PM Sukanya Samriddhi Yojana: How to open Sukanya Samriddhi account online and check balance.

PM Sukanya Samriddhi Yojna: How to open Sukanya Samriddhi account online and check balance. Know more about sukanya samriddhi benefits and process.

Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of the Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child.

To benefit girl children, Sukanya Samriddhi Scheme was introduced by the government of India. It currently offers an interest rate of 8.4 percent per annum, and under Section 80C of the Income Tax Act, 1961, it comes with tax-free maturity and interest, and tax deductions are also available. The interest rate is subject to change on a quarterly basis.

For up to 2 daughters aged below 10, either parents or legal guardians on behalf of their girl children can invest in this scheme. The SSY account can also be opened for an adopted girl child. It can be opened in any post office or authorized banks. In a financial year, the maximum amount that can be deposited is Rs 1.5 lakh and the minimum is Rs 1,000 under this scheme.

If you also planning to open an SSY account, then here’s all that you need to know about it.

• You need to visit any authorized bank branch or a post office branch, to open a Sukanya Samriddhi Yojana Account. Presently, neither post offices nor authorized bank branches allow opening Sukanya Samriddhi account online. However, after submission of all the documents, once the account is opened you can set the standing instructions online.
• You need to fill out the SSY Account opening form.
• Keep the documents ready along with photographs, beneficiary’s birth certificate, address proof and Id proof of the guardian or parents of the beneficiary.
• You need to pay the deposit amount which could be any amount between Rs 250 and Rs 1.5 lakh.
• To make your future transfers online, you can give a standing instruction at the branch or set up automatic credit to the SSY account through NetBanking.
• How to check Sukanya Samriddhi’s account balance online?
• From your respective bank, apply and collect the login credentials of your SSY account. (Note that not all banks have started offering this facility. Only a few banks let their SSY account holders check account balance online.)
• Use your login credentials, and log in to the internet banking portal of the bank.
• Go to the homepage after logging in to the account, and you can check the balance there. It could also be displayed on the dashboard of the account.
• Through this process, you will only be able to view the balance in your account, transactions through this portal can’t be made.

Watch the video to know more

ELIGIBILITY: Any girl child who is a resident Indian from the time of opening the account till the time of maturity/closure.

BENEFITS: Under the scheme, a minimum of Rs 1000 and a maximum of Rs 1,50,000 can be deposited. Some of the benefits associated with opening the account under the yojana include high-interest rate, savings on income tax, lock-in period when an account reaches the maturity age account balance including the interest rate will be paid to the policyholder and lastly the policyholder receives interest even when the scheme reaches maturity.

MODE OF APPLICATION: One could open the SSA account in any post office or authorized branch of commercial banks. You can contact your nearest post office/bank branch for more scheme related information.

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