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Nov 28

The account can be opened by downloading the common SSA account opening form released by the Reserve Bank of India or collecting the account opening form available in banks or post offices. You first need to visit the post office holding your account with your updated passbook and KYC documents. 250 and maximum deposit of Rs. You can also set it up online with the help of your NetBanking facility. If you have a daughter who is aged less than 10 years, it is best to sign up for a Sukanya Samruddhi Yojana Account. Apart from the PPF, the Sukanya Samriddhi Yojana is the only saving scheme under section 80C that enjoys the triple E tax exemption status. Step - 1: Apply and collect the login credentials of the SSY account from the respective bank. Leaving so soon? The. This Passbook is a record of your deposit transactions and your details. The withdrawal can be used for the girl’s higher education, marriage, etc.. No, individuals cannot use an SSY account to avail a loan. The account has a lock-in period of 8 years, excluding the entry age which is 10 years. The SSY account matures after 21 years from the date the account was opened. The procedure is pretty simple. With the idea of helping the girl child, Sukanya Samriddhi was launched by the Indian Government which has a current interest rate of 7.6% (effective from April 2020). The duration of a Sukanya Samriddhi Account is 21 years. However, the policyholder must be at least 18 years old at the time of marriage. {{NavBarAdvancedController.userName.split(' ')[0]}}, RTGS (Real Time large payment on all working days), Remittance (International Money Transfers ), 3 in 1 Account (Demat + Savings + Trading), Inflation indexed National Savings Securities-Cumulative(IINSS-C), Recommended Portfolio Equity and Debt Mutual Funds, How to check your Sukanya Samriddhi Account balance, Use Of Unparliamentary Language By Customers. Also, maturity benefits offered by the account is non-taxable. The filled application form should be followed by your KYC documents, proof of birth of your girl child, photo ID (both you and your child) and 2 photographs of your girl child. On 23 July 2018, the criteria for minimum annual deposit for the Sukanya Samriddhi Yojana account has been revised to Rs.250 from the earlier amount of Rs.1,000. The modes of deposit are either demand draft, cheque, or cash. Please re-enter your phone number. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). 1.5 lakh. Authorised banks and post offices offer SSY Accounts. Step - 2: These login credentials can be used to log in to the internet banking portal of the bank. 1. He will also brief you on the necessary documents required for the transfer. You can check your SSY account balance from time to time using the account passbook that is available both online and offline, and has a record of your transaction details. This Page is BLOCKED as it is using Iframes. According to the scheme rules, it is mandatory to make a deposit every financial year until 15 years from opening the Account, failing which your account will fall into ‘Account under default’. The steps mentioned below have to be followed to know the SSY account balance: For more information, Check out related articles Sukanya Samriddhi Yojana Calculator, Sukanya Samriddhi Yojana Age Limit, Sukanya Samriddhi Yojana Post Office & SBI Sukanya Samriddhi Account. Offline Method: As mentioned earlier, more than 25 banks offer the facility to open Sukanya Samriddhi Yojana account. Step - 3: After logging in to the account, you can go to the homepage and check the balance there. Thus, you will be able to enjoy this facility only if the bank offers the facility. The bank will then activate your account in due time. Online method: With the advent of digitalisation, the SSY balance can now be checked online as well through the account statements. The account can be opened by a natural or legal guardian on behalf of a girl child, under the age of 10 years. You can check your SSY account balance from time to time using the account passbook that is available both online and offline, and has a record of your transaction details. Opening a Sukanya Samriddhi Yojna Account, is easy. When an individual opens an SSY account with one of these banks, they are provided with a passbook for the same. A fine of Rs.50 will be charged if the minimum amount is not deposited for the financial year. You can check your SSY account balance from time to time using the account passbook that is available both online and offline, and has a record of your transaction details. Those holding Sukanya Samriddhi Account can transfer their accounts anywhere in India if they are re-locating, or feel they want to transfer SSY account from a post office to a bank or from one bank to another. Introduced in 2015 by Prime Minister Narendra Modi, the Sukanya Samriddhi Yojana is a savings scheme that is focused on the welfare of girl children in the country. The amount received as maturity benefits form Sukanya Samriddhi account is free from income tax. Please click OK to continue to the link or CANCEL to return to the previous page. The withdrawals should be made for the benefit of the girl child only and withdrawals can be up to 50% of the total accumulated contribution. If the minimum amount of Rs 1000/- is not deposited in any financial year , a penalty of Rs 50/- will …

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