Sukanya Samriddhi Account in State Bank of India (SBI)
In this article we are providing details on Sukanya Samriddhi Yojana in SBI. Sukanya Samriddhi Yojana is an initiative taken by central government. In the current budget, Our finance minister announced one of the high return saving account to secure the financial future of a girl child. With this scheme a girl child will not be a burden on her parents or guardians while she grows up. The scheme was officially launched in January 2015.
The small saving scheme for girl child is specifically designed to ensure that parents and guardians of the girl do not get overburdened at the time of their marriage or higher education and can take advantage of the investment as a tax exemption under section 80C of Income Tax.
Currently Sukanya Samriddhi account can be opened from Post office but soon the SSAY account will be opened in all nationlised bank. Sukanya samriddhi account SBI would be the most important one that everyone would be looking for and we are providing the details on the same. Below is the Sukanya Samriddhi account SBI FAQ.
Documents required for Sukanya Samriddhi Account in SBI?
The scheme allows a number of nationalized banks and Post offices to open up Sukanya Samriddhi Account in SBI branches. Out of those nationalized banks, State Bank of India would certainly be one of the major banks who would have the maximum number of accounts. To open an SSA in SBI, you can just walk in to any branch of SBI with the following documents:
- Birth certificate of the Girl Child
- Address Proof of the parent or legal guardian of the girl child
- Photo identity proof of the legal guardian or parent of the girl child
Do you need to have an existing account in SBI for opening SSA?
SSA would be a fresh account under Sukanya Samriddhi Yojana. It is irrespective of whether you already have an account in SBI or not, this account would be opened fresh in the name of the girl child by furnishing the above mentioned documents.
How much initial deposit is required to open SSA in SBI?
As per the scheme, an initial deposit of Rs 1,000 would be required at the time of opening of the account. After that, you can deposit a minimum of Rs 100 or its multiple amounts any number of times throughout the year.
Whom to contact in SBI branch?
You can walk up to any of SBI branch that is nearest to your location. Once you get into the bank, you would be directed to the official who is responsible for opening up of Sukanya Samriddhi Accounts in SBI. After meeting that official, he would himself guide you through the rest of the process.
It is important for you to know that under Sukanya Samriddhi Yojana, you can open an account for your girl child in any of the nationalized banks and post offices listed by RBI. For more info and details on Sukanya Samriddhi Yojana, please visit our other relevant articles on the scheme.
Other Important Articles to Read
- How to open Sukanya Samriddhi Account in ICICI
- How to open Sukanya Samriddhi Account in Post Office
- Documents Required
- Age Limit