Personal Finance

Can I open Sukanya samriddhi account online?

By: Caroline AlvesUpdated: January 18, 2021

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You can open a Sukanya Samriddhi Yojana Account in any authorised bank branch or a post office branch. You can also set it up online with the help of your net banking facility. Documents you need to open Sukanya Samriddhi Yojana Account are: SSY Account opening form.

Also, what is the maturity amount of Sukanya samriddhi account?

21 years

Likewise, how does Sukanya samriddhi account works?

The prime aim of the scheme is to encourage parents of a girl child in order to create a fund for the future education and marriage expenses for their child. Under the scheme a small deposit scheme for the girl child. A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10.

What is Sukanya Yojana scheme?

Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child.

Which bank is best for Sukanya samriddhi Yojana?

List of Banks offering Sukanya Samriddhi Savings Account Last Updated : 08 Jun 2020
  • Axis Bank.
  • Andhra Bank.
  • Allahabad Bank.
  • State Bank of India (SBI)
  • Bank of Maharashtra (BOM)
  • Bank of India (BOI)
  • Bank of Baroda (BOB)
  • State Bank of Patiala (SBP)

Related

How can I check my Sukanya samriddhi account balance online?

Online method: With the advent of digitalisation, the SSY balance can now be checked online as well through the account statements. The steps mentioned below have to be followed to know the SSY account balance: Step - 1: Apply and collect the login credentials of the SSY account from the respective bank.

Which is better PPF or Sukanya samriddhi Yojana?

In fact the SSY interest usually remains higher than the rate of interest of PPF. For example, currently the rate of interest on SSY is 8.4 per cent, while that of PPF is 7.9 per cent. On the other hand, most banks offer less than 7 per cent interest rates on long-term FDs.

How do I apply for Ssy online?

How to open a Sukanya Samriddhi Yojana account?
  1. Fill out the SSY Account opening form.
  2. Keep the documents ready along with photographs.
  3. Pay the deposit amount (any amount between Rs. 250 and Rs.
  4. You can give a standing instruction at the branch or you can set up automatic credit to SSY Account through NetBanking.

How can I deposit money in Sukanya samriddhi account?

  1. You may add SSY account to your User ID by logging into your Internet Banking Account > Select Payments & Transfer > Funds Transfer > Click on Add Payee under Any other ICICI Bank account and do fund transfer to SSY account.
  2. Funds can also be transfered from other bank account through NEFT.

Can I link Sukanya samriddhi account in SBI?

Sukanya Samridhi Account (SSA) and Savings Account (SB) both are different product. You can transfer or deposit amount in this account from branch or INB after registering beneficiary but you cannot view its details. You can neither link account nor view details.

What documents are required for Sukanya samriddhi account?

Documents that are required to open a Sukanya Samriddhi Yojana Account: *Sukanya Samriddhi Yojana Account Opening Form. *Birth certificate of the girl child (account beneficiary). *Identity proof of the depositor (parent or legal guardian), i.e., PAN card, ration card, driving licence, passport.

How can I pay my Sukanya samriddhi account online?

Bringing convenience at your doorstep with minimal charges, IPPB now introduces the service of making payments to your Sukanya Samriddhi Accounts. The facility can be availed through all the delivery channels – Counters, Doorstep & Mobile Banking App.

How can I activate my Sukanya samriddhi account?

To revive the Sukanya Samriddhi Yojana account, visit the post office or bank branch that you hold the account with and ask for a revival request form. Apart from submitting the request form, you will have to pay a minimum of Rs 1,000 per year for non-payment and a penalty of Rs 50 for each year of inactivity.

What is Ssy scheme?

Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for the girl child launched as a part of the 'Beti Bachao Beti Padhao' campaign. The account will remain operative for 21 years from the date of its opening or till the marriage of the girl after she turns 18.

What is the procedure to open Sukanya samriddhi account?

Documents that are required to open a Sukanya Samriddhi Yojana Account: *Sukanya Samriddhi Yojana Account Opening Form. *Birth certificate of the girl child (account beneficiary). *Identity proof of the depositor (parent or legal guardian), i.e., PAN card, ration card, driving licence, passport.

Which banks offer Sukanya samriddhi Yojana?

List of Banks Offering Sukanya Samriddhi Yojana
  • Canara bank.
  • Dena Bank.
  • State Bank of India.
  • State Bank of Bikaner & Jaipur.
  • State Bank of Patiala.
  • State Bank of Mysore.
  • State Bank of Travancore.
  • State Bank of Hyderabad.

Is aadhar required for Sukanya samriddhi Yojana?

Identity proof of parents/legal guardian – The parents/legal guardians who intend to open a Sukanya Samriddhi Account for their daughter should present a valid ID proof in order to process the application. This could be any government issued ID card like driving license, passport, Aadhar card, voter ID card, etc.

How many times we can deposit money in Sukanya Yojana?

A Sukanya Samriddhi Account can be opened any time after the birth of a girl child till she turns 10, where you will have to deposit a minimum of Rs 250. In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year.