Sukanya Samriddhi Scheme – Government recently launched Sukanya Samriddhi Account – Saving scheme is for girl child. This scheme is specially designed for girl’s higher education or marriage needs. Let’s go through detail of Sukanya Samriddhi account.
Features of Sukanya Samriddhi Account
- Sukanya Samriddhi account can be opened on girl child name by her biological parents of legal guardian.
- Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child.
- Maximum age limit for opening this account is 10 years. One year relaxation available this year.
- Minimum deposit amount for this account is 1000 Rs/- and maximum is 1,50,000 Rs/- per year.
- If minimum amount is not deposited, there will be fine of 50 Rs/- every year of default.
- Money to be deposited for 14 years in this account.
- Money can be deposited by cash or cheque.
- Maturity date is 21 years from date of opening or marriage date of girl child whichever is earlier.
- Interest rate of this account is 9.2% for FY 2015-16.
- One can withdraw 50% money for higher study of girl child after her age of 18 years.
- Account can be opened in post office or in Authorized bank branches.
- This account can be operated by parents of child till girl attains age of 10 years. On attaining age of ten years, the account holder that is the girl child may herself operate the account.
- This account can be closed in case of death of girl child.
- Passbook facility is available with Sukanya Samriddhi account.
- The pass book shall be presented to the post office or bank at the time of depositing money in the account and receiving payment of interest and also at the time of final closure of the account on maturity.
Document required for opening Sukanya Samriddhi account:-
- Birth certificate of girl child
- Address proof
- Identity proof
Do you need Sukanya Samriddhi account?
Sukanya Samriddhi account is very good initiative taken by government to increase saving for girl child. Many parents face cash problem at time of marriage of girl child, for them this type of scheme is boon.
One can open Sukanya Samriddhi account and start depositing money every month systematically. Interest rate on this account is 9.2% which is more than fixed deposit.
Sukanya Samriddhi Account will provide tax free return.This scheme is falling under EEE scheme means amount invested and returned earned is non taxable.Looking at tax benefit and return applicable you should invest in Sukanya Samrriddhi Account.
Finance Ministry Notification for Sukanya Samriddhi Account can be downloaded here.
Download Sukanya Samriddhi Account Opening form
Rajeev kakar
If there is no tax benefit or exemption from clubbing with parents income then what is the fun of depositing in this account instead of Fixed Deposit. Then depositing in this account is only imposing unnecessary restrictions on yourself.
Hitesh
Hi
Want to know detail about NPS national pension system
Tara Datt Nailwal
Dear sir
Plese find attached the quary of Sukanya Samradhi A/C. Deatil of Opaning Prosesar please Requast of Provide and A/c. Opaned Bankars Name
Thanks
Regard
Tara Datt Nailwal
Raviraj Parekh
Dear Tara Datt,
List of Bank where you can open Sukanya Sammriddhi Account is not known but considering fact that banks authorized to open PPF account will be authorized to open Sukanya Samriddhi account. Partial List is given below:-
SBI (State Bank of India)
SBI Subsidiaries (Patiala, Bikaner & Jaipur, Travancore, Hyderabad, Mysore)
ICICI (PPF Account ICICI Bank)
BOB – Bank of Baroda
Central Bank of India
BOI – Bank of India
Union Bank of India
IDBI
Vijaya Bank
Allahadbad Bank
Oriental Bank of Commerce
Bank of Maharasntra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
IOB – Indian Overseas Bank
PNB – Punjab National Bank
United Bank of India
IDBI Bank
Axis Bank
Regards,
Raviraj
Srinivas
I have checked few banks like SBI, Bank of India , Oriental Bank Secunderabad and Hyderabad but couldnt get the details as the banks told that they dont have any information from the government till date
sreesandhya
Not only Banks, Post Offices are also authorized to open Sukanya Samriddhi Accounts
Alka
Dear Sir, im not getting the form in bank or post office, even Allahadbad Bank and PNB bank dont know the Sukanya samriddhi account. could u pls let me know hw can i get the form???
santanu
Hi Alka,
RBI has released a general form in their website. You can check out the link below and download the form. Use that form to open SSA account in post office.
http://rbidocs.rbi.org.in/rdocs/content/pdfs/494SSAC110315_A3.pdf
PANKAJ GARG
1. Kindly confirm maturity is taxable or TDS applicable on same.
2. Tax Rebate is applicable on amount which is deposit annually
2. Which section under rebate we claim.
Raviraj Parekh
Dear Pankaj,
Maturity amount is not taxable. NO TDS is applicable.
Tax deduction can be claimed for money deposited for Sukanya Samriddhi Account under 80C.
