Sukanya Samriddhi Yojana is a small saving scheme regulated by the Indian Authorities for the welfare of the lady youngster. The accounts beneath Sukanya Samriddhi Yojana might be opened with completely different banks in India. These banks are given the authority by the Indian Authorities to open SSY accounts with a minimal deposit of Rs.250. The rate of interest for This autumn (January-March) FY 2023-24 has been set at 8.2% each year.
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Listing of Banks Providing Sukanya Samriddhi Yojana
Here’s a record of banks that are providing Sukanya Samriddhi Accounts for all of the eligible individuals-
| 1. HDFC Financial institution | 2. Axis Financial institution | 3. Punjab Nationwide Financial institution |
| 4. Canara Financial institution | 5. Union Financial institution of India | 6. ICICI Financial institution |
| 7. Central Financial institution of India | 8. IDBI Financial institution | 9. Canara Financial institution |
| 10. Indian Financial institution | 11. State Financial institution of India | 12. Financial institution of Maharashtra |
| 13. Punjab & Sind Financial institution | 14. Indian Abroad Financial institution | 15. UCO Financial institution |
| 16. Financial institution of India | 17. Financial institution of Baroda | |
What are the Paperwork Required to Open a SSY Account
The next paperwork have to be submitted to open Sukanya Samriddhi Account out of your respective financial institution:
- Crammed SSY Utility Kind
- Beginning Certificates of the beneficiary
- Guardian’s deal with proof
- Identification Proof of the guardian
- Passport pictures for the beneficiary
Here’s a PDF of on-line Sukanya Samriddhi Utility kind which might be downloaded, stuffed and submitted to open the account:
Advantages of Opening a Sukanya Samriddhi Account
| Sort of Profit | Particulars |
| Tax | Eligible for Tax deductions beneath Part 80C as much as Rs.1.5 Lakh |
| Deposits | Versatile funding with minimal deposit of Rs.250 and most Rs.1.5 lakh p.a |
| Safety | Fully safe and assured returns as a result of its a government-backed scheme |
| Monetary Objective | Serves long-term funding targets together with the ability of compounding |
| Transfers | Might be transferred from one financial institution/post-office to a different within the nation |
