How to Open Sukanya Samriddhi Account Online in Post Office

Nowadays, there are lots of banks that allow you to open a Sukanya Samriddhi Account, but the Post Office only provides the best services. As we know, every government document we receive through courier is sent to us with the help of the Post Office.

You may see a speed post sticker on the courier package which is pasted by India Post to send the courier to the destination in less time. India Post controls all the post offices in India which work for postal services. Apart from postal services, it also allows you to open a Sukanya Samriddhi Yojana account.

You can also open your Savings account in the Post office like other banks. The benefit of the Post office Sukanya Samriddhi Account is that it provides more safety and interest rates to the customers. If you want to open a Sukanya Samriddhi Yojana Account, read this post carefully to learn the process for opening a Post Office Sukanya Samriddhi Yojana.

Post Office Sukanya Samriddhi Yojana Account 2024

The post office has a Sukanya Samriddhi Yojana for the daughters of the people for their bright future. It isn’t easy to arrange lots of money at the time of providing higher education and marriage to girls. So, India Post allows people to open Sukanya Samriddhi Yojana accounts for their daughters.

You will be provided with tax exemption and high interest rates in the Post Office Sukanya Samriddhi Yojana Account. As a result, you will not face any kind of difficulties while providing education to your daughter.

We are going to share deep information about the Sukanya Samriddhi Scheme in this guide. Here, you will also learn the necessary things for opening a Sukanya Samriddhi Account online.

What is the Post Office Sukanya Samriddhi Yojana Account?

Sukanya Samriddhi Yojana is a savings account scheme which is started by the Central Government for the bright future of daughters. It provides more benefits and Tax exemption than any other savings account scheme.

People can get benefits of Sukanya Samriddhi Yojana only if they open an account before the age of 10 years of their daughters. You can invest a minimum of 250 rupees and a maximum of 1.5 lakh rupees in Sukanya Samriddhi Account. It also provides higher interest on the deposited money which is almost 8%.

Sukanya Savings Account is operated by the guardians. There are many benefits of opening an account with Sukanya Savings Scheme like you don’t have to pay tax on the deposited amount. This account can be operated till 21 years of age or after 18 years of the marriage of the daughter. You can also withdraw 50% of the deposit amount for the higher education of your daughter.

Important Details of Sukanya Samriddhi Yojana

Interest rate	8% per annum
Amount of investment	Minimum – Rs. 250, Maximum Rs. 15 lakh per annum
Maturity amount	Depends according to invested amount
Maturity period	21 years

Highlights of Post Office Sukanya Samriddhi Account

Project Name	Sukanya Samriddhi Yojana
Scheme Started by	Central Government
Beneficiaries	Daughters of the country
Scheme Objective	To provide a bright future for daughters
Post office’s official website	www.nsiindia.gov.in

What are the Eligibility Criteria for opening the Post Office Sukanya Samriddhi Account?

There are some eligibility criteria that you have to fulfil or complete for Sukanya Samriddhi Yojana Apply.

The age of the Daughter should be 10 years old or less to get the benefits of the Sukanya Samriddhi Scheme. The guardian’s presence is necessary while opening the Sukanya Samriddhi account.
You can open a new account with Sukanya Samriddhi Yojana in any bank or post office. But among all of them, the Post office provides more interest on the deposited amount under this scheme.
Sukanya Samriddhi Account is necessary to operate until your daughter turns 18 or 21 years old.
After your daughter turns 18, you can withdraw 50% of the deposit amount.
If there are more than 2 daughters in your home, then any 2 daughters must be twins, so that you can get the benefits of the Sukanya Samriddhi Yojana for your 3 daughters. In most cases, you can open a Sukanya Samriddhi account for 2 daughters only.
When you open a Sukanya Samriddhi Yojana Account in a bank or post office, then you cannot open this account again in another bank or post office. If you still open a new Sukanya account, then the first account will be suspended.

Documents Required for Sukanya Samriddhi Scheme Account

You have to arrange some necessary documents if you want to open a savings account under the Sukanya Samriddhi scheme. We have listed below the documents that are necessary for the Sukanya Samriddhi Account.

Birth certificate of daughter
Passport
Guardian proof
Aadhar Card
PAN Card
Voter ID
12th pass educational certificate
Address proof of Guardian (Electricity bill, Telephone bill, Driving License, etc.)

What are the benefits of the Post Office Sukanya Samriddhi Savings Account?

When you open a savings account in a post office under the Sukanya Samriddhi Scheme, you will get a lot of benefits.

There are some useful benefits of the Sukanya Samriddhi Account.

If you open a savings account under this scheme, then there will be no tax applicable to this account.
Under this scheme, you will get amazing and useful services and the best interest rate.
When you open your daughter’s Sukanya Samriddhi account in the post office, then the maturity amount given to daughters is also a main benefit.
The minimum yearly deposit for Sukanya Samriddhi Yojana is 1000 rupees. You can also deposit more than 1000 rupees in the Sukanya Samriddhi Account if you want.
This scheme helps to get the required money at important times for the daughter’s education and marriage.

What are the features of Sukanya Samriddhi Yojana?