Regards,
Raviraj
deleep kuar
Dear sir
My girl (baby) one year completed I investment Rs. 1000 pm for 14 years how many 21 years maturity amount please reply
Thanks
Raviraj Parekh
Dear Mr.Deleep,
On investment of 1000 Rs/- per month for 14 years maturity amount will be 6 Lac.
Regards,
Raviraj
massilon
Received message on WhatsApp.. need clarification..
मोदी सरकार ने सुकन्या स्मृद्ध योजना लॉन्च की है, और उसमे मोदी ओर मिडीया जनता के बिच में ऐसी अफवा फैला रहे है मानो जैसे मोदी ने देश की बेटियो के लिए लोटरी खोल दी हो और मुफ़्त के पैसे बाटने के हो !
जब की ये बस मोदी स्टाइल में मार्केटिंग का फंडा है (जन धन जैसा) !
ये योजना में आपको 1 से 10 साल की बेटियो के लिए 21 साल की अवधि वाला एकाउंट खोलना है और 14 साल तक पैसे भरने है !
15 वे साल से 21 साल आपको कुछ नहीं भरना है, पैसे आपको 21 साल के बाद ही मिलेंगे !
यानी 14 साल तक बैंक की रिकरिंग स्किम की तरह पोस्ट में रूपये भरने के और फिर 21वे साल तक यानी 7 साल तक वो फिक्स्ड डिपाजिट की तरह सरकार के पास रहेगे..
अब ये स्कीम समजते है !
14 साल तक इसी तरह से ही हर साल के 12,000 रूपये अगर हम किसीभी बैंक में 9% व्याज से रीकरिंग एकाउंट ओपन करवाकर भरे तो बैंकिंग फार्मूला के मुताबिक हमे 14 साल खत्म होने पर टोटल 4,33,563 रूपये मिले. [1,68,000 भरी हुई राशि + 2,65,563 व्याज (चक्रवृद्धि व्याज) ]
अब 14वे साल से 21वे साल तक ये रूपये ऐसे ही सरकार/पोस्ट के पास FD की तरह ही रहेंगे, क्योंकि सरकार की ये सुकन्या स्किम के मुताबिक रूपये वापिस तो 21 साल खत्म होने पर ही मिलेंगे..
यानी ये रूपये 7 साल तक फिक्स्ड डिपाजिट जैसे बनकर ही रहेंगे ..
तो ये 4,33,567 रूपये अगर हम किसी भी बैंक में 9% व्याज से 7 साल के लिए फिक्स्ड डिपाजिट करे तो 7 साल बाद यानी 21वे साल पर हमे बैंक फार्मूला के मुताबिक (चक्रवृद्धि) व्याज समेत कुल 7,92,570 ₹ रिटर्न मिले..
और मोदी सरकार बोल रही है की हमे देश की बेटी की चिंता है तो हम 21 साल के बाद 6 लाख देंगे, जब की हमे इससे ज्यादा रिटर्न तो बैंक में भी मिलता है तो इस सरकारी स्किम में फायदा क्या है ?
सच में मोदी ओर मिडिया ने जनता को उल्लू बनाने की दुकान खोलके रखी है !
ये कड़ी महंगाई के समय में आम आदमी के पास ये गिनती करने का वक्त नही होता और लोग जो बात मिडिया या सरकार बताती है उसे सच मान लेते है..
कृपया मोदी सरकार की देश के आम आदमियो से ठगाई करके लूटने की ये स्कीम की सच्चाई हर एक आम नागरिक तक पहुंचाऐ..
Raviraj Parekh
Dear Massilon,
Very Good Whatsapp Message, However Tax Benefit given on Sukanya Samriddhi is not mentioned in above message. If we compare this scheme with FD, in FD return is 9% but maturity amount is taxable. If you fall in 30% tax slab return will be very low 6% around.Considering tax benefit I prefer to invest in Sukanya Samriddhi Account.
Raviraj
m.murali
My daughter age is12 (02.01.2004) if I deposit 2500 per month what will be the maturity amount. For how many years I have to deposit. Some person saying up to 14 years is this years or age
Raviraj Parekh
Dear Murali,
If you deposit 2500 Rs. per month maturity amount will be 15.17 Lac. Up to 14 years you need to deposit.It is not age it is year from date of opening account.
Raviraj
PRASHANT CHATURVEDI
dear sir,
as there is no link given in sbi i am unable to know that is there online transfer of fund allowed in bank or not?
Raviraj Parekh
Dear Prashant,
Online transfer is allowed but with selected banks which supports online transaction facilities.
suresh kumar
sir what is the base of changing interst rate every year
Raviraj Parekh
As such their is no base of changing interest rate for Sukanya Samriddhi Account.
