Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana | Sukanya Samriddhi Account (A Small Savings Scheme)
The Sukanya Samriddhi Yojana is really as girl child prosperity scheme under Beti Bachao Beti padhao program of Primary Minister Narendra Modi. SSY accounts is to ensure a shiny future for lady children in India. This yojana is to facilitate them proper certification and treatment free marriage expenditures. The plan has well been accepted by the people in wake of the financial security and self-reliance it could provide to the lady child as well as their parents and guardians.
This Yojana offers a little deposit investment for the lady children as an initiative under ‘Beti Bachao Beti Padhao’ campaign. Among the key advantages of the plan is that it’s reasonable priced and will be offering one of the best interest rates. Please see this site for current SSY interest and SSY is under the Tax Take action 1961 also, section 80C.
Who would be the Depositor?
Since this is an account dedicated to the girl child, a parent or guardian of the girl child could be depositor of the account.
Any legal guardian or parents of a girl child can open SSY Account under this scheme anytime at the time of birth of the child till she attains an age of ten years. As a matter of exception, any girl who attained an age of ten years within one year prior to announcement of this scheme would also be entitled to get this account opened under her name.
The process of opening a SSY is quite simple and not much documentation is required in normal cases. Here is a list of document a parent or guardian needs to take along when applying for an account under the scheme:
Certificate of Birth of the Girl child
Proof of Address of parents/guardians
Proof of identity of the parents/guardian
So, in all, you need just three basic documents and Account would be opened for your girl child. Please read more for Documents Required
Updated Sukanya Samriddhi Yojana Rules 2017
You can now open SSY for your adopted girl child
You can deposit Money Online.
Girl Child can also deposit amount
Interest Rate would be calculated on 10th Day of every month. Initially it was 5th day of the month
Partial withdrawal for girl child education can be done when she has cleared 10th Class or turned 18 years.
Account will not earn any interest after it has matured
Now can now transfer you SSY accounts. If you would do from post office to post office it would be free. But transfer from Post office to banks or vice versa would cost you rs 100 and you can do this only once in a year.
You can get the duplicate passbook at the cost of rs 50
You can now withdraw 100% amount when after girl child turns 18. Initially it was not allowed.
Till a girl attains an age of 10 years, this account can be opened under her name
Only one account under this scheme is permissible for every girl child
Walk into any post office or authorized banks to open the account
To open an account under SSAY, Birth Certificate of the girl child would be required to submit
The opening amount for the account is Rs 1,000. Thereafter a multiple of Rs 100 can be deposited to the account with a minimum of Rs 1,000 per year
The maximum limit for deposits in the account is Rs 1,50,000 per year
You have to pay in this scheme for 14 years Suppose you have opened this account when the age of your girl child was X years then you have to pay in this scheme till your girl child age is X + 14 Year.
The maturity duration of the account is 21 years from the date of opening the account.
SSY Account is transferable to anywhere in India from a Post office or bank to others
How to invest in the Sukanya Samriddhi Yojana
You can invest in this scheme though your nearby post office or designated branches of participating public and private banks. You will need to submit KYC documents like Passport, Aadhaar Card, etc. along with the required form and initial deposit by cheque/draft. This wide reach is designed to help ensure success of the Beti Bachao, Beti Padhao Yojana.
Sukanya Samriddhi Yojana Application Form
The Sukanya Samriddhi Yojana (SSY) Application Form for new account can be obtained by visiting a nearby post office or participating public/private sector bank. Alternately, you can also download the SSY New Account Application Form from the RBI website.
How to Download SSY Application Form Online
Sukanya Samriddhi Yojana Application form can be downloaded from various sources such as:
The Reserve Bank of India Website
The India Post Website
Individual websites of public sector banks (SBI, PNB, BoB, etc.)
The websites of participating private sector banks (e.g. ICICI Bank, Axis Bank and HDFC Bank)
While there are multiple sources for downloading the SSY application form, the fields in the form will be the same regardless of source.
How to fill SSY Application Form
The SSY Application Form requires applicants to provide some key data regarding the girl child in whose name the investment will be made under the Beti Bachao, Beti Padhao Yojana. Details of the parent/guardian who will be opening the account/making deposits on her behalf are also required. The following are the key fields that are featured in the SSY Application Form:
Name of Girl Child (Primary Account Holder)
Name of Parent/Guardian opening the account (Joint Holder)
Initial deposit amount
Cheque/DD Number and Date (used for initial deposit)
Date of Birth of girl child
Birth Certificate details of primary account holder (Certificate number, date of issue, etc.)
ID Details of Parent/Guardian (Driving License, Aadhaar, etc.)
Present and Permanent Address (as per ID document of parent/guardian)
Details of any other KYC Documents (PAN, Voter ID card, etc.)
Once the above details have been filled out, the form needs to be signed and submitted with the account opening authority (Post office/Bank Branch) along with copies of all applicable documents.
Read all Details in hindi : Click here
NOTE: As this is a Govt. of India scheme, customers are advised to visit www.nsiindia.gov.in for latest instructions/ modification in the scheme.