These are some essential features of the SSY Account.

The account can be operated by the guardian or parent till the girl attains the age of 10 years old
The account should be operated by the girl after she reaches the age of 18 years
In this account, the minimum deposit limit is Rs. 500 and the maximum deposit limit is Rs. 1.5 lakh.
The maturity period of the SSY account is 15 years.
The account can be easily transferred from post office to bank and similarly from bank to post office without any charges. However, proof of address change is required. If there is no address proof, then the charge of Rs. 100 will be levied.
The amount in the SSY account can be deposited through online transfer, cheque, demand draft or cash.

How much is the Post Office Office Sukanya Samriddhi Scheme Interest Rate?

The interest rate of Sukanya Samriddhi Yojana was first 8.4% and then later decreased to 7.6%. You can withdraw money from this account after the maturity period.

If a girl or woman becomes an NRI or moves to another country, then no interest rate will be provided on the Sukanya Samriddhi Account. The government declared the interest on the basis of 3 months for this account.

Sukanya Samriddhi Yojana Interest Rate

Duration Period	Interest Rate (%)
April 2023 to June 2023	8%
April 2020 onwards	7.6%
1 January 2019 to 31 March 2019	8.5%
1 October 2018 to 31 December 2018	8.5%
1 July 2018 to 30 September 2018	8.1%
1 April 2018 to 30 June 2018	8.1%
1 January 2018 to 31 March 2018	8.1%
1 July 2017 to 31 December 2017	8.3%
1 October 2016 to 31 December 2016	8.5%
1 July 2016 to 30 September 2016	8.6%
1 April 2016 to 30 June 2016	8.6%
From 1 April 2015	9.2%
From 1 April 2014	9.1%

Who can apply for the Post Office Sukanya Samriddhi Account?

Any Indian Citizen can open a Sukanya Samriddhi Yojana Account for their daughter. There is no restriction for Sukanya Samriddhi Yojana to apply. The Government of India started this scheme to create a better and brighter future for girls. Guardians of the girl can use the amount of this scheme to provide better education for their daughters.

The maturity amount of this scheme also helps guardians with the marriage of their girls. The parents had a young girl under the age of 10 years old can open the Sukanya Samriddhi Account for their daughter.

The government provides high interest to the girl whose name this Sukanya account is opened. The Sukanya Samriddhi scheme is started by the government to provide discounts. It encourages people to make sure that their daughters will not face any problems in their education. So, every Indian citizen can open a Sukanya Samriddhi Yojana Account for their daughters and can get lots of benefits.

What is the Sukanya Samriddhi Yojana Calculator?

By using the Sukanya Samriddhi Yojana Calculator, customers can get an estimate of their investment plan for the Sukanya Samriddhi Yojana scheme.

In this calculator, you have to enter the investment amount and interest rate for a year and then it will give you the data about maturity period and maturity amount.

Tax Benefits in Sukanya Samriddhi Yojana

These are the tax benefits in Sukanya Samriddhi Yojana account:

The tax benefits of max. Rs. 1.5 lakh will be provided to the account holder under Section 80C of the Income Tax Act, 1961.
There will be no tax applicable on the interest amount generated in the SSY account.
The maturity amount and withdrawal amount will also be free from tax.

How to Open Sukanya Samriddhi Account?

By following the steps below, you can easily open a Sukanya Samriddhi Yojana Account for the better future of your daughter.

Visit your nearest bank or post office and request a Sukanya Samriddhi Account application form.
Fill out the form carefully and attach the necessary documents.
Submit the form and pay the initial deposit amount which can be around Rs. 250 to Rs. 1 lakh.
After that, the bank or post office will verify your application and payment. When the details in the application form are found correct, the Sukanya Samriddhi Account will be opened with the name of your daughter.

How to open a Sukanya Samriddhi Yojana Account in the Post Office?

Visit your nearest post office.
Request an application form for opening a Sukanya Samriddhi Account.
Fill in the required details in the form and enter your account number if you are a post office savings account holder.
Now enter the details of the post office branch and postal address.
Paste the photograph of the applicant.
Now enter the name of the applicant and choose option “Sukanya Samriddhi Yojana”.
Next, provide details under ‘Account Type’ and ‘Account Holder Type’.
After that, enter the amount you want to pay after the account is created.
Enter other details like Aadhaar Number, PAN, Gender, address, etc.
Now provide other necessary details and then submit the form to the Post Office.
After some days, the SSY account will be created for the applicant.

Sukanya Samriddhi Yojana Account Opening Form

If you want to open a Sukanya Samriddhi Account for your daughter, then we are going to share the application form below. You can download the form and fill it out by entering the necessary details. After that, you can submit it to your nearest bank or post office where you want to open this account.

Sukanya Samriddhi Yojana Application Form Download Now

How to pay SSY amount Online

These are the steps by which you can pay for an SSY account online.

Open your mobile phone and download the IPPB app on it.
Add some money to your IPPB account.
Now login to your IPPB account and select ‘Sukanya Samriddhi Yojana’.
Next, mention the SSY Account number and customer ID.
Now, enter the amount you want to pay and choose the duration.
After successful payment, you will get a notification on the mobile number registered with your SSY Account.

