Find information on sukanya samriddhi yojana 2022 – Special features Facility Interest Rates Deposit income tax benefits from all banks ICICI, SBI, HDFC, PNB, Uco, bank of baroda etc.
Special features:
✓ Bank account can be opened for girl child (maximum two three accounts can be opened)
✓ Deposit for only 14 years with maturity at 21 years
✓ Facility of 50% payment after 18 year of age
✓ Facility of account closure on marriage after the age of 18
✓ Deposit minimum Rs.1000 and maximum Rs.150000 per year
✓ Highest Rate of interest on deposit- 9.20%
✓ Income tax benefits under section 80c
SUKANYA SAMRIDDHI ACCOUNT – SBI
Objective: To promote the welfare of Girl Child
Who can open the account: A natural/ legal guardian on behalf of a girl child
Maximum number of accounts: Upto two girl children or three in case of twin girls
Minimum Amount of Deposit: Min.1000 of initial deposit
Maximum Amount of Deposit: Rs.150000 in a financial year
Tenure of the Deposit: 21 years from the date of opening of the account
Tax Rebate: As applicable under section 80C of the IT Act, 1961.
Mode of Deposit: Cash/Cheque/ Demand Draft
Sukanya Samriddhi Yojana (SSY) – ICICI Bank
ICICI Bank is authorized by Ministry of Finance for offering Sukanya Samriddhi Yojana (SSY) Accounts. Customers can open the account by submitting account opening documents at any ICICI Bank branch. The account will be opened in one of the 42 designated branches.
Eligibility
- The account can 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 10 years
- A depositor can open and operate only one account in the name of a girl child under the scheme rules
- Natural or legal guardian of a girl child can be allowed to open the account for two girl children only. The third account in the name of the girl child can be opened in the event of birth of twin girls, as second birth or if the first birth itself results into three girl children
Documentation
- SSY Account Opening Form
- Birth Certificate of girl child
- Identity proof (as per RBI KYC guidelines)
- Residence proof (as per RBI KYC guidelines)
Features
- Attractive interest rate of 9.2%. Interest rate is regulated by Ministry of Finance from time to time
- Minimum Rs. 1,000 can be invested in one financial year
- Maximum investment of Rs. 1,50,000 can be made in one financial year
- Deposits in an account can be made till completion of 14 years, from the date of opening of the account
- The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage
Sukanya Samriddhi Accounts – Post Office
• Rate of interest 9.2% Per Annum(w.e.f 1-4-2015),calculated on yearly basis ,Yearly compounded.
• Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 100/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year
• A legal Guardian/Natural Guardian can open account in the name of Girl Child.
• A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
• 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 to1.12.2015.
• If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
• Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
• Account can be closed after completion of 21 years.
• If account is not closed after maturity, balance will continue to earn interest as specified for the scheme from time to time.
• Normal Premature closer will be allowed after completion of 18 years /provided that girl is married.
