PNB rolls out Sukanya Samriddhi Scheme Yojana
One of the top investment option which is in every group discussion is Sukanya Samriddhi Scheme Yojana. Though it has been announced by the Govt. of India almost 4 months bank, still banks are not accepting to open Sukanya Samriddhi Scheme Yojana. Punjab National Bank (PNB) has rolled out this scheme last week. I would provide more details about PNB rolling out Sukanya Samriddhi Scheme.
PNB rolls out Sukanya Samriddhi Scheme Yojana
Govt. of India has announced Sukanya Samriddhi Scheme almost 4 months back in Jan-2015. However, only post office has started opening these accounts. RBI has announced to rollout across 28 commercial banks and provided necessary guidelines almost 8 weeks back. However, none of the banks have launched this scheme till now. PNB announced last week that it has rolled-out Sukanya Samriddhi Scheme Yojana. Bank officials have confirmed that this scheme is available in 1,604 PNB Branches across India.
Also Read: How to open Sukanya Samriddhi Yojna in Post offices and Banks?
How to apply for Sukanya Samriddhi Scheme Yojana in PNB?
- You need to fill the Sukanya Samriddhi Scheme Yojana application form. The application form is available at all branches of Punjab National Bank.
- Copy of birth certificate of the girl child needs to be submitted
- Copy of address proof to be submitted (Parent or Guardian)
- Copy of the ID proof to be submitted (Parent or Guardian)
What are the main features of the Sukanya Samriddhi Scheme Yojana?
- Sukanya Samriddhi Yojana Scheme is a girl child saving scheme.
- This scheme offers 9.2% interest for the financial year 2015-2016. Interest rate would change and would be announced by Govt. of India year on year.
- Interest received is tax free.
- Maximum age of entry is 10 years. However, since it is the first year of launch, Govt. of India has relaxed 1 year and the girl who has age up to 11 years can open this account.
- Investment to be done till 14 years of age upto maximum amount of Rs 1.5 Lakhs per annum.
- Partial withdrawals allowed after girl attains 18 years of age or during marriage.
- This account matures once girl attains 21 years of age.
- Parent / Guardian can open Sukanya Samriddhi Account on behalf of their girl child.
- This is a top investment option for girl child saving scheme. Post office has opened more than 2 Lakh accounts after it is announced in the last 4 months.
- Many feel that Sukanya Samriddhi Scheme Yojana is the best investment option comparing to PPF, which has similar features, however, PPF offers lesser interest rates compared to Sukanya Samriddhi Yojana Scheme.
Conclusion: While RBI has announced list of authorized banks which offer Sukanya Samriddhi Account, many banks are not geared up to launch this scheme due to various technical issues. PNB rolling out Sukanya Samriddhi Scheme Yojana is definitely a good move. One can utilize this option by investing through 1,604 branches of PNB across India.
All the best to parents / guardian of girl child who are willing to invest in this scheme.
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Suresh
PNB rolls out Sukanya Samriddhi Scheme Yojana
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