Sukanya Samriddhi Account/Yojana is a Small Savings Special deposit
Scheme for girl child. This scheme is specially designed for girl’s higher
education or marriage needs.
Highest fetching interest scheme across all schemes.
The
Scheme launched for the welfare of the girl child, to save and educate the girl
child.
·
Who can open the account? – Sukanya Samriddhi a/c (or Khata) can be opened
on a girl child’s name by her natural (biological) parents or legal guardian.
·
What is the Age limit? – SSA can be opened in the name of a girl child
from the birth of the girl child till she attains the age of ten years.
·
How many accounts can be opened? – A
depositor may open and operate only one account in the name of same girl child
under this scheme. The depositor (or) guardian can open only two SSA accounts.
There is one exception to this rule. The natural or legal guardian can open two
or three accounts if twin girls are born as second birth or triplets are born
in the first birth itself.
· How to open a SSA account? Accounts
in name of the girl child can be opened in post offices or in any branch of a
commercial bank that is authorized by the Central Government to open an account
under this scheme rules.
·
What is the minimum deposit to open the
account? – The account may be opened with an initial deposit of
one thousand rupees. The minimum contribution in any financial year is Rs 1000.
Thereafter the contributions can in multiples of one hundred rupees.
·
What is the maximum deposit amount? – a minimum of one thousand rupees shall be
deposited in a financial year but the total money deposited in an account on a
single occasion or on multiple occasions shall not exceed Rs 1.5 Lakh in a
financial year.
·
Deposits in an account may be made till the child
completes fourteen years, from the date of opening of the account.
·
Is there any penalty? –
If minimum (Rs 1000 pa) amount is not deposited, the account will be treated as
an irregular account. This can be regularized/renewed on payment of Rs
50 per year as penalty. Along with this, the minimum specified
subscription for the year (s) of default should be paid.
·
What is the mode of deposit? – The deposits in Sukanya Samruddhi
scheme can be made in the form of Cash or Demand Draft or Cheque.
Where deposit is made by cheque or demand draft, the date of encashment of the
cheque or demand draft shall be the date of credit to the account. The cheque
or DD should be drawn in favour of the postmaster of the concerned post office
or the Manager of the concerned bank.The depositor (parents or guardian) has to
write the account holder’s name (child’s name) and the account number on the
backside of the instrument.
·
What is the Rate of Interest on Sukanya
Samriddhi Account? – The applicable rate of interest on
SSA for the financial year 2014-2015 is 9.1%. This is one of the highest rates
of interest offered by Government on small savings scheme
