childs in india. It ensure the life, career and marriage expenses of girls in India. The tag line of this initiative is "Beti Bachao Beti Padhao".  Sukanya Samriddhi Yojna is well accepted by the people of India towards the independence of girls. the scheme allows people to invest from a nominal amount of Rs. 1000/- to a amximum of Rs. 1,50,000/- per year.

Facilities under Sukanya Samriddhi Yojna - 

a. The rate of interest is 8.6% per annum.

b. Once the girl child attain the age of 18 years, partial withdrawl (upto 50%) is allowed for her higher education or marriage.

c. The entry age to open SSY A/C is 10years or less.

d. Minimum amout allowed to deposit is Rs. 1,000/- and Maximum amount is Rs. 1,50,000/- per year

e. SSY A/C can be opened in any Authorized Bank or Post Office.

f. SSY A/C can be transfered from one Bank/Post Office to another if desired.

g. only one SSY A/C is allowed for one girl child. 

h. SSY A/C can be closed once the girl child attain the age of 21 years if she wishes to continue the A/C she can do so and she will paid the interest specified.

i. Investment under SSY A/C in permissible under Sec 80C of Income Tax Act

How to open Sukanya Samriddhi A/C - SSY A/C can be opened in any authorised Bank or any Post Office by submitting the A/C opening form properly signed and with supporting documents.

Documents required to open SSY A/C - 

a. Sukanya Samriddhi Yojna A/C Form

b. Birth Certificate of Girl Child

c. ID Proof of Parent/Guardian (PAN, Driving License, Passport Ration Card etc.)

D. Address Proof of Parent/Guardian (PAN, Driving License, Passport Ration Card etc.)

 Terms & Conditions - 

a. Age at the time of a/C is must me 10 years or less

b. Deposit can be made in the multiple of Rs. 100/- but minimum Rs. 1,000/- per year which allows upto Rs. 1,50,000/- per year.

c. In case the A/C is not credited with the minimum amount a penalty of rs. 50/- will be levied.

List of Authorised Banks to open Sukanya Samriddhi Yojna A/C - 

Allahabad Bank   Andhra Bank   Axis Bank   Bank of Baroda  Bank of India  Bank of Maharashtra

Canara Bank    Central Bank of India  Corporation Bank    Dena Bank    ICICI Bank    IDBI Bank

Indian Bank    Indian Overseas Bank    Oriental Bank of Commerce    Punjab National Bank

Punjab & Sind Bank    Syndicate Bank    UCO Bank     Union Bank of India   United Bank of India

Vijaya Bank    State Bank of India   State Bank of Patiala    State Bank of Bikaner & Jaipur

State Bank of Travancore      State Bank of Hyderabad      State Bank of Mysore

Download the Form of  Sukanya Samriddhi Yojna A/C