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.
sir mere do bache h ek beti aur ek beta kya m apni beti ka account khulwa skti hu iss scheme k under
Hi Nitu,
Agar aapki beti ki date of birth December 2, 2003 ya uske baad ki hai, to aap ye account khulwa sakte ho.
My daughter is 4 yr , if I pay every month 1000 rs n in case I skip 2 months in between then that 2000 rs later can i deposit is ok or if I cannot deposit every month but. I can deposit 12000 rs evey year can I do ? Pls let’s I want pay evey year I cant deposit evey month
You need not deposit every month. It is ok to deposit once every year.
mere beti 4 saal ke hai me per mount 1000 Rs jama karta hu to ye amount 10 sal tak hi jama karna hai ya 21 sal tak jama karna hai or iska 21 sal ke baad kitna amount melega
Aapko is account mein 14 saal tak paisa deposit karna hai. Aap apni beti ki marriage ke time poora paisa nikaal sakte ho ya phir 21 saal complete hone pe. 50% balance aap apni beti ke 18 saal complete hone pe nikaal sakte ho.
21 saal baad aapko aaproximately Rs. 6,25,305 milega agar interest rate 9.1% hi rehta hai to.
http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
My daughter ‘s date of birth is 20-04-2007. Can I get the benefit of the good opportunities for sukanya samariddhi yojana?If l want to deposit rs 2500 per month, then what amount will get after 21 age?
Yes, you can get an account opened for your daughter. You will get approx. Rs. 15,63,262 after 21 years if you deposit Rs. 2,500 per month and rate of interest remains 9.1%. http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
My daughter ‘s date of birth is 2020-04-2007. Can I get the benefit of the good opportunities for sukanya samariddhi yojana?IIf l want to deposit rs 2500 per month, then what amount will get after 21 age?
Yes, you can get an account opened for your daughter. You will get approx. Rs. 15,63,262 after 21 years with Rs. 2,500 per month deposit and 9.1% rate of interest. http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Sir, kya is scheme me rate of interest change Ho sakta hai ke 9.1 he rahe ga.
Prakashji, rate of interest har saal 1st April ko revise hoga.
Mere beti ke date of birth 20 January 2014 ka hai agar main March 2015 se 150000/- per annum investment karta hu to 14 years me kitana or maturity par kitana milega.payment mode yearly hi rahega Ya quarterly ya halfly ka hi system hai.Yeh guaranteed to hai….????
Rate of interest har saal change hoga. Deposit saal mein ek baar karna hoga, but zyaada baar bhi kar sakte hain. Please check this post for maturity value – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Sir e btaye ki is yojna ka labh ek ladki ke liy ek hi account kholwa skate hai
Yes, ek beti ke liye ek account hi khulwa sakte hain.
Dear sir; yadi me ek hajar har mahine jama karta hoo 14 saal tak, to mughe 21 Saal ke bad kitna amount milega?
Approximately Rs. 6,25,305 – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Sir meri beti 8 saal ki hai muje uski Saadi 21saal ki jab hogi to karni hai mai 12000har saal jama karu to kitna milega wo sun nahi sakti
13 saal baad aapko approximately Rs. 2,65,262 milenge, agar har saal rate of interest 9.1% hi rehta hai aur aap 1st April ko paisa deposit karte ho.
Sir main 1000 rs yearly jama karata hoon to 21 saal bad kitne milenge or kya beech main extra bhi jama Kara sakte hai.meri beti Ki dob 01/06/2005 hai
Sanjayji,
Ye post check kar leejiye – http://www.onemint.com/2015/03/09/sukanya-samriddhi-yojana-calculating-maturity-value-after-21-years/
Ismein aapko maturity value mil jaayegi. Aur, aap beech mein bhi amount deposit karwa sakte hain.
i want to know that can i deposit monthly if so i chose 5000 per month is it fix or one month 5000 next 4000 then 2000 like bank saving account
You can deposit any amount of your liking, be it Rs. 5000, Rs. 4000 or any amount. Also, it is not compulsory to make a deposit every month.
Dear Sir,
Do I need to deposit fix amount (like RD) every month or can i deposit as per my wish.
You can deposit as per your wish.
4month.ki hai meri beti.main ac.khulwa sakta hu.
Yes, aap account khulwa sakte ho.
Hi sir
Meri beti 7 year ki hai agar main yearly 10000 thousand jama karta hun to kitna milega or yeh kab tak jama karna hoga or per year kitna jama ker sakte kai
Hi Sanjeev,
Minimum 1,000 aur maximum 1,50,000 jama kar sakte hain. 14 saal tak jama karna hoga, 21 saal baad paisa milega. Kitna milega ye rate of interest pe depend karega.
Meri beti ka birthday 20oct.2014 .hai .kya main. Ac.khol sakta hu.
Yes, aap account khulwa sakte ho.
Hi sir
Per year kitne rs jama ker sakte hai or sir meri beti 7 year ki hai agar main yearly 10000rs jama karta hun to kitna milega or yeh kab tak jama karne hai
Dear sir
My daughters age is 10 years I would like to open an account .so can I pay 1,20000 now n then 1000 per month.so that her maturity date begins from 18 years of her age.
Dear Tasneem,
This account will mature either on completion of 21 years from the date of opening this account or when your daughter gets married, whichever is earlier.
Kukreja sir,
i would like to inform you that when i went indian overseas bank sector-45, Noida , SBI sector-66, Noida & PNB sector-66 Noida for opening the account every banks told me that we have no facility for opening SSY account then i again ask them how much time this facility will be available in your branch they told me we don’t know so as a common man where i go for help as per RBI issued a letter to all authroised bank for necessary action (apply this facility) in their branches but after that they are no any fear and bluntly denied to their customer when they inquiry for this facility so please can any ph.no. or e-mail address for sending our quires for these bank branches
regards,
sandeep Kumar
Hi Sandeep,
You can get this account opened with a post office at present and next year whenever these banks are fully operational to open these accounts, you can migrate your account from post office to an authorised bank branch.
My daughter’s birth date is 15 december 2004, mere pass aur kitana time hai account open karne ke liye ? F Y 15-16 main kya account open kar sakati hun ?
Aap apni daughter ka account December 1, 2015 tak open karwa sakte ho.