Want to open Sukanya Samriddhi Account in SBI for your girl child online? Do you know what is the process of opening SSA account and what are the documents required for this? In this article I will be sharing some useful information about this Sukanya scheme with account opening procedure.
Sukanya Samriddhi Yojana Scheme is a social security scheme for girl child and the notice behind the launch of this scheme is to provide financial security to girl child in our society. One can open this account is many of the selected banks in India.
Sukanya Samriddhi Account has has been introduced vide Government of India Notification No. G.S.R.863(E) dated December 02, 2014 and circulated to Banks by Reserve Bank of India vide their letter No.RBI/2014-15/494/IDMD(DGBA).CDD/No.4052/15.02.006/2014-15 dated 11th March 2015. You can visit any SBI branch to open this account easily for your girl child.
Documents Required to open Sukanya Samriddhi Account in SBI
Well, you have to provide the valid documents of your kid as well as yours to open SSA account in post office or any bank. Here are the list of documents required while opening SSA in SBI.
- Birth certificate of the girl child.
- Address proof of the parents or legal guardian
- Photo identity proof of the parents or the legal guardian
Interest on Deposit in Sukanya Samriddhi Account
The Sukanya Samriddhi Account scheme was launched with an initial interest rate of 9.10% p.a. compounded annually. This has been increased to 9.20% p.a. for the current fiscal 2015-16.Sukanya Samriddhi Yojana interest rate is revised on a yearly basis and hence for FY 2016-17 it has been revised 8.6%.
The interest rate of this scheme is subject to change every year.
Steps To Open Sukanya Sabriddhi Account in SBI
First of all, one can’t open the SSA account through SBI netbanking. You have to visit to your nearest SBI branch to submit the application form. Just follow the step by step guide below to open your first Sukanya account in SBI for your daughter.
First of all you can download the Sukanya Samriddhi Account opening application form online from SBI website. You can also visit directly to the nearest SBI bank branch and ask for account opening form.
Next, fill up the application form carefully and the take copy of all the mandatory documents.
Submit the form and documents to SBI branch office. After verification, bank executive will open the account for your daughter and provide you a Sukanya Samriddhi Account passbook.
Rules & Benefits of Sukanya Samriddhi Account in SBI
Well, there are various rules and terms that one should know before applying for Sukanya Samriddhi Yojana account in State Bank of India. You can refer to the SBI Sukanya Samriddhi Account official website page where you will find details of eligibility, minimum deposit or maximum deposit rules, withdrawal rules or income tax benefits etc at one place. Share your experience or query if any about this scheme by writing a simple comment below.