Sukanya Samriddhi Yojana SBI Bank Form PDF

Download Sukanya Samriddhi Yojana SBI Bank Form PDF

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File name	Sukanya Samriddhi Yojana SBI Bank Form PDF
No. of Pages	5
File size	1 MB
Date Added	Jul 25, 2022
Category	Form
Language	English
Source/Credits	Drive Files

Sukanya Samriddhi Yojana SBI Bank Form Overview

Sukanya Samriddhi Yojana is a saving scheme of Government of India aimed at betterment of girl child in the country. Sukanya Samriddhi Yojana is launched to provide a bright future for the girl child and enables parents to build a fund for the future education and marriage expenses of their girl child.

The Features of the Sukanya Samriddhi scheme are as follows:

1. The account can be opened on behalf of the girl child by her parents or legal guardians.
2. A maximum of 2 accounts can be opened, and in the case of twins, a total of 3 accounts can be opened.
3. Minimum deposit amount = Rs.250 per year; Maximum deposit amount = Rs.1,50,000 per year.
4. High interest rate of 7.6% p.a.
5. Tax benefits and advantages: Tax rebate under Section 80C of the Income Tax Act, 1961 for all deposits made under this scheme.
6. The account can be prematurely closed in the event of death of the depositor.
7. Revival of the account costs Rs.50, which has to be paid towards the end of the year in addition to the minimum amount for that year.
8. Deposits can be made through cash, cheque, and demand drafts.
9. Upon attaining the age of 18, the girl child in whose name the account has been created, can withdraw up to 50% of the balance.
10. Account will mature after 21 years from the date on which the account was created, or on the date of marriage of the girl child in whose name the account was created.
11. All the accrued interest will be paid to the account holder (girl child) on maturity.
12. Minimum deposit of Rs.250 must be made each year to prevent the account from being deactivated.
13. Interest rates differ, year to year.

Eligibility:

For the child (account holder)

• Only a girl child can avail the benefits of Sukanya Samriddhi Yojana saving scheme.
• The maximum age of this child should be 10 years. However a grace period of 1 year is granted.

For the parents–

• Only biological parents or legal guardians of a girl child can open the account on the child’s behalf.
• One parent or legal guardian can open up to two accounts for their girl children.
• In case of twins or triplets the parent or legal guardian can open up to three accounts.
• The account holder has to be an Indian citizen and resident in India at the time of account opening and has to remain so until maturity or closure of account.

Required Documents:

• Aadhar Card of Parents and child
• Photograph of Parent
• Ration Card
• Birth Certificate of girl child
• And any other documents

Sukanya Samriddhi Yojana SBI Bank Form PDF Download Link