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.
Agar Hum 3000 rupees par month de to 21 years baad kitna hoga
Based on certain assumptions and 9.1% rate of interest, the maturity amount should approximately be Rs. 1,57,815 after 21 years.
1,57,815 or 1,578,153
sir
21 sallbad jo amount milega o tax free rahegs kya
Yes, tax-free hoga.
i have adout ssa
my doughter having 10year running it is possible to open a account or not.
Yes, it is allowed.
Agar mein 150000 rs invest karuo to kya mujhe har saal investment karna zaroori he
Yes, minimum Rs. 1,000 har saal invest karna zaroori hai.
Sir ma 12000 par year jama karwuga to mujay 21 saal baad kitane milage ??
Sunilji, maturity amount & 9.1% rate of interest fix nahin hai. But, based on certain assumptions and 9.1% rate of interest, aapko 21 saal baad approximately Rs. 6,31,260 mil sakte hain.
Why
agar main har saal 24000 deposit karuga toh 14saal baad kitna milega
Ye scheme 21 saal ke liye hai, 14 saal ke liye nahin.
calulate in tabular form of monthly investment of rs five ,ten and three thousands of a girl child born on 12/10/2005 under SSY w.e.f march 2015
Sir
Please clarify on the following 2 doubts..
*After operating the SSA in the Post Office for some time, can the accounts be transfered to public sector banks?
* Will online payments of savings be available in post office as well as in the banks?
Hi,
1. Yes, you can transfer your SSA account from post office to some other authorised bank branch.
2. I don’t think online payment system is there in the post office, but I am sure it will be made available with other authorised banks.
Meri bachika age 5 yer har sal my 50000 hajar diposit karuga tho 21sal ke bad kitna Ayega
Based on certain assumptions and 9.1% rate of interest, it should be Rs. 26,30,250 after 21 years.
Shiv Sir,
Kindly confirm about the deposit amount 1000/-rs in a month or in a year (Annually).
Hi Manoj,
It is once in a year and not monthly.
Dear
I have seen in website that some of nationalize banks are also opening that account. But today i asked in SBI, they said not yet received any information.
Dear Pramod,
Please wait for a few more days for the bank officials to get updated.
I call to SBM Rajarajeshwari Nagar Branchn Bangalore and Vijaya Bank-Trinity Circle Branch on 6th march 15 when i asked for sukanya a/c the bankers said what is it we do not have any information & notification regarding this.
I call to SBM Rajarajeshwri nagar branch and Vijaya Bank- Trinity Circle Branch on 6th march 15 when i asked for sukanya a/c the bankers said what is it we do not have any information & notification regarding this.
Please wait for a few more days for the bank officials to get updated.
please tell me the amount,if we pay every month 1000/- after 14 years how much amount that willbe.
This scheme is for 21 years and not 14 years.
Hi, Shiv
I hv one more query..
In AP earlier one scheme was lanched names as BANGARU THALLI for girl child.
Can I apply now for my daughter.
Hi Sreenath,
I’ve no idea about BANGARU THALLI.
sir i get the message from facebook., is that correct or wrong (((Important msg for those who have
girl child.. In Post Office a New
Scheme called ‘Sukanya samriddhi’
has started.. If ur daughter is below
10 years, u can join in this scheme.. U
have to pay Rs.1000 as deposit and
then monthly 100rs u have to pay till
her 21st age.. At the age of 21 u wil
get 6,50,000 ( Six Lakhs fifty
thousand) for her marriage.. Its a govt
scheme.. So make use of it.. Pls pass
to ur friends those who have girl
child.. This is only for girl child.. Get d
information from the nearby post
office.. 9.1% intrest compounded
annually…))))
Sir this scheme is useful for long term investment
It is not clear whether you are asking this or telling us. Please reframe it, if possible.
In uco bank when will the scheme introduced
Hi,
We have no idea when Uco Bank will start accepting these deposits.
Sir, i am living in mumbai. My mother enquired about this in my native place(kerala) so they were aware about this and give right directions … It requires baby’s birth certificate and adar card of the guardian and 3 pp photos. So as a grand mother she can open this account for my daughter..
And my question is, can i send money on this account from my sb account directly via ebanking or by cheques ? Pls help me with the possible easiest transfer method..!
Hi Justin,
Thanks a lot for providing info about photos & Aadhaar Card! Moreover, I think e-banking facility is not there as yet, so you can either send cheques to your native place or your mother can deposit cash also in the post office/bank branch.