The small saving scheme for girl child is specifically designed to ensure that parents and guardians of the girl do not get overburdened at the time of their marriage or higher education and can take advantage of the investment as a tax exemption under section 80C of Income Tax. Currently Sukanya Samriddhi account can be opened from Post office but soon the SSAY account will be opened in all nationlised bank. Air India announces no-show waiver, free reschedule in view of traffic disruption in Delhi-NCR, Australia says 13 soldiers told they face dismissal after Afghan report. Individuals who do not have an account with SBI can open an SSY account by submitting the following documents: Documents required to open an SSY account in SBI (i) Birth certificate of the girl child Some features used on this website may involve a cookie being sent to your computer by a third party. Check Business Breaking News Live on Zee Business Twitter and Facebook. You will receive a call shortly from our customer support. Birth certificate of the girl child in whose name the account is opened must be submitted. As per the scheme, an initial deposit of Rs 1,000 would be required at the time of opening of the account. Individuals who do not have an account with SBI can open an SSY account by submitting the following documents: Documents required to open an SSY account in SBI (i) Birth certificate of the girl child This facility is available at all branches of the largest lender. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. To get Sukanya Samriddhi Account passbook, the account holder can download the application form from the respective bank or post office website and submit the duly-filled form to the authorised branch. As per the official SBI website, the Sukanya Samriddhi Account has was introduced vide Government of India Notification No. Sukanya Samriddhi Account in State Bank of India (SBI), The scheme allows a number of nationalized banks and Post offices to open up, Address Proof of the parent or legal guardian of the girl child, Photo identity proof of the legal guardian or parent of the girl child, It is important for you to know that under. Birth certificate of the girl child in whose name the account is opened must be submitted. The Tax benefits on Sukanya Samriddhi account can be availed based on the deposited amount. Once an Sukanya Samriddhi account has been opened, a passbook will be provided to you. SBI Sukanya Samriddhi Yojana Account: Maximum period up to which deposits can be made. Session Cookies  The passbook contains various details such as the name, date of birth, address, account number, the date the account … However, the death certificate must be provided. Editor February 7, 2020 Blog Comments Off on Sukanya Samriddhi Yojana in SBI. The scheme aims to promote the welfare of the girl child. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. For further information about how to do so, please refer to your browser ‘help’ / ‘tool’ or ‘edit’ section for cookie settings w.r.t your browser that may be Google Chrome, Safari, Mozilla Firefox etc. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This facility is available at all branches of the largest lender. rescinds the Sukanya Samriddhi Account Rules,2016 published vide G.S.R.323(E) dated 18th March,2016 with immediate effect.Further, Ministry of Finance (Department of Economic Affairs) vide their E-Gazette Notification dated 12th Dec,2019, … This allows our sites to recognize your device from those of other users on our sites. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. The passbook is provided at no extra cost. National Savings Institute says, "One withdrawal shall be allowed on attaining the age of 18 years of account holder to meet education expenses upto 50 % of the balance at the credit of preceding financial year.". The scheme was officially launched in January 2015. SBI Sukanya Samriddhi Yojana Account: Withdrawal rule. A Sukanya Samriddhi Account has a tenure of 21 years or until the girl child marries after the age of 18. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. Out of those nationalized banks, State Bank of India would certainly be one of the major banks who would have the maximum number of accounts. By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy. The tenure of SSY deposit is 21 years from the date of opening of the account. For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Once you get into the bank, you would be directed to the official who is responsible for opening up of Sukanya Samriddhi Accounts in SBI. Unless you have adjusted your browser setting so that it will refuse cookies, our system will check if cookies can be captured when you direct your browser to our sites. If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. SBI allows the opening of an SSY account in an easy and hassle-free way. Under Section 80C of the Income Tax Act, 1961, the scheme has been extended Triple exempt benefits -  there is no tax on the amount invested, amount earned as interest and amount withdrawn. Deposits can be made through Cash/Cheque/ Demand Draft/Transfer/ online transfers through internet Banking . Premature closure is also allowed in case medical treatment is required for life-threatening diseases. Enter your number below. It is irrespective of whether you already have an account in SBI or not, this account would be opened fresh in the name of the girl child by furnishing the above mentioned documents. Only one account can be opened in the name of a girl child. In case funds are not transferred, a Rs.50 penalty is levied per year. In any event, such information will be kept in our database until we get explicit consent from you to remove all the stored cookies. 4. One can open SSY account in the name of up to two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children. After meeting that official, he would himself guide you through the rest of the process. How to open a Sukanya Samriddhi Yojana account in SBI? It can be opened by the parents of a girl child below the age of 10.