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.
If the account holder was dead before maturity
You can make a request to prematurely close the account and withdraw the amount under special circumstances.
Hi,
Keep me posted on it.
When is the deadline for SSA account
There is no deadline.
Sir any dead line to open SSA account
Sir my daughter is of one year can i invest and if invest how much year i have to investt
Yes, you can invest for your one year old daughter. You need to invest in it for 14 years.
Dear shiv Sir agar mai aapni daughter k naam par 20000 rupees deposit kruga ta mujhe 21 saal baad kitni money milegi…meri daughter ki date of birth 4 saal hai…
sir mujhe ye clear karna hai ki jo amount deposite karna hai woh ladki ke 21 saal hone tak bharna hai ya jab se start kiya hai tab se lekar 21 saal.pls help me
Jab se start kiya hai tab se 21 saal.
sir hmari 2 bitiya hai kya hm alag 2 account khol sakte hai 1st 2year or 2nd 5 year agar in case kuch esa hota h ki sabhi bank 9.1 /ka interest dene lage kuch sal bad to or dusra agar kuch sall bad hm bank mai deposit nhi kr payein to hme 21 sal bad vo pura milega ya nhi
Aap do account khol sakte hain. Har saal kam se kam Rs. 1,000 deposit karne honge.
Sir, aapne Jo 6,00,000 ki scheme show ki hai, uske liye yearly kitna pay Karna padega
How to fill form
Sukanya samriddhi yojana ki state avoilbel hi……?
sir I have 2 question..
1.can we deposit amount once in a year or every monthly I have to make the deposit.
2.every year do I need to pay the same amount or I can pay different. Example-1st year-36000
2nd year-24000
3rd year-48000
1. You need to deposit the amount only once a year.
2. You can invest any amount of your choice – minimum Rs. 1,000 & maximum Rs. 1.5 lakh.
Sir
Me uttrakhand se hu. Ye a/c kisi vhi post office me open Hoga . or kese direct ya agent ke thru
Please replay me
Ye account direct bhi open ho sakta hai aur agent ke through bhi.
My daughter would be completed 2 years in April2015. If I deposit 50000 per year than what would be the estimated cost after 21 years?
Agar main 500 per month 14 saal jama karu to 21 saal ka baad kitna milega?
Dharamveerji,
500 Rs monthly 14 saal tak jama karane par aapki beti ko 21 saal baad lagbhag 3 lakh 303,564.
Par har mahine 500 Rs jama karna zaroori nahin hai. Aap apni sahuliyat se jama kara sakte hain. Min deposit saal mein Rs 1000 hona zarorri hai.
Sir,
Mai har mahine 1000rs deposit karta hoon 21 sall tak to mujhe meri bati abhi 2.5 year k hai to kitna amount milegna.
vinay kumar
gurgaon
Vinayji,
har mahine 1000 Rs jama karna zaroori nahin hai. Aap apni sahuliyat se jama kara sakte hain. Min deposit saal mein Rs 1000 hona zarorri hai.
Agar aap 1000Rs monthly jama karata hain 14 saal tak to 21 saal baad aapki beti ko approximately 6 laks (607,128 ) milega.
Approximately isliye kyonki Govt har saal interest rate change kar sakti hai..Abhi 9.1% hai.
Dear sir
My baby born at feb 2015 she has completed one month now.can I opened her account in sukanya samridhi yojna
Yes, you can get it opened.
Dear Shiv, I have two questions in my mind. 1.Simply where I have to go to open this account. 2. If I will deposit 1000 rs per year total amount is rs 21000 in 21 yrs, how much amt we will get after 21 yrs.
1. You can get this account opened either in a post office or an authorised bank branch. 2. You need to deposit a minimum of Rs. 1,000 every year for 14 years only (and not 21 years). Based on certain assumptions and 9.1% rate of interest, the maturity amount should approximately be Rs. 52,605 after 21 years.
5000 rs saal diye jaye to aprox 21 saal baad kitne ho jayege sir
Based on certain assumptions and 9.1% rate of interest, the maturity amount should approximately be Rs. 2,63,025 after 21 years.
My daughters birthday is 28 March 2004, can i open SSA for her
Yes, you can do that.