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- A girl child can only open a single account in her name under the Sukanya Samriddhi Yojana scheme. As per the rules, an SSY account can be opened for a maximum of 2 girl children by one parent. If twins were born as a second birth or the first birth, then you can open three accounts.
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Jul 27, 2024 · Opening SSY Account. A girl child can only have one SSY account. SSY accounts can be opened at any post office or authorised commercial bank branch. It can be opened till the girl child attains the age of 10 years. Beneficiary of SSY.
The account may be opened by one of the Guardians in the name of a girl child, who has not attained the age of ten years as on the date of opening of the account. Every account holder shall have a single account under this Scheme.
The number of new accounts opened under Sukanya Samriddhi Account (SSA) from 01.04.2018 to 31.10.2021 is 1, 42, 73,910. The five states with highest number of accounts under SSA scheme are Uttar
Jul 22, 2024 · SSY accounts can be opened at designated banks or post offices. The Sukanya Samriddhi Yojana Account has a tenure of 21 years or until the girl child marries after the age of 18. The SSY scheme comes with a higher interest rate along with several tax benefits. Read the complete article to know more about Sukanya Samriddhi Yojana details.
- No. The facility of loan against SSY account balance is not currently available. You can avail the option of loan against PPF instead.
- Yes. Premature closure of the Sukanya account is allowed in certain cases. This may include compassionate grounds due to terminal illness, the unex...
- The SSY account will have to be closed if the girl child becomes an NRI or loses her Indian citizenship.
- Maximum number of SSY Account. A girl child can only have a single Sukanya Samriddhi account on her name. A parent or legal guardian is only allowed to open a maximum of two SSY accounts for two girl children.
- Default Account. As per the Sukanya Yojana details, your account can be considered default if you fail to deposit the minimum deposit amount of Rs. 250 in a year.
- Interest after maturity. While people know that the maximum maturity period of Sukanya Samriddhi scheme is 21 years, most do not know what happens if the amount is not withdrawn from the SSY account after 21 years.
- Account transfer. You can open an SSY account from a post office or branch office of a bank registered under this scheme. However, is it possible to transfer the Sukanya Samriddhi account scheme between banks or from the post office to the bank?
The number of accounts opened up to October, 2015 under Sukanya Samriddhi Yojana across the country is 76,19,668. The impact is that 76,19,668 girl children got ₹ 28.38 billion (US$340 million) deposited in their name.
May 4, 2024 · Tenure of the Deposit is 21 years from the date of opening of the account. Maximum period upto which deposits can be made 15 years from the date of opening of the account. As notified by the GOI, compounded annually with option for monthly interest pay-outs to be calculated on balance in completed thousands.
