Sukanya Samriddhi Yojana (SSY) Details & Download Form 2020

Sukanya Samriddhi Yojana (SSY) Details & Download Form 2020::Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme as part of the “Beti Bachao, Beti Padhao Yojana” for the benefit of the girl child. Parents can open up to two such accounts for girls (they cannot open a third/fourth account, etc. if they have more than two girls). These accounts have a tenure of 21 years or until the girl child marries after the age of 18. ICICI Bank is authorized by the Ministry of Finance for offering SSY Accounts. Customers can open the account by submitting the account opening documents at any ICICI Bank branch.



Sukanya Samriddhi Yojana (SSY) Details & Download Form 2020
Features & Benefits of Sukanya Samriddhi Yojana:

Get more returns than other similar savings scheme
Authorized by the ministry of finance, it is a Government of India backed savings scheme
Minimum investment - Rs 250; Maximum investment – Rs 1,50,000 in one financial year
Triple Tax Benefit - Principal invested, the interest earned as well as the maturity amount is tax-free.
Know before you invest:

Returns: The interest rate of 7.6% per annum
Lock-in period: 21 years from the date of account opening.
The girl child has to be below the age of 10 at the time of account opening
Deposits to be made till completion of 15 years, from the date of opening of the account
A partial withdrawal facility is available after the account holder attains 18 years of age
Interest rate is subject to change by the Government of India
Document Lists:

SSY balance gateway Form

Birth Certificate of the schoolgirl adolescent (mandatory)

Identity impervious (as apiece RBI KYC guidelines)

Residence confirmation (as apiece RBI KYC guidelines)

Premature closure of Sukanya Samriddhi Account:

Premature closure know how to merely be prepared by a teenager son on attaining the grow old of 18 days for the determination of nuptials expenses. However, nearby are selected singular luggage under which the credit know how to be blocked and the respective sum know how to be withdrawn:

The premature fall of the tab holder:

In folder the registered daughter toddler regrettably dies, the parents or the above-board custodian are eligible to assert the absolute quantity on the bank account and accrued importance as well. The quantity will be handed over to the candidate of the report immediately. Also, the parents or officially authorized guardians are essential to submit the germane credentials verifying the killing of the tally proprietor duly attested by the anxious authorities.

Important Links:

Read in Gujarati this (SSY) Schemes

Download Sukanya Samriddhi Yojana (SSY) Form

Inability to continue the account:
The Sukanya Samriddhi Account can be prematurely closed if there is any kind of direction from the Central Government regarding the inability of the depository to carry forward the account. The closure can also be processed in case the contribution towards the account is causing any kind of financial stress to the depositor. Moreover, proper permission from the competent authorities must be generated to process the closure and settlement of the account.