Sukanya Samriddhi Yojana is a government-backed savings scheme introduced to provide a secure future for girl children in India.
As a part of the “Beti Bachao, Beti Padhao” campaign, this initiative aims to empower parents and guardians by enabling them to build a substantial corpus for their daughters’ education and marriage expenses.
By offering attractive interest rates and tax benefits, the Sukanya Samriddhi Yojana has become a popular choice among families seeking a long-term investment plan.
This savings scheme specifically caters to the financial needs of parents who want to secure their daughters’ futures.
If you are a parent or guardian of a girl child, the Sukanya Samriddhi Yojana provides numerous benefits and reasons to consider it as a viable investment option.
By contributing regularly to this scheme, you ensure financial stability and foster a sense of independence and empowerment for your daughter.
Monitoring the account balance is crucial for effective financial planning and tracking progress toward your goals.
Fortunately, the government has implemented several convenient methods to check your Sukanya Samriddhi account balance.
To access your account balance, you can choose from various options, including online portals, mobile applications, SMS services, or visiting the nearest bank branch.
In this article, we will provide step-by-step instructions on how to check your Sukanya Samriddhi account balance and much more.
List of Banks Providing Sukanya Samriddhi Account
The following are he list of banks providing Sukanya Samriddhi Account-
- State Bank of India
- Punjab and Sind Bank
- Bank of Baroda
- Canara Bank
- Bank of India
- Bank of Maharashtra
- Central Bank of India
- Indian Overseas Bank
- Indian Bank
- UCO Bank
- Punjab National Bank
- Union Bank of India
- IDBI Bank
- Axis Bank
- ICICI Bank
How to Check Sukanya Samriddhi Account Balance?
The following is the step-by-step instruction on how to check Sukanya Samriddhi Account Balance-
Online:
- Visit the official website of your bank or the post office where you hold your Sukanya Samriddhi account
- Now, login to your account using your login credentials and then navigate to the Sukanya Samriddhi Account located in the account summary section of your account
- Now, you’ll find the account details listed there including the current balance details
Offline:
- Visit the nearest bank branch or post office where you hold your Sukanya Samriddhi account along with your account passbook
- Now, ask the bank or post office representative and ask the bank representative for your account details by submitting your passbook
- The bank representative will provide you the details and update the passbook for you
FAQ
Any parent or guardian of a girl child below the age of 10 years is eligible for getting the Sukanya Samriddhi Account. One account is allowed per girl child and a maximum of two accounts is permitted per family unless the second and third girl child are twins.
The minimum deposit required to open a Sukanya Samriddhi Account is Rs. 250, and the maximum stake allowed in a financial year is Rs. 1.5 lakh.
The interest rate on Sukanya Samriddhi Account is revised by the government periodically. As of 2023, the interest rate is 8.0% per annum, compounded annually.
Yes, you can transfer your Sukanya Samriddhi Account from one bank or post office to another by filling out the form and submitting it to the new branch office followed by the cheque.
Yes, premature closure of a Sukanya Samriddhi Account is permitted in certain exceptional cases, such as the unfortunate demise of the account holder or upon the orders of the court.
If the minimum annual deposit of Rs. 250 is not made annually, the account will be considered as defaulted. A penalty of Rs. 50 will be levied for each defaulted year along with the minimum deposit requirement.
No, the account will stop earning interest after the completion of the maturity period, which is 21 years from the date of opening the account. However, the balance amount will remain intact until withdrawn.
