28 Banks Authorized to Open Sukanya Samriddhi Account

28 banks are now authorized to open Sukanya Samriddhi Account. This information was stated in RBI circular RBI/2014-15/494 dated 11^th March, 2015. Let’s check which banks are authorized to open Sukanya Samriddhi Account.

List of Banks Authorized to open Sukanya Samriddhi Account

1. State Bank of India
2. State Bank of Patiala
3. State Bank of Bikaner & Jaipur
4. State Bank of Travancore
5. State Bank of Hyderabad
6. State Bank of Mysore
7. Andhra Bank
8. Allahabad Bank
9. Bank of Baroda
10. Bank of India
11. Punjab & Sind Bank
12. Bank of Maharashtra
13. Canara Bank
14. Central Bank of India
15. Corporation Bank
16. Dena Bank
17. Indian Bank
18. Indian Overseas Bank
19. Punjab National Bank
20. Syndicate Bank
21. UCO Bank
22. Oriental Bank of Commerce
23. Union Bank of India
24. United Bank of India
25. Vijaya Bank
26. Axis Bank Ltd
27. ICICI Bank Ltd.
28. IDBI Bank Ltd.

According to this circular banks are advice to follow rules and regulation of Sukanya Samriddhi Account mentioned in RBI circular dated 2^nd Dec, 2014.

It is mandatory to report all transaction done for Sukanya Samriddhi Account by bank. i.e. receipt, payment, penalty, etc to RBI. This is to maintain uniformity in reporting, reconciliation and accounting.

For further information refer to RBI Circular.

Apart from this RBI also provided Specimen Application Form for opening Sukanya Samriddhi Account.

Download Sukanya Samriddhi Account opening Form

Sukanya Samriddhi Account Passbook Specimen

Main Feature of Sukanya Samriddhi Account

1. This account can be open on girl child name age 10 years or less.
2. Only single account can be opened for girl child.
3. This account can be opened at any post office or at banks mentioned above.
4. It is mandatory to submit birth certificate to open this account.
5. Minimum deposit amount for this account is 1000 Rs/-
6. Maximum deposit amount is 1.5 Lac per year.
7. 1% interest is applicable on this account for FY 2015-16.
8. 50% of Amount can be withdrawn from this account on 18^th birthday of girl child for education or marriage expense.
9. This account can be transferred from bank/post office to other bank/post office.
10. Maturity date of this account is 21 years after opening the account.

Also Read:-

Sukanya Samriddhi Account – Review, Features & Benefits

Sukanya samriddhi Calculator Download