This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at skukreja@investitude.co.in
It has been over a month now since the government launched the “Sukanya Samriddhi Yojana” on January 22nd. But, no authorised public sector bank has the details or the application form of this scheme till date to help investors open an account. Even the post offices are not providing the application form or the details of the scheme easily.
On behalf of the general public, I would like to ask the government why do we announce such schemes when we do not have the basic infrastructure to help those for whom these schemes are being launched? I know I’ll not get any reply, but I really want to know when will our governments or public sector offices start working in an efficient manner?
Why don’t we privatise our post offices, banks or such other public sector organisations which have been operating highly inefficiently for years and years now? If we cannot privatise these organisations due to political compulsions, why don’t we make them improve their efficiency levels?
Yesterday I posted various salient features of this scheme and today I received a few emails asking for the list of banks where this account can be opened. I also got queries asking for the application form to open an account. Here is the extract of one such mail.
Hello Mr. Kukreja,
I just read your article and your views over Pradhanmantri Sukanya Samriddhi Yojana. It was fabulous to read. Very clear and understanding information.
Actually i need a help or say favour from you. Am trying to get the Account Opening Form of above said scheme, but i didnt find any. Could you pls mail me the form of the same, so that without wasting any time i can proceed with the investment.
If you say that, collect from the post at nearby my residence, well sir i have inquired but they have none.
So its a kind request to you.
Overall thanks once again for your information and guidance.
Application Form for opening a Sukanya Samriddhi Account in a Post Office
To open an account under this scheme, the application form is still not available on the website of India Post. However, you can use this application form for getting your account opened with any of the post offices. I have downloaded this form from the website of India Post itself. Though this application form is still not updated, with ‘SSA’ missing on the top of this form, I have been told that the post offices will not refuse to accept this form.
However, here is one more link to the application form with which you can download the updated application form.
You can also print the application form from this circular of the Department of Posts, Ministry of Communications & IT, dated January 21, 2015. This circular also has the Notification No. G.S.R. 863(E) dated December 2, 2014, having all the rules & regulations of Sukanya Samriddhi Yojana. This circular has the application form on the 9th page.
List of Banks which have been authorised to open Sukanya Samriddhi Account
Here is the list of scheduled commercial banks which have been authorised to open accounts under Sukanya Samriddhi Yojana:
* State Bank of India (SBI)
* Bank of Baroda (BoB)
* Punjab National Bank (PNB) – Website Link – Contact No. – 011-25744370
* Bank of India (BoI)
* Canara Bank
* UCO Bank
* United Bank of India
* Andhra Bank
* Allahabad Bank
* Indian Bank
* Corporation Bank
* Central Bank of India
* IDBI Bank
* Dena Bank
Once these banks upload the application form on their respective websites, I’ll share the links to their forms in front of their names.
I am sure many of you must be facing difficulties in getting the required information about this scheme and also you would be in a hurry to open this account before the financial year ends. I would advise you to approach post offices as of now because some of the banks will take their own sweet time to get their branch personnel updated. I am sure you will get the option to migrate to the bank of your choice at a later date.
If you get any useful info/link regarding this scheme or have any of your good/bad experiences or any query, please share it all here.
Sir.
Mai sukanya account open krne k leya sbi bank manager se batt keya to manager ne bola hmare pass koe instruction nahe aya hai sukanya yogna k leya
So u please advise to me where i open
Account.
Thanks.
Aap post office mein ye account knulwa sakte ho.
Hello Mr. Kukreja….
I m Poonam from Gurgaon and I heard about the SSA scheme and I really liked it….. I have a question that in case after maturity period if something has happened with the girl then who would be given to the amount…. ?
Hi Poonam,
In that case, the balance amount will be given to the parents/legal guardian.
Sir, ye account kab se open kar sakte hain.
Post Offices mein ye accounts khul rahe hain.
Sir,
Can father and mother can open seperate scheme for the same child, that is can a same child have multiple accounts that is more than one opened by her parents… kindly reply me;
Thank you
No, it is not allowed.
Sir, Is this scheme is available for NRI account holders?.
It is still not clear, but most likely it will not be available for the NRIs.
Sir. I have opened my daughters account in post office three days back but pushpa bhawan new delhi-110062 is a manually hand written working post office. Can i changed my post office to another post office. What is the formality for this.
Yes, you can do that. Change procedure will be guided to you by the post office itself.
Dear sir my name is A venkateswarlu my daughter birthday is 20th Feb 2004 ,can I open SSA for her ,please send ur answer my email ,avenkatesh12678@gmail.com
Yes, you can get this account opened for her.
Sir pnb ya ubi m kabse khulna shuru ho jainge
Iski info abhi tak nahin hai hamaare paas.
Hi sir, first of all thank you so much for your useful information and guidance.
My query is I am basically from Chennai, but currently staying in Noida , sector49. In which palace I can open the account for my daughter plz advice. If it is Noida please provide me the information for near by post office to sector 49.
Thanks Jameela!
Sorry, we have no idea where in Noida you can open this account. You’ll have to contact somebody in your vicinity about it.
Hi Shiv great work dear. Can I open Sukanya Samriddhi Account online ???
Thanks Nisha,
No, online account opening facility is not there with this scheme.
Respected Sir
Sir agar maturity se pehle agar ladki ki death ho jati he to isme jama huyi amount kisko milegi, kyoke meine uper ek comment me padha ke isme nominee ki facility nahi he.
please give me reply sir.
In that case, the balance amount will be given to the parents or the legal guardian.
sir mai west bengal, durgapur 713206 ,me rahta hoon aur mai iss yojna ke bareme post office me bat kia to post office balo ne bataya ki ye yojna abhi tak aya nahi hai . hame konsa post office me jana parega please bataeye.
HI Shiv sir,
Sir pls details to sukanya samriddhi yojana pls sir
Please check this post, it has all the details – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
Great work Sir. No need to find anything else, anyone visit your blog. He will get the complete information about Sukanya Samriddhi Account definitely. Thank you so much for this great work.
You are welcome Nisha!
The same problem happens with me sir. I also tried to open an Sukanya Samriddhi Account in a bank near in Mumbai. They also told me that the procedure of account opening is not confirmed officially. What can I do now???
Just wait for some more time for these banks to start opening these accounts.
Thank you so much for giving complete information related to Sukanya Samriddhi Account.
Sir mari beti ki Dob.1.1.2008 hai.kya mai pura paisa 14sal ka ek sath jama kar sakta hu.plz tell me. One time.
Nahin, ye possible nahin hai. Aapko har saal minimum ek baar paisa deposit karna padega.
Hi….m from haldwani and my husband’s job is transferablein frequent period.if i open this account the monthly/ yearly premium amount will deduct from our account automatically or not? plz rep
Hi Banti,
I think the ECS facility is not there, but online transfer facility will be provided soon as & when the authorised banks start opening these accounts.
Sir meri beti abhi 5 year ki hai aur yadi me 1000rs per month jama karta hu to 14 year me 168000 rs jama ho jayege aur ladki ki age 19 year ho jayegi aur ladki ki marriage 19 year me hoti hai to rs kitne milege aur kab please replay
Aapke example ke according, aapki beti ko uski shaadi ke time approximately Rs. 3,39,874 milenge.
Hello Sir, the details given by u are very simple and understandable. from your calculated table; the maturity amount is fxed or fluctuated? expecting yr reply.
yours
santosh
frm Ambikapur
Maturity values given in the table are not fixed and dependent on many factors, including the rate of interest which would be variable and timing of deposits etc.