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How to Open Sukanya Samriddhi Account in Bank of India? Document Required, Eligibility, etc.

Sukanya Samriddhi Account is a scheme launched by the Narendra Modi Government to provide a financial tool for the parents of a girl child where they can deposit funds and earn interest.

This will ensure that they are saving funds for the future of the girl child i.e. marriage or higher education.

The maturity of this account is 21 years of age with an option for premature withdrawal citing the need for funds for education.

Any one of the parents of the girl child also gets a tax benefit up to Rs.1.5 lakhs also the maturity amount will be exempted from any tax. This scheme also comes with an EEE tax benefit status which makes it an attractive investment option.

In this article, we will discuss how to open Sukanya Samriddhi Account in the Bank of India? document required, eligibility, etc.

How to Open Sukanya Samriddhi Account in Bank of India Document Required, Eligibility, etc.

Eligibility for Opening Sukanya Samriddhi Yojana Account

The following are the eligibility criteria for opening a Sukanya Samriddhi Yojana-

  • The girl child must be a citizen of India and resident at the time of opening the account
  • The maximum age for opening the SSY account is 10 years
  • This account is only available for the girl child
  • You can only open one account per girl child with a cap of two account within a family. More than two accounts are only allowed if the second pregnancy had duplets or for first pregnancy had triplets.

How to Open Sukanya Samriddhi Account in Bank of India?

You can follow these steps to open a Sukanya Samriddhi Yojana Account in the Bank of India-

  1. Visit the bank branch

    Visit your nearest Bank of India branch and ask the bank representative for the Sukanya Samriddhi Yojana account opening form

  2. Fill the form

    After getting the form, fill the form with correct details and attach the documents mentioned below

  3. Submit the document

    Now, submit the form to the bank representative along with the initial deposit amount

  4. Account opening successful

    After successful processing your application, you’ll be notified about your account opening and you can start using your SSY Account for savings

  5. Get a passbook from the bank branch

    Now, visit the bank branch and review your application and receive your bank passbook where you’ll find your account details which can be used to find transfer and balance check

Documents Required for Sukanya Samriddhi Account

The documents required for opening a Sukanya Samriddhi Yojana Account in the Bank of India is as follows-

  • Birth certificate of the girl child
  • Photo ID of parents or legal guardian- Aadhaar Card, Voter’s Card, etc.
  • Address proof of parents or legal guardian
  • Passport size photograph of the child and parent


How many years does one need to pay for Sukanya Samriddhi Yojana?

One needs to pay the funds into this account till the girl child attains the age of 15. You also have an option to continue your contribution till maturity.

What are the minimum and maximum amounts for Sukanya Samriddhi Yojana?

The minimum amount that you can deposit in the Sukanya Samriddhi Yojana is Rs.250/- per year and the maximum amount for deposit is Rs.1.5 lakhs.

How many times we can deposit money in Sukanya Yojana?

You can deposit funds multiple times in the account is a financial term as there are no limits, however, there is a maximum amount cap of Rs. 1.5 lakhs which you should not exceed.

What will happen if I deposit more than the prescribed maximum amount?

If you’ve deposited more than the prescribed maximum amount then the amount which is exceeded will not get them any kind of benefits like interest, tax benefits, etc. That amount will be returned to you as it is.  

What is the maximum age for opening Sukanya Samriddhi Account?

The maximum age for opening a Sukanya Samriddhi Yojana Account is 10 years with no minimum age barrier. You can also open this account for newly born babies.

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