How to Start Closed Sukanya Samriddhi Yojana Account again?

Nowadays, lots of people are opening Sukanya Samriddhi Accounts, but they are unable to activate these accounts. As a result, their accounts get closed by the banks or post office after some time. As we know Sukanya Samriddhi Scheme is launched by the Government of India to provide financial growth to daughters. So, we have listed below the process to activate the closed Sukanya account again.

The daughters get a high interest rate on the amount deposited by their guardians in the Sukanya Samriddhi Account. There are lots of people who left depositing money in this account which gets deactivated after some time. So, they are looking for ways to activate their account again with the help of an easy process.

If your Sukanya Samriddhi account is deactivated, then you have to check for how much time your account is activated.

The amount you need to pay to activate the deactivated Sukanya Samriddhi Account

Let’s assume that you have opened Sukanya Samriddhi Yojana for depositing Rs. 250 per year and it has been deactivated for 5 years. So, you have to deposit money with a penalty of Rs. 50 per year and also Rs. 250 every year. If we calculate this, your total penalty of years will be Rs. 250 because of the Rs. 50 penalty for 5 years.

Your total amount according to Rs. 250 for 5 years will be Rs. 1250. So, if we add both 1250 and 250, then the total amount according to your account’s deactivation period is Rs. 1500. You have to pay Rs. 1500 in your bank or post where you have opened a Sukanya Samriddhi Account for your daughter. After depositing the money, your account will activate after some days.

Withdrawal Rules in Sukanya Samriddhi Yojana

These are the withdrawal rules in the Sukanya Samriddhi Account.

After the maturity period is completed, the girl child can withdraw the deposited amount in the Sukanya Samriddhi Yojana Account including the earned interest amount. To withdraw money, the girl child needs to submit some necessary documents such as an amount withdrawal application form, Address Proof, ID Proof, and government-approved documents.
The amount can be withdrawn for the higher education of a girl child if she has reached the age of 18 years and passed 10th standard.
Some documents for admission to university or school such as fee receipts are required at the time of application for withdrawal.
The 50% of the amount which is available in the account in the previous year can also be withdrawn. It can be withdrawn in 5 instalments.

What are the rules for Premature withdrawal in an SSY Account?

There are some rules for Premature withdrawal from Sukanya Samriddhi Account.

The guardian of a girl can do premature withdrawal if their daughter attains the age of 18 years old and gets married. The guardian needs to submit the application and documents of the girl one month after marriage and also after 3 months of marriage.
The SSY account of the girl can be closed if the girl becomes a non-resident of India and her guardian doesn’t inform the status.
If the girl child causes death because of some reason, the guardian can withdraw the amount deposited in the account after submitting the death certificate of her daughter.
If the bank or post feels some problem in the account which is creating difficulties for the girl child, then the guardian can choose for account closing.
The interest rate earned from the contributions will be the same as the interest rate provided by the post office after the closing of the account.

How to transfer Sukanya Samriddhi Yojana Account from post office to Bank?

These are steps which you can follow to transfer SSY account to a bank from post office.

Visit post office branch in which the account of the applicant is opened with
Talk with PO executive about the transfer of SSY account.
Get an account transfer form and mention the necessary details.
Submit the KYC documents and passbook with account transfer form.
After that, the PO executive will close the SSY account upon your request.
Next, visit the bank branch in which you want to get SSY account transferred.
Fill the account transfer form and submit it with KYC documents.
After that, the bank will open a SSY account and provide a new passbook to the account holder.

Details mentioned in the Passbook of SSY Account

When the SSY account Get opened, the applicant Receive a passbook. In this, some details such as account opening date, date of birth of girl child, account number, name, address and the deposited amount will be mentioned.

This passbook is necessary to keep while depositing money, withdraw interest amount and closing of SSY account.

Which bank offers Sukanya Samriddhi Account?

United Bank of India
State Bank of India
UCO Bank
Punjab National Bank
Oriental Bank of Commerce
Indian Bank
Canara Bank
ICICI Bank
Indian Bank
Corporation Bank
Axis Bank
IDBI Bank
Central Bank of India
Bank of Baroda
Andhra Bank
Bank of Maharashtra
Indian Overseas Bank
Punjab and Sind Bank

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Conclusion

From this guide, you know about the Sukanya Samriddhi Yojana Account which is a good initiative by the Government of India to provide a better future to girls. It is very hard to arrange a high amount of money at the time of higher education and marriage. So, Sukanya Samriddhi Scheme helps to get that money with a higher interest rate after the maturity period.

Any Indian Citizen can open a Sukanya Samriddhi yojana account for his or her daughter the age of fewer than 10 years. The people can start this scheme by depositing Rs. 250 per year and they can deposit up to Rs. 1.5 lakh rupees. If your account gets activated then you can get it activated again by depositing the penalty and remaining balance which need to be deposited according to the deactivation period.

I hope you enjoyed this post and got valuable information about Sukanya Samriddhi Yojana. If you have any suggestions or queries, then mention them in the comment section.