List of Banks offering Sukanya Samriddhi Savings Account
Some of the banks located in India have been authorised by the Indian Government to open Sukanya Samriddhi Savings accounts . Some of these are State Bank of India (SBI), UCO Bank, Indian Bank, IDBI Bank, Canara Bank, etc.
The Reserve Bank of India has authorized the below banks to open Sukanya Samriddhi Savings accounts
Bank
Interest Rate
Axis Bank Sukanya Samriddhi Yojana
8.2% per annum
State Bank of India Sukanya Samriddhi Yojana
8.2% per annum
Bank of Maharashtra Sukanya Samriddhi Yojana
8.2% per annum
Bank of India Sukanya Samriddhi Yojana
8.2% per annum
Bank of Baroda Sukanya Samriddhi Yojana
8.2% per annum
Indian Overseas Bank Sukanya Samriddhi Yojana
8.2% per annum
Indian Bank Sukanya Samriddhi Yojana
8.2% per annum
ICICI Bank Sukanya Samriddhi Yojana
8.2% per annum
IDBI Bank Sukanya Samriddhi Yojana
8.2% per annum
Union Bank of India Sukanya Samriddhi Yojana
8.2% per annum
UCO Bank Sukanya Samriddhi Yojana
8.2% per annum
Punjab National Bank Sukanya Samriddhi Yojana
8.2% per annum
Punjab & Sind Bank Sukanya Samriddhi Yojana
8.2% per annum
Canara Bank Sukanya Samriddhi Yojana
8.2% per annum
Central Bank of India Sukanya Samriddhi Yojana
8.2% per annum
Axis Bank Sukanya Samriddhi Yojana The Axis Bank Sukanya Samriddhi Yojana account provides financial benefits for the girl child. This savings scheme helps parents meet their financial obligations on time and save for their child. The parent or legal guardian of the child may open an Axis Bank Sukanya Samriddhi Yojana account.
State Bank of India Sukanya Samriddhi Yojana The Sukanya Samriddhi Yojana offered by SBI works to improve the well-being of girls. Deposits may be made for a maximum of 15 years following the opening of the account.
Bank of Maharashtra Sukanya Samriddhi Yojana With a Bank of Maharashtra Sukanya Samriddhi Yojana account, parents can stop worrying about their daughter's future expenses. Upon maturity, the girl child receives an assured amount.
Bank of India Sukanya Samriddhi Yojana The girl child's future financial security is guaranteed by the Bank of India Sukanya Samriddhi Yojana. An amount of up to Rs.1.5 lakh can be deposited into the account annually.
Bank of Baroda Sukanya Samriddhi Yojana The Bank of Baroda Sukanya Samriddhi Yojana account enables parents to set aside money for their girl child’s future goals. To open a Bank of Baroda Sukanya Samriddhi Yojana account, you need to follow a few simple steps.
Indian Overseas Bank Sukanya Samriddhi Yojana The Sukanya Samriddhi Yojana account offered by Indian Overseas Bank is a great way to protect a girl child's future. When the girl child marries after turning 18, premature closure is allowed.
Indian Bank Sukanya Samriddhi Yojana The Indian Bank Sukanya Samriddhi Yojana guarantees the girl child's future financial security. A minimum of Rs.250 can be invested in this account. Tax exemptions under Section 80C are also applicable to the Sukanya Samriddhi Yojana account.
IDBI Bank Sukanya Samriddhi Yojana The IDBI Bank Sukanya Samriddhi Yojana account can be opened by the girl child's guardian or biological parent. Partial withdrawals from the account are not allowed until the girl attains the age of 18 years.
Union Bank of India Sukanya Samriddhi Yojana The best way to protect the girl child's safety is to open a Sukanya Samriddhi Yojana account with Union Bank of India. The minimum investment is Rs.250 and the scheme offers several benefits for the welfare of the girl child.
UCO Bank Sukanya Samriddhi Yojana The UCO Bank Sukanya Samriddhi Yojana account helps in securing the future of the girl child. You can transfer this account from one bank to another all over India.
Punjab National Bank Sukanya Samriddhi Yojana The Punjab National Bank Sukanya Samriddhi Yojana account encourages parents to start creating wealth for their female child's future. The girl child's biological parents or legal guardian can easily open an account under her name.
Punjab & Sind Bank Sukanya Samriddhi Yojana The best option to guarantee the safety of the girl child is to open a Sukanya Samriddhi Yojana account with Punjab and Sind Bank. The girl child will benefit financially from this and be able to pursue her dreams.
Canara Bank Sukanya Samriddhi Yojana The Canara Bank Sukanya Samriddhi Yojana aims at assisting every girl child in achieving her future goals. It is designed to cover a girl child's education and marriage expenses.
Central Bank of India Sukanya Samriddhi Yojana The Sukanya Samriddhi Yojana of the Central Bank of India provides both affordability and flexibility. It offers the highest interest rate compared to other Small Savings Schemes in addition to a number of tax benefits.
The account can also be opened at post offices. You will need to make an initial deposit of Rs.250 and submit your documents in order to open the account.
How to Open Sukanya Samriddhi Yojana Account Online
Authorised banks offer an online application process for opening a Sukanya Samriddhi Yojana account. To apply, simply visit their official websites and fill out the Sukanya Samriddhi Yojana online form. Pay the application fee using any digital payment method. If you already have a savings account with one of the authorised banks, you can open a Sukanya Samriddhi Yojana account right away by logging into your net banking account.
How to Open Sukanya Samriddhi Yojana Account Offline
To a Sukanya Samriddhi Yojana account offline, you need to visit the nearest authorised bank. Ask for a Sukanya Samriddhi Yojana scheme application form and fill it with all your details. Attach the required documents and submit them along with the application form to the bank. Your SSY account will be opened after verification of your application.
FAQs on List of Banks offering Sukanya Samriddhi Savings Account
What is the SSY bank list?
The SSY bank list includes the banks where you can open a Sukanya Samriddhi Yojana account.
How many Sukanya Samriddhi Yojana accounts can be opened?
Parents can open an account for each of their two female children. If twins are born for the second time, three accounts can be opened.
Does the Sukanya Samriddhi Yojana offer any tax benefits?
Yes, you can avail tax deductions under Section 80C for up to Rs.1.5 lakh.
What if the account holder does not make any deposits into the Sukanya Samriddhi Yojana for one or more financial years?
If you fail to deposit the required minimum deposit amount of Rs.250 within a financial year, you will have to pay a penalty of Rs.50.
What is the tenure of the Sukanya Samriddhi Yojana?
The tenure of the Sukanya Samriddhi Yojana is 21 years.
Is it possible to get a loan on a Sukanya Samriddhi Yojana account?
No, SSY accounts are not eligible for loan facilities.
Is it possible to make partial withdrawals from a Sukanya Samriddhi Yojana account?
Withdrawals are permitted upon the account holder's completion of the 10th standard or the age of 18, whichever comes first.
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