PM Sukanya Samriddhi Yojna: How to open Sukanya Samriddhi account online and check balance. Step - 1: Apply and collect the login credentials of the SSY account from the respective bank. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). Uh-oh! Copyright © 2020   BankBazaar.com. The withdrawal can be used for the girl’s higher education, marriage, etc.. No, individuals cannot use an SSY account to avail a loan. If the minimum amount of Rs 1000/- is not deposited in any financial year , a penalty of Rs 50/- will … Sukanya Samriddhi Yojana HDFC Intrest Rates. However, the policyholder must be at least 18 years old at the time of marriage. The tax-free savings scheme with a luring interest rate, provides the perfect financial assistance for the future of girl children. The filled application form should be followed by your KYC documents, proof of birth of your girl child, photo ID (both you and your child) and 2 photographs of your girl child. Also the interest rate for the July-September quarter is 7.6%. The account can be opened by downloading the common SSA account opening form released by the Reserve Bank of India or collecting the account opening form available in banks or post offices. You will not be able to make any transactions through this portal. From there you can continue the process of making contributions for the welfare and future of your girl child. Please click OK to continue to the link or CANCEL to return to the previous page. They are. Having said that, a guardian can make partial withdrawals from SSY account after the girl has reached the age of 18. The duration of a Sukanya Samriddhi Account is 21 years. When an individual opens an SSY account with one of these banks, they are provided with a passbook for the same. Like once you opened the account then you will be able to check the Account balance, Intrest rates and Safely make deposits online without visiting the Bank. This Passbook is a record of your deposit transactions and your details. He will also brief you on the necessary documents required for the transfer. If you have a daughter who is aged less than 10 years, it is best to sign up for a Sukanya Samruddhi Yojana Account. This account comes with an attractive rate of interest and multiple tax benefits like tax-free interest income and maturity amount as well as tax deductions under section 80C. Those holding Sukanya Samriddhi Account can transfer their accounts anywhere in India if they are re-locating, or feel they want to transfer SSY account from a post office to a bank or from one bank to another. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. The modes of deposit are either demand draft, cheque, or cash. Presence of the girl child during the transfer is not required. You are about to leave the HDFC Bank website and go to an external link. To avoid such scenarios, here’s how you can check your SSY account balance from time to time. The Sukanya Samriddhi Yojana HDFC Intrest Rates is no greater as compared to the interest rates of the other Financial institution. The bank executive will then hand you a new passbook which will state the outstanding balance from the previous account. You can check your SSY account balance from time to time using the account passbook that is available both online and offline, and has a record of your transaction details. So far,more than 20 banks have been authorized by the Government of India to open Sukanya Samriddhi accounts. On 23 July 2018, the criteria for minimum annual deposit for the Sukanya Samriddhi Yojana account has been revised to Rs.250 from the earlier amount of Rs.1,000. The account can be opened by parents or legal guardian on behalf of their girl children. Yes, partial withdrawal is allowed once the girl reaches the age of 18 years. The only drawback of the scheme is the limit an account can hold, which is curtailed to Rs.1.5 lakh. On 23 July 2018, the criteria for minimum annual deposit for the Sukanya Samriddhi Yojana account has been revised to Rs.250 from the earlier amount of Rs.1,000. HDFC Bank provides various missed call numbers to check account balance, mini statement, cheque book request, account statement and more. Opening a Sukanya Samriddhi Yojna Account, is easy. Yes, individuals can transfer their SSY accounts from Post Offices to banks and vice versa. Visit the bank you wish the account to be transferred to and submit the transfer application given to you by the post office executive. Online method: With the advent of digitalisation, the SSY balance can now be checked online as well through the account statements. 2. Authorised banks and post offices offer SSY Accounts. Sukanya Samriddhi Yojana calculator Before investing in this scheme, depositors can use the Sukanya Samriddhi Yojana calculator to know about the maturity amount at the end of the tenure. The account can be opened by a natural or legal guardian on behalf of a girl child, under the age of 10 years. Also, maturity benefits offered by the account is non-taxable. The steps mentioned below have to be followed to know the SSY account balance: For more information, Check out related articles Sukanya Samriddhi Yojana Calculator, Sukanya Samriddhi Yojana Age Limit, Sukanya Samriddhi Yojana Post Office & SBI Sukanya Samriddhi Account. Here are the steps you need to take to transfer an existing Sukanya Samriddhi account: With regard to taking loans against the Sukanya Samriddhi Account, like people do in other savings schemes such as the PPF and so on, taking a loan against SSY is not an option as of now. A fine of Rs.50 will be charged if the minimum amount is not deposited for the financial year. Step - 3: After logging in to the account, you can go to the homepage and check the balance there. You can also set it up online with the help of your NetBanking facility. The account provides a relaxation of 1 year for girl children born between the period of 2nd December, 2003 and 1st December, 2004.

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