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.
Form kab take mil sakte hain
Forms to mil rahe hain, but account nahin khul pa rahe hain. Ye hai form ka link – https://drive.google.com/file/d/0BxqJlviiJLfgSFl5ZTEtcXl3WU0/view
Dear sir mera and meri daughter ka a/c IDBI Bank me hai ‘meri daughter ka age 9year 11month hai . Bank ka kahna hai Ki hum a/c 1month ke bad hi khol payenge . pls reply kya karna hai.
Agar aapko IDBI Bank mein hi account khulwana hai to ek mahine wait kar leejiye, nahi to post office mein khulwa leejiye.
sir if I deposit 100000/- yearly an my child born 15jan 2007 what and when amount we got for my child
Hi Sujit,
Please check this post – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
It would be approximately Rs. 52,60,508 after 21 years from the date of opening this account.
Dear Kukreja ji
visited state bank of india rohini sector-18 delhi branch today for opening of account under the above scheme for my daughter and the bank tells me that they have not received information as to how to open account under this scheme.
any advice as to how to open the account in the bank
or any redressal mechanism.
thanks for the nice article
regards
dr manoj
Thanks Dr. Manoj,
I think you have two options, either wait for the banks to start opening these accounts or open an account with a post office right now and later on migrate it to a bank. So, if you are in a real hurry to open this account, opt for the second option.
thanks kukreja ji for your reply
i will wait for the bank to start opening accounts.
however i also wrote email to cabinet ministe menaka ji through official website of ministry of women and child development citing difficulties faced by common people like us.
ground work by ministries need to be done placing standard operation procedure before making announcement.
i can sending you a copy on your email address skukreja@investitude.co.in
thanks again
dr manoj
Oh that’s great, thanks!
meri ek beti hey jiski umar 10year8thmonthhey kay mian sceam maiy invest kar sakta hui
Agar aapki beti December 2, 2003 ke baad born hui hai, to aap is scheme mein invest kar sakte ho.
Hello sir. I am interested suknya dev yojna my 3 doughter..I am investment sheme..plz contact me .8690910547. Thanks.
I have also posted an article having a sample duly filled application form, please check – http://www.onemint.com/2015/03/12/sukanya-samriddhi-yojana-sample-filled-application-form/
Sir
In the SSA openning form, serial no. 9 (ii) Date of majority. What does that mean? Majority or maturity? Plz clarify on that.
It is the Date of Majority. As it is a common application form for various Post Office scheme like MIS, RD, TD etc., there is separate space for a minor’s details. But, as SSA is a scheme for minors only, it will be applicable for all. Date of Majority will be 18 years from the Date of Birth.
sir. even post office in u.p don.t no about the scheme.
It is disappointing.
Meri 3 betiya h jinki age 4years; 6years; 9years h hum up ke h agar hum 3000 per month jama karte h to mume kitna melega
Aapko approximately Rs. 18,75,914 maturity amount milega after 21 years.
Aadhar card of whom? I m in madurai whether I can open an account in my moms place using my madurai address. Or shalli use my moms address as guardian
Yes, you can do both.
sir My daughter is birth 01.12.2003. Sir can I open SSA account in post office pls tell me .
Hi Aaditi,
No, your daughter is not eligible to open this account.
Pls upload application form
Hi Amresh,
I’ve already finished my work on the post with a filled application form. You can check the post here in the morning tomorrow.
Hi,
Can you please upload the filled application form, it will be more helpful to me.
Thanks,
Zak
Hi Shaily, Hi Zak,
I’ve already finished my work on the post with a filled application form. You can check the post here in the morning tomorrow.
Can you please upload the filled application form for better understanding
Dear sir,agar per year 1000 deposite karu to 21 yrs main kitna milega aur per month 1000 deposite karu to 21 yrs main kitna milega
Hi Rajesh,
Please check this post to find the maturity value after 21 years in both the situations – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Dear Sir,
Today I am open Sukanya Simariddhi Account for My daughter kindly tall me the Sukanya Simriddhi Account or Sukanya Simriddhi Yojna there are deffrant or same account.
Thanks,
Regards,
Ram Gopal Maurya
Dehra Dun
These are the two different names of a single scheme.
I want to know actual date open sukanya samriddhi account in bank plz rply from guwahati
From when we can open sukanya samriddhi account in bank ,i want to know actual date plz rply from guwahati
Even we don’t know the exact date from which the authorised banks will start accepting the application forms for this scheme.
Dear Mr Kukreja,
I want to open SSA for my daughter, she is 9 yrs old. Kindly give clarity on below points:
1. If I open account in this march with 50k, will I get the interest for this financial year 2014-15 on 50k
2. As no bank has any information about this scheme can I migrate this account from post office to SBI.
3. As my daughter is 9 yrs old and according to the scheme we have to deposit till 14 yrs and by the time account will mature she will be 30 yrs. If she gets married before that time can we withdraw the whole amount.
Regards,
Tahir Saifi
Dear Mr. Tahir,
1. It is still not clear how the interest would get calculated in this scheme. But, assuming interest calculation is like PPF, you would not get any interest for the month of March.
2. Yes, you can migrate this account later on from post office to an authorised bank branch.
3. It is mandatory to withdraw the amount and close this account whenever your daughter gets married, whether she gets married at the age of 19 or 22 or 25 or any other age, but not beyond 21 years from the date of account opening.