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.
Url for the form
http://rbidocs.rbi.org.in/rdocs/content/pdfs/494SSAC110315_A3.pdf
Thanks Tushar!
Iski last date kya ha apply krne ki
Iski koi last date nahin hai.
Meri beti ka birth 2.12.2005 ko hai kya main ye yogna ka labh le sakta hu plz reply aur khan se aur kaise
Yes Shailender, aap is yojana ka benefit le sakte hain.
Meri beti ka birth 12/5/2013 ka hai to mai kya yeh account khol sakta hu or kitna investment kr sakta hu mujhe btaye
Yes Prabhu, aap ye account khol sakte hain. Aap maximum 1.5 lakh investment kar sakte hain.
Dear Sir I hv two daughters..my elder daughter is born on dated 30/09/2007.Younger daughter iz born on dated 14/09/2009…Please suggest me hw can open the account through this scheme..thanks..
Please check this post, it has all the information – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
You need to visit a post office nearest to your place for account opening information.
Meri bhatiji abui 4 sal ki hai….uska account khul jyega kiya …
Yes Sajid, aapki bhatiji ka account khul jaayega.
I am from mumbai I have call few banks they say tat they have not received d form could u please tell me which bank have d form thx
Hi Divya,
We do not have this info as which banks have started opening these accounts and giving application forms. As & when we have this info, I’ll share it here.
Regarding opening of account with bank, I got a reply from bank that all the branches are not entitled to open account but only selected branches. Still they do not know which are the branches.
Most of the banks are still not unaware about the branches which are opening these accounts. So, you’ll have to wait some more time for further clarity about the branches.
I have opened the suknya yojana my child was 8 years how its help in future after the complication how much amount I have receive if I am pay per month 1000Rs
Your query is not clear.
I was visit State Bank Of India Nirman Bhawan New Delhi . I was surprise there is no information about Sukanya Samriddhi Yojana by the bank
That is quite unfortunate.
Hallo sir what are the benefits
Please check this post for detailed benefits – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
What are the benefits
My child age 2year 5mounth.can i open this account
Yes, you can open this account for your daughter.
sure because of eligibility date is 2-12-2013 to 2015
Mai (bihar)patna me rahta hu but yaha ke s.b.i bank me account opening ke bare me pata hi nahi hai
Aap thoda wait keejiye.
Sir,
i am a bit confused about the entire doc process. i have gone to PO & opened the SSA for my girl kid along with my id/address proof & daughters birth certificate. the form wasnt the same as the regulator says nor is the pass book. though PO savings pass book says SSA written by the officer there
is my investment at stake for any problem in future ? also can i shift the same account to any authorized bank? if yes how should i go about it?
look fwd to your inputs/guidance
rgds
vini
Hi Vini,
There is no risk to your investment and it is 100% safe. It is just that post offices are using their old stationery for opening these accounts. You can always migrate your account to a bank branch once they start opening these accounts. The procedure you need to check with the post office guys.
i want an application form of sukanya samriddhi account
You can take printout of the form from this link – https://drive.google.com/file/d/0BxqJlviiJLfgSFl5ZTEtcXl3WU0/view
Meri beti ka birth 28.2.2006 ko hai kya main ye yogna ka labh le sakta hu plz reply
Hi Ravindra,
Yes, aap is yojana ka labh le sakte ho.
Hello sir
Is there any govt official document which shows savings under SSY is exempted from tax under section 80c ? Today I had inquired about it in post office, postal officials say they have also not seen any such document and therefore can’t comment about relief under section 80c
Hi,
You can check the finance minister’s budget speech – http://profit.ndtv.com/budget/sukanya-samriddhi-scheme-income-tax-benefit-and-other-features-743603
Meri beti ka birth date has 8/4/2004 kya mein SSA bar sakti hop pls tell me
Hi Vandana,
Yes, aap ye account khol sakte ho.
sir mai apni baiti taesha kai liye 1 year mai agar 150000 rs submit karwati hu toh mujhay kitna paisa wapis hoga jab woh 21 years ki hogi.wo abhi 3 years ki hai
Please check this post – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Is post mein maturity value tables hain based on different contributions.