Sukanya Samriddhi Yojana – Updated List of Authorised Banks to Open an Account, Specimen Application Form & Passbook

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

RBI on March 11 issued a Circular to the authorised commercial banks to start observing the rules and regulations of Sukanya Samriddhi Yojana as per the Government of India Notification dated December 2, 2014. This circular has been marked to the Chairman & Managing Directors (CMDs) and Managing Directors (MDs) of some of the commercial banks operating in India.

These banks include most of the public sector banks, including State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) and a few private sector banks also, including Axis Bank and ICICI Bank.

RBI has instructed these banks to approach Central Account Section, Reserve Bank of India, Nagpur for necessary arrangements to report Sukanya Samriddhi Account transactions with immediate effect. I think it means the RBI wants these banks to start opening accounts under this scheme without any further delays and the subscribers will not have to wait more to open their accounts. They can now approach these authorised banks to open an account.

Though it is still not clear if only these banks would act as the agency banks to open accounts under this scheme or some other banks would also join in, but it seems the following 28 banks would definitely be among all those banks authorised to open Sukanya Samriddhi Accounts (SSA).

Updated List of Banks to Open Sukanya Samriddhi Yojana Accounts

  • State Bank of India (SBI)
  • State Bank of Patiala (SBP)
  • State Bank of Bikaner & Jaipur (SBBJ)
  • State Bank of Travancore (SBT)
  • State Bank of Hyderabad (SBH)
  • State Bank of Mysore (SBM)
  • Allahabad Bank
  • Andhra Bank
  • Axis Bank
  • Bank of Baroda (BoB)
  • Bank of India (BoI) – Branches; Contact – 022-40919191 / 1800 220 229
  • Bank of Maharashtra (BoM)
  • Canara Bank
  • Central Bank of India (CBI)
  • Corporation Bank
  • Dena Bank
  • ICICI Bank
  • IDBI Bank
  • Indian Bank
  • Indian Overseas Bank (IOB)
  • Oriental Bank of Commerce (OBC)
  • Punjab National Bank (PNB) – Website Link; Contact – 011-25744370
  • Punjab & Sind Bank (PSB)
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank

RBI also issued a specimen of application form and the passbook for opening an account under this scheme. Unlike the post office application form, this application form would be applicable just for this scheme only.

Here you have the specimen of the application form which the authorised banks/post offices will be using for opening Sukanya Samriddhi Accounts – Application Form

494SSAC110315_A3

Also, here you have the specimen of the passbook which the authorised banks/post offices will be issuing to the parents/legal guardian of the girl child – Passbook

You can also refer to the following posts for the complete details about this scheme:

Sukanya Samriddhi Yojana – Tax-Free Small Savings Scheme for a Girl Child

Sukanya Samriddhi Yojana – Application Form & List of Banks to Open an Account

Sukanya Samriddhi Yojana – Calculating Maturity Value after 21 Years

Sukanya Samriddhi Yojana – Sample Filled Application Form

If any of you have anything to share or ask about this scheme, please let us know.

333 thoughts on “Sukanya Samriddhi Yojana – Updated List of Authorised Banks to Open an Account, Specimen Application Form & Passbook”

  1. Dear Sir,
    can we open the account in any post office/banks in the city or dedicated po/banks are providing this scheme like the same NPS account opening?

    thnks

    1. Hi Pawan,
      I think all of the post offices, but only authorised banks, are opening these accounts. Moreover, most of the banks have still not started opening these accounts.

