How to Open Sukanya Samriddhi Yojana Account in SBI

How To Open Sukanya Samriddhi Yojana Account In SBI?

By Hema CENTRAL GOVERNMENT, Government

The SBI Sukanya Samriddhi Yojana scheme was initiated to build a corpus for every girl child for her future expenditures backed by the government of India. As per the SSJ scheme, a parent/guardian can open an account in SBI for the betterment of the girl child in her education or other expenses. The most important thing about the SSJ scheme in SBI is that it provides income tax benefits under section 80c to the account holder for an amount up to Rs. 1.5 Lakhs. SSJ helped the parents to inculcate the habit of savings for their daughter which also in turn helped to improve the female ratio in the nation.

Eligibility Criteria To Apply For Sukanya Samriddhi Yojana Account in SBI

Let’s discuss the eligibility criteria for opening an account of SSJ in SBI:

Parents with a girl child or legal guardian can open the SSJ account in the name of their girl child below 10 years.
Only one account can be opened by the depositor in the name of their girl child under the SSJ scheme in SBI.
It is possible to open two accounts for two girl children of yours and a third account in case of the birth of twins or triplets.
Initial deposit should be made with a minimum of Rs.250 and a maximum of Rs. 1.5 lakhs.

What are the Steps to Follow In Order to Open Sukanya Samriddhi Yojana Account in SBI?

Following are the steps to be noted if you are planning to open an SSJ account in SBI:

You can directly walk into the nearest branch of SBI to open your SSJ account.
Parents or guardians can open a Sukanya Samriddhi Yojana account in SBI by filling out the SSJ account opening form.
Address proof and necessary ID proof such as Aadhar, PAN details, passport has to be submitted by the parents or guardians.
An initial payment of Rs 250 can be deposited to open the SSY account in the SBI branch.
As of now, there is no possibility of opening an account online but funds can be transferred online using SBI net banking by adding an SSJ account as a beneficiary.

Vital Documents Needed to Open a Sukanya Samriddhi Yojana SBI

The documents needed to open a Sukanya Samriddhi Yojana account in SBI are

Account opening form for the SSJ scheme in SBI.
Birth certificate of the beneficiary, and form SSA-1.
Address proof of the beneficiary’s parents or guardian such as driving license, electricity bill, and telephone bill.
ID proof of the beneficiary’s parents or guardian such as a PAN card, or Aadhar Card.

All the necessary documents need to be taken along while visiting the bank branch.

Complete Step-by-Step Guide to Open an SSY Account:

SBI provides a hassle-free process to open a Sukanya Samriddhi Yojana account with them even if you don’t have an account with SBI.

The following are the steps to be followed while opening an SSY account with SBI

Visit your nearest SBI Bank branch.
Carry the following documents along with you to the bank.
Birth certificate of the girl child, photo ID of the parents or legal guardian, address proof of the parents or legal guardian, and photographs of the parents and the child.
The first step in the bank is to fill out the account opening form that will be given to them.
Submit all the documents along with proofs as well as your photograph.
Cash can be deposited to open the account with a minimum of RS.1000
After the opening of the account, you can deposit the further amount by cash, cheque, or demand draft.