26 Important "Sukanya Samriddhi Yojana” Questions and its Answers

Transferring of SSY Account The Account may be transferred anywhere in India and from or to post offices and from or to Banks and between post office and Bank, free of cost on furnishing of proof of shifting…

To change the name of the girl child under the SSY, the girl or the guardian (in case of the account holder is less than 10 years) should visit the post office or the bank from where the account has been…

A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (Earlier it was Rs 1,000). In subsequent years, a minimum of Rs 250 and…

As notified by the Government of India, the interest is compounded annually. An example is given below.

The scheme currently provides an interest rate of 8.5 and tax benefits. As notified by the Government of India, the interest is compounded annually. This is 100% tax free account. The deposited or withdrawal…

These are the benefits of Sukanya Samriddhi Yojana account This account is 100% tax free. We will get exemptions for the deposited amount in this account under section 80c of Income Tax Act. High interest…

An NRI is not eligible to invest under any small saving scheme as per RBI guidelines. Sukanya Samriddhi Yojana is a small saving scheme, so NRIs can’t open this account. It is a saving…

Currently, bank branches or post offices are not allowed for opening Sukanya Samriddhi Yojana Account online. But once the account is opened, you can set the standing instructions online.

The Account can be transferred anywhere in India from or to post offices and from or to Banks and between post office and Bank. They should submit proof of shifting of residence of either the guardian…

Account can be closed in the following cases. The account will be closed immediately in case of unfortunate death of the girl child. Then guardian must produce the death certificate as proof. The amount…

The first withdrawal possible from Sukanya Samriddhi Yojana Account is when the girl child reaches the age of 18 years for higher education purposes. At that time, 50% of the amount deposited till date…

The account will be matured in two cases After 21 years of opening the account On the marriage date of the girl child In case of marriage, the account holder should makes a request for such premature…

In case someone fails to deposit the minimum amount (Rs 250) in a year then a penalty of Rs 50 will be applied. The deposit to this account is done in every month. The minimum deposited amount will be…

A minimum of Rs 250 must be deposited in the account initially. Thereafter, any amount in multiples of Rs 100 can be deposited. The maximum deposit limit is Rs 150,000.

A maximum of 2 accounts can be opened per family. But there is an exemption in case of twins or triplets if the first birth results into 3 girl children or twin girls in 2ndbirth then max 3 accounts can…

Only one Sukanya Samriddhi Yojana account can be opened for a girl child by the guardian. A father and mother can’t open 2 accounts as depositor. It’s a one girl one account rule.

Following are the criteria for opening a Sukanya Samriddhi Yojana account The account can be opened for a girl between 0 - 10 years of age by parents. In case parents are died, legal guardian can open…

A Sukanya Samriddhi Yojana (SSY) account can be opened in any authorized post office branch or authorized branches of commercial banks. Generally, all banks that provide the Public Provident Fund (PPF)…

Follow the below steps to apply for Sukanya Samriddhi Yojana scheme Go to nearest bank or post office and get the application form Fill the application form Submit the application form along with…

Following documents 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…

Sukanya Samriddhi Yojana is a saving scheme by the Government of India targeted at the parents of girl children.  Sukanya Samriddhi Yojana scheme helps parents to save money for the future education…