  2. Hello sir
    meri beti 1 saal 8 mhine ki h …. m apni beti ka account ssy m kholna chati hu …pr muje smj nhi aa rha h ..ki hme kitne rupe bhrne h …. saal m ..or .eska kya ..fayda hogs …mene 1 paper m pda ki ..1 saal m 1000 rupe bhrne h ..orr 14 saal m 14hjaar bhrne h …or 21 saal bad .. 6 lakh …milenge ..aap clear kroge ..pls ..ki kese kya .scheme h … or hm south delhi m rhte h ….. kya yha pr suru ho gya h .post office m ..ssy acc

    1. South Delhi ke post offices mein ye scheme shuru ho gayi hai. Aap Lodhi Road post office mein ye khol sakte ho. Is scheme mein aapko 14 saal tak kam se kam Rs. 1,000 deposit karne hain. 21 saal baad aapko paise milenge interest ke saath. But, Rs. 6 lakh ki figure galat hai aur agar koi bhi aapko 21 saal baad Rs. 6 lakh dene ki baat kehta hai, wo aapko misguide kar raha hai.

  3. plz notify me when we can open SSY account in oriental bank or state bank of india or state bank of hyderabad
    thanking u.

  4. sir
    The SSY list has increased and annoused all the post offioce. But there is no news from when post office in west bengal (durgapur 713206,) will starts opening SSY account.
    so please confirmed where we are go

    1. Hi,
      You should wait for a few days more for your post office to start opening these accounts. Many post offices have started opening these accounts, while some are still not acting. This scheme is here for an indefinite time, so please be patient.

  5. I am having 3 months daughter I am interested in this Scheme. But I still not clear about how many years I have to pay installments. Some PO saying complete 21 years of age, some saying 14 years & then we have to keep total amount in FD to double till 21 yrs of daughter, then we can get that much amount.
    Can you please clear.

    1. Hi Nitin,
      You need to deposit money for 14 years from today and the scheme will mature in 21 years from the date of opening of account or whenever your daughter gets married, whichever is earlier.

  6. Sir, I have 2 daughters, elder is 16 yrs old and younger is 11 yrs.old. Can I open SSY account for them now? Pls reply

  7. i have open my child new account for post office but online transaction problem link for sbi bank with any banks ?

    1. Post offices don’t offer online transfer facility. You would be able to migrate your account to a bank in a few days time. SBI will offer online transfer facility, but I think SBI hasn’t started opening these accounts as yet.

  8. Hi Shiv,
    My daughter is 2 years old and a US citizen by birth. Can I avail the benefits of this scheme for her ?
    Thanks,
    Gaurav

    1. Hi Gaurav,
      As post office small saving schemes don’t allow NRIs/OCIs/PIOs to invest, I think it is highly unlikely that your daughter would be eligible. But, it is still not 100% clear. I would suggest you to wait for some more time to get further clarity in this matter.

  9. Please note that i am putting 1.5lacs in my PPF. My query is, can i continue my PPF and can invest in SSY scheme both? The investment is not for purpose of 80C benefit but it is mainly to reduce taxable interest income.

  10. Dear sir
    What documents we need after (21 year)completion of ssy scheme to withdraw and who will get the maturity amount the child or guardian

    1. Dear Manish,
      It is still not clear what would you require to submit to withdraw money after maturity period of 21 years, but I think a declaration from the girl child would be enough for her to withdraw the amount. If not that, I think probably a copy of wedding invitation card or marriage certificate would be required.

  11. I am residing in East Delhi krishna nagar area in our locality no bank/branch is ready to open the SSY account what should I do

    1. Hi Ankit,
      It is very disappointing that these banks/post offices are taking it so long for providing services for this scheme. Even after the RBI notification, they are not acting to open these accounts. I think you should wait for a few days more for them to start opening these accounts. Nothing can be done about it.

  12. Hello sir
    Is deposits made under SSY before 31 March 2015 will be applicable for tax benefits for year 2014-15?

  13. If I open a Sukanya Samriddhi Yojana in any Bank, Can i transfer money online to Sukanya Samriddhi Yojana account?

  14. Dear Sir/ Madam
    No information in all bank in Ghaziabad , I hving one daughter I have opened account for SSY
    Regards
    Mahender singh
    9953474595

  15. Hi Shiv..thanks of the information.

    m hving two daughters 10 n 6 yrs old…iI hv opened ssy acct fr noth…n will mk saving @12000 per annum per account…ccn u tell me hw much amount I will get on maturity..

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