Sukanya Samridhi Yojana/Account , Sukanya Samridhi Yojana (Girl Child Prosperity Account) Eligiblity Details Benefits, Sukanya Samridhi Yojana Application and Claim Forms, How to Open the Sukanya Samriddhi Account,Indian Government schemes
- Details
- Category: Indian Goverment Schemes
- Last Updated: Monday, 20 June 2016 17:26
Sukanya Samridhi Yojana/Account , Sukanya Samridhi Yojana (Girl Child Prosperity Account) Eligiblity Details Benefits, Sukanya Samridhi Yojana Application and Claim Forms, How to Open the Sukanya Samriddhi Account,Indian Government schemes
Sukanya Samriddhi Account (literally Girl Child Prosperity Account) in a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.
The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign.
How to Open the Sukanya Samriddhi Account?
Guardian to open the account: The account can be opened only by parents or legal guardians for upto two girl children. In case of twins or triplets, an exemption will be made on production of a certificate from authorised medical institutions.
Age Eligibility:
A Sukanya Samriddhi account can be opened for a girl child till she attains the age of 10. The scheme started from 2 December, 2014. An initial grace period of one year has been announced for convenience. A girl child, who is born between 2 December, 2003 and 1 December, 2004, can open account by 1 December, 2015.
Account in the name of the beneficiary: Sukanya Samriddhi Scheme can only be opened in the name of the girl child. The depositor (guardian) will be an individual, who deposits amount in the account on behalf of the minor girl child.
One Girl One Account:
Only one account can be opened per girl child.Where to open Account: Sukanya Samriddhi account can be opened in Post Offices or authorised Banks (State Bank of India, Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank, Andhra Bank, UCO Bank, and Allahabad Bank, to name the few).
What Are the Documents Required for Opening an Account?
Birth Certificate of the girl child.Address and photo identity proof (PAN Card, Voter ID, Aadhar Card) of the guardian.
| Serial Number | Financial Year | Date Range | Interest Rate | Minimum Investment | Maximum Investment |
|---|---|---|---|---|---|
| 1 | 2014-15 | 1 April 2014 to 31 March 2015 | 9.1% | ₹1,000 | ₹150,000 |
| 2 | 2015-16 | 1 April 2015 to 31 March 2016 | 9.2% | ₹1,000 | ₹150,000 |
| 3 | 2016-17 | 1 April 2016 to 30 June 2016 | 8.6% | ₹1,000 | ₹150,000 |
More info on Sukanya Samriddhi Accounts:
• Rate of interest 8.6% Per Annum(w.e.f 1-4-2016),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.
• Normal Premature closure will be allowed after completion of 18 years /provided that girl is married.
src:indiapost.gov.in, mapsofindia & wikipedia