How to open Sukanya Samriddhi Account at post offices and banks?
In Jan-2015, Govt of India has announced Sukanya Samriddhi Account / Yojana, however, yet to provide relevant application forms till now. In recent budget speech, Finance Minister indicated that the returns from Sukanya Samriddhi Yojana is tax free. Obviously, parents are rushing to open account of Sukanya Samriddhi Yojana to post office and banks. In this article, I would provide details about how to open Sukanya Samriddhi Account / Yojana at post offices and banks. I would also provide relevant application form to open Sukanya Samriddhi Account. I have added a Sukanya Samriddhi Account in Hindi (translated through google transalation) at the end.
Also Read: Complete guide on Sukanya Samriddhi Yojana Account which provide tax free returns for a girl child
How to open Sukanya Samriddhi Account / Yojana account in post offices and banks?
While Govt. of India has announced more than 45 days back, application forms to open Sukanya Samriddhi Yojna account is still not available at post offices and banks. Recently post office has updated their website with Sukanya Samriddhi details, however, still the application form is not yet available. However govt. of India under its circular has provided relevant guidelines and application form. This was uploaded on post office website.
Download the relevant circular of Sukanya Samriddhi Account / Yojna application form here
How to open Sukanya Samriddhi Account / Yojana account in post offices and banks?
Currently only post offices are accepting to open Sukanya Samriddhi Account. Here is the process.
- You can download Sukanya Samriddhi circular + application form here or approach post office for application form
- Fill the application form
- Carry Aadhar card copies + photographs of parents and girl child.
- You can carry cash to make your first deposit. I am not sure whether Post Office would be accepting cheque for your first deposit.
- You would be given passbook to operate the account.
In which banks, we can open account for Sukanya Samriddhi Account / Yojana?
You can open Sukanya Samriddhi Yojana account at major Public Sector Banks (PSU) listed below. However, they are yet to gear up their systems to open this account. I feel it may take another couple of weeks by the time PSU Banks would be ready with this.
- State Bank of India (SBI)
- Allahabad Bank
- Andhra Bank
- Bank of Baroda (BOB)
- Bank of India (BoI)
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- IDBI Bank
- Indian Bank
- Punjab National Bank (PNB)
- UCO Bank
- United Bank of India
Also Read: Download Sukanya Samriddhi Account calculator in MS Excel format
You can also read: Sukanya Samriddhi Account in Hindi (PDF copy). This translation was done using Google Translation. For any errors while translating, pls apologize.
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Suresh
How to open Sukanya Samriddhi Account at post offices and banks
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That is good investment plane for Girls.
I m confused because how is benefit same SBI or Govt Post office
i have 5 years old daughter i want to open sukanya account and want to invest 10000 rupees yearly after complion how much amount will paid after 21 years
I have fill the form and submitted the post office and they have provided the 9 digit account number. I want to operate this account over online, how can i login and check.
Thanks,
Pawan Rai
I m geeta. Mai puchna chati hu ki mere aadhar card mai geeta name likha hai r meri beti ke janm patri me mera name geeta sharma likha hai. Kya mai sukanya form bhar sakti hu. Plz tell me.
My doughtr 10yers old. Can l open sukaneya yojana.
Yes.
My daurgter born in Malasiya (as my husband is on work visa for 2 years)but passport issued by Indian embassy and also considered as Indian as per doc issued by govt of India. In that case can we opt this policy
Shikha, I don’t think there should be any issue. Please contact any banks or post office.
I have contacted SBI, PNB and IDBI banks with the request for opening Sukanya Samriddi account but all of them say that they haven;t received any notification from their headquarters.
Can you tell when will the banks start opening the accounts?
Hi suresh,
what about NRI baby girl, she has birth certificate issued by Indian ambasy, passport and adhar card got in India.
Thanks in advance
PMR
Yes you can open
i am also waiting to start SSA in BANK. but banks are really not interested to start SSA.
Banks are interested to give Home loan and personal loan to increase their revenue. Very bad.
Hi Seema,
In fact none of the bank has any info regarding this scheme. This is really strange as Govt has instructed banks to provide regular updates on the progress of account opening. But still banks are not responding. Let’s wait for few more days till next update come.
Suresh sir for your sukanya post i am little disappointed why you are showing only 1000/ & 150000 yearly installment as you this scheme for poor people they may contribute 12000/- yearly why not given details for that when some one invest 12k up to 14 yrs of girl then after 21 yrs of girl child what he will get..
My calculations says has to invest 1.68 thousand then will get 6.5 lac approximately
Pls give this details
Srinivas, I said minimum Rs 1,000 and maximum Rs 1.5 Lakhs. Based on that I have given 2 screen shots. You can download the excel calculator and modify the amounts and interest rates.
Dear Sir,
if i deposite 2000 per year for my cute daughter what amount can i expect after21 years
You can download this excel calculator Asraf and compute the same. https://myinvestmentideas.com/2015/03/sukanya-samriddhi-excel-calculator-download/
SBI doesn’t have any intimation of this yojna and they do not know how to open account…
Hello Mr.Suresh, God bless with you. Without expecting anything, you are providing these analysis and reviews which is of great help. I wanted to open Sukanya Samriddhi Account in SBI, however the way you said these are not geared for this new scheme. I hope I can open in Apr month and start investing for my cute daughter.
How to open sukanya samriddhi account at Chennai? I hope process remains same
Yes Pavani
Banks like Canara bank, Band of baroda at Kalkaji (New delhi)dont even heard of this scheme…This is really shocking.
Yes Bijaya, I know this is what many readers on this blog are also comment.
It is now about 2 months since the govt announced the Sukanya Samriddhi scheme for the girl child. Where is the application form for this scheme. The staff at the post offices don’t know anything. They say that they have not received any application forms yet from the govt. How do we get the forms? the link above does not work? Please help
Whether Aadhar card is must? Or Pan card will work?
Moorthy, They are insisting on Aadhar card as this is required for address proof. I do not know wehther they can accept any other govt id proofs like PAN card or Voter card
Is this SSA best bet than PPF? I can see that this(SSA) will be for 21 years long and no carry over if the guardian expires. What’s your call on this suresh?
Link not working 🙁
Thanks Dave, I have corrected the link now. I really like people like you, who are helping me to remove errors on this blog. Please send your communication address to suresh@myinvestmentideas.com, I would send small token of appreciation.
My daughter is a USA citizen, and also a OCI (Overseas Citizen of India )
Is she also eligible
plz reply