March 1, 2015

Important Information about Sukanya Samriddhi Accounts

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Important Information about Sukanya Samriddhi Accounts   

  • Natural guardian or legal guardian  can open account in the name of girl child
  • Age of girl child should not be more than 10 years at the time of account opening [Note Grace period of 1 year is available now girl child whose date of birth is on or after 02-12-2003 can open account)
  • Rate of interest is 9.2% per annum for the financial year 2015-16. 
  • Rate of interest is calculated yearly basis and yearly compounded 
  •  Deposit limit is minimum INR 1000/- and maximum 150000/- 
  •  Deposit can be made lump sum up to INR 150000/ 
  •   Maximum two accounts can be opened in the name of two different girl children. 
  •  Only single account is permitted for one girl child. 
  •  After attending 18 years of girl child, partial withdrawal of maximum 50 percent is allowed of     balance standing at the end of preceding financial year.   
  •  Account can be opened in Post office or authorized branches of commercial Bank. 
  •  Account can be transferred from one post office or bank branch to anywhere in India. 
  • Guardian will be called as "depositor " and girl will be called as " Account holder"
 Download Sukanya Samriddhi Accounts account form : Click here