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.
Dear Sir,
The clause about ’14 years’ is not clear. Is it that we can invest till the girl attains 14 years of age or we can invest for 14 years from the date of opening the account.
And what if the girl child is 10 years old when opening the account? Can we invest 5 years only or till she attains 21?
Regards,
Swaminathan
Hi Swaminathan,
14 years or 21 years has nothing to do with the age of the girl child. You need to invest for 14 years from the date of opening this account. Similarly, you can withdraw the balance amount after 21 years from the date of opening this account or whenever your daughter gets married, whichever is earlier.
Thank you so much for the quick reply. It helps. May God bless you.
Regards,
Swaminathan
Thanks a lot for your blessings! 🙂
I hv gt a form from post office in karkardooma… Bt its a different form which is dere in the net.. I m confused n i dnt knw hw to fill it
Are you sure you have got the correct form? Please check this post, there is an updated form for this scheme which the RBI has issued on March 11 for all the banks & post offices – http://www.onemint.com/2015/03/16/sukanya-samriddhi-yojana-updated-list-of-authorised-banks-to-open-an-account-specimen-application-form-passbook/
Agar smy se phle bachhi ki death ho jaye to sir
In that case, balance amount parents/legal guardian ko mil jaayega.
meri ak beti hai aur uska umar 14 saal hai tho yojana lagu ho ga ki nahi.
Nahin, aapki beti eligible nahin hai.
SSY
perants living in delhi but not having any id proof of delhi can open this account but daughtr having birth certificate frim delhi ?????eligible or not ??
Yes, the girl child is eligible for this account.
ssa
perants living in delhi but not having any id proof of delhi can open this account but daughtr having birth certificate frim delhi ?????
eligible or not ??
meri beti ka birth 12/11/2004 hai jo 10 age hai kya mai apni beti ka account sukanya dev yojna mai khulwa sakta hu ?
Yes, aap apni ka account khulwa sakte hain.
Sir.
Kya meray bank account say automaticly uojna may peysa jama hojayega ?
Abhi tak automatic transfer ki facility nahin hai.
Sir
Actually I want to known is it sure return or theft my cash like cheat funds.mob no-9853643719
It is a government scheme, so no cheating. But, you should get this account opened yourself. Do not trust any individual with cash or cheque.
Sir,
Me account open kiya 15 tarikh ko monthly schme me,
2nd install mereko wohi 15 ko ya kaunsa tarikh ko bharna he?
Install dene me late ho gayi to kya fine lagegi.
Hi Suryakanta,
Aapko is account mein har month paisa deposit karna zaroori nahin hai. Saal mein ek baar bhi deposit karne se chalega. Agar saal mein ek baar bhi deposit nahin karte to Rs. 50 penalty deni hogi.
Sir SSY account sirf ladakiyon ke liye hai kya future me ladako ke liye kuch yojana aane wali hai?
Iska answer Finance Minister de sakte hain, mujhe iske baare mein unhone kuch nahin bataya.
🙂
I WANT TO OPEN SSY PLAN IN BANK OF BORADA THROUGH ONLINE ,CAN IT POSSIBLE.IF YES THEN TELL ME HOW I GET APPLICATION FORM
It will be possible as & when Bank of Baroda starts opening these accounts. They have not yet started giving the application forms.
mera ppf account Bank of india me hai. kya mai sukanya samruddhi yogana same bank me open kar sakta hu kya?
Iski jaankaari aapko bank se hi leni padegi.
Sir meri beti ka birth-jan-2015 me hua hai kya mai apni beti ke nam se a/c open karwa sakta hun
Yes, aap apni beti ke naam se ye account open karwa sakte hain.
Sir,
My daughter was born on 3 jan,2005 i.e. she is now 10+ . So , am I eligible to open SSY account?
Hi Sanjay,
Yes, your daughter is eligible for this account as she was born after December 2, 2003.
Pl. Let me know if Bank of Baroda, Thane(west) branch is nominated br. for Sukanya S.Yojana or any other nearby br. ?
We have no idea about it.
sir, can I open an account with flexible amount? or its like normal RD? ie if I started with 1000 in monthly scheme , in next month can I deposit rs2000? or only 1000?
Monthly deposit is not required, you can make a yearly contribution as well. But, if you want to make monthly contributions, it could be any amount.
My daughter has 1yr l want to take this scheam 2 time per anamum
Your query is not clear.
I think from next week banks will start opening these accounts. You can check with them again probably on Monday or so.
sir meri betiya 5year ki hai aur ham 1000 rupya par month jama kar sakte toa 15 saalke liye ho skta hai
Arvindji, aapka prashna samajh nahin aaya, dubaara poochiye.