By continuing to use the site, you agree to the use of cookies. After meeting that official, he would himself guide you through the rest of the process. Once the penalty is paid, the account can be regularized. These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com). You will need to keep the passbook in a safe place as the same will be needed to update information about all kinds of transactions completed on the account. Enter your number below. 4. How to open a Sukanya Samriddhi Yojana account in SBI? Apart from checking the available Sukanya Samriddhi account balance online, the balance can also be checked with the help of the passbook if it is updated regularly. Please re-enter your phone number. These cookies are used by us or by our third-party service providers to analyse how the sites are used and how they are performing. Subscribe on YouTube. Leaving so soon? The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites. Reuters, Copyright © Zee Media Corporation Ltd. All rights reserved, HDFC Life helps ‘Dabbawalas’ against the Covid-19 crisis with #PromisewalaDabba, Covid-19 vaccine: UK asks regulator to assess AstraZeneca and Oxford University vaccine amid questions, As Lakshmi Vilas Bank turns into DBS Bank, Anil Singhvi maps the road ahead for shareholders, For Trades: Derivatives Summary Analysis, Bulls bounce back, RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds, Huawei founder urges Honor subbrand to become competitor after split, Laurus Labs Share Price: Company forays into Lucrative Biotech Space, Major relief to passengers! Once an Sukanya Samriddhi account has been opened, a passbook will be provided to you. We may also allow our third-party service providers to use cookies on the sites for the same purposes identified above, including collecting information about your online activities over time and across different websites. They also include Cookies that enable us to remember your previous actions within the same browsing session and secure our sites. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them. Sukanya Samriddhi Yojana is an initiative taken by central government. SBI website says standing instructions can be given either at the Branch or set through Internet Banking for automatic credit to Sukanya Samriddhi Account. You can deposit up to Rs.1.5 lakh towards the account in a year. After that, you can deposit a minimum of Rs 100 or its multiple amounts any number of times throughout the year. Sukanya Samriddhi account can be opened by making a minimum deposit of Rs. Given in the table below is an example of how much you would receive for contributions made towards the scheme for 21 years. Once an Sukanya Samriddhi account has been opened, a passbook will be provided to you. SBI Sukanya Samriddhi Yojana Account tenure of deposit. You will need to open an Sukanya Samriddhi account first to get an Sukanya Samriddhi account passbook and for opening the account, you will need to obtain the application form from any of the offices of India Post or from the following authorized banks: Once you obtain the form, you will then need to submit the same with the required documents and then the Passbook will be provided to you after the account opening formalities are completed. Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites. With this scheme a girl child will not be a burden on her parents or guardians while she grows up. 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 912(E),has notified that Central Govt. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. Persistent Cookies The current rate of interest on SSY account deposit is 8.5%. Copyright © 2020   BankBazaar.com. The scheme aims to promote the welfare of the girl child. SBI Sukanya Samriddhi Yojana Account: Individuals looking for securing the future of their girl child can open Sukanya Samriddhi Account at the State Bank of India (SBI). It can be opened by the parents of a girl child below the age of 10. These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. Some features used on this website may involve a cookie being sent to your computer by a third party. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”). 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. Here is a step-by-step guide for transferring money in your post office RD, PPF and Sukanya Samriddhi accounts through IPPB. The data collected by the sites and/or through Cookies that may be placed on your computer will not be kept for longer than is necessary to fulfil the purposes mentioned above. The Tax benefits on Sukanya Samriddhi account can be availed based on the deposited amount. The passbook is provided at no extra cost. 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. In the current budget, Our finance minister announced one of the high return saving account to secure the financial future of a girl child. We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. 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. You can find out more by clicking As per the official SBI website, the Sukanya Samriddhi Account has was introduced vide Government of India Notification No. These cookies let us operate the sites in accordance with the choices you make. 2) … We use session cookies to help us track internet usage as described above. As per the official SBI website, the Sukanya Samriddhi Account has was introduced vide Government of India Notification No. 250 and maximum deposit of Rs. 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