Lalit Srivastava
Sir
Investment in banks is safer than in post offices because if i invest 30000 annually then it will be in 17 lac after maturity in sukanya scheme and everybody knows that post offices payment system is worst. who has time to visit again n again to get huge sum. they cant pay such a huge premium to us and we have to cry and cry. but its shocking that banks are not providing facility for the same account. how tragic our indian banking system.
Raviraj Parekh
Dear Lalit,
This may be true in rural area but in city post office operate like professional bank only, However you can open this account in Bank also. If any back is denying your request you can straight away show them RBI circular.
Ajai Kumar
I shown the bank circular to SBI Cepz branch Kakkand, but the Manager told me that this scheme is not availble in their system and it will be done at the corporate branch in mumbai and they are not received any details of this account.
ponga shankarreddy
My baby age is 10 months;suppose she is in sukanyapathakam with 1,50,000/-per year then how much amount she got her future time?
Raviraj Parekh
Dear Shankar,
If you deposit every year 1.5 Lac in Sukanya Samriddhi Account.Maturity amount will be 80 Lac after 21 years.
Ajai Kumar
Today 17th April I gone to SBI and they told that they have no information about this govt project. Is anybody there is started this SSA account in public sector bank/SBI?
Any idea about when SBI starts this account?
manilal aheibam
Is PAN CARD A COMPULSORY DOCUMENT TO BE SUBMITTED TO OPEN SSA. answer pliz…..!
Raviraj Parekh
Yes PAN card is mandatory document to open Sukanya Samriddhi Account.
S.N.Maurya
Banks are not providing account opening form for Sukanya Samridhi Yojana.
kindly do the needful.
Raviraj Parekh
Dear Mr.Maurya,
Kindly approach Punjab National Bank. They are opening Sukanya Samriddhi Account.
Benoie Mathew
Pls help me to compare the existing fixed deposit schemes of SBI and Sukanya samridhi scheme as i’m having two girl children as I already deposited in
Is it the one time deposit or the monthly deposit or quarterly deposit scheme?
Mahendra Patel
Dear sir ,
I want to add myself as guardian or depositor in place of my wife to a week old, my daughter’s SSA account with a post office to enable tax benefits. So pls suggest the procedure ASAP.
Thanks
Raviraj Parekh
Dear Mahendra,
Kindly contact Post office and give written application for changing guardian depositor.
Nandita
The post office where I opened the account has given me a normal post office pass book for the account and not the pink pass book specific for Sukanya Samriddhi Account. However they have mentioned in the pass book as Sukanya Samriddhi Yojana. Is it ok?
Raviraj Parekh
No it is not OK.Sukanya Samriddhi Account has specific passbook. Specimen are already availabe online.
Nandita
I went to deposit a cheque into my daughter’s Sukanya Samriddhi Account in the Post Office. They refused to take the cheque as it was in written in favour of my daughter. They said the cheques had to be written in favour of the Postmaster who is in charge. I couldn’t find this information anywhere. Please tell me in whose favour should I write the cheque?
Raviraj Parekh
Dear Nandita,
This information is correct. They will accept cheque on the name of post master.You will be given receipt of this cheque and it is absolutely transparent no risk involved.
Y P AGGARWAL
Sir, As per Govt Notification ‘Opening of Sukanya Account: The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules, shall also be eligible for opening of the account under these rules
But I also read Some where:
Age Restriction for Opening of Account- The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules shall also be eligible for opening of account under these rules. Scheme is been commenced from 02.12.2014.
Grace Period for Opening of Account- Account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003 & 1.12.2004 can open account up to 1.12.2015.
Please clarify, If the girl child born on 02-12-2003 can she open the account upto 01-12-2015 i.e. at the age of 12 years.
Please also clarify, If the Girl child born after 1.12.2004 to 1.12.2005 can she also eligible for open of account upto 01-12-2015
Thanks
Y P Aggarwal
CHANDIGARH
Raviraj Parekh
Dear Mr.Aggarwal,
Account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003 & 1.12.2004 can open account up to 1.12.2015.
yaya leil
Sir,is it mandatory to deposit every month or anytime i can deposit ? Im confused about when to deposit and how much to deposit. ? Please make me clear.
Raviraj Parekh
You can deposit money anytime as per your convenience.Amount of deposit is not fixed.
S.Soren
The maturity period of scheme is not clear. Whether scheme will be matured when girl child attaining 21years or completion of 21years from the date of opening of the scheme.
Lovleen
My two months old daughter does not have her name on her birth certificate yet. Is it required to get her name written first or I can open the account with the unnamed certificate itself? Please help.
Raviraj Parekh
Lovleen, You need to birth certificate with her name in order to open Sukanya Samriddhi.