Sukanya Samriddhi Yojana 2019
Thursday, 31 October 2019
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With an 8.6% rate of interest, tax free maturity and interest and tax deductions available under Section 80C of the Income Tax Act, 1961, single families with girl children below the age of 10 years, are queueing up to open a Sukanya Samriddhi Account. If you have been thinking about opening this account too, then here's all that you need to know about it.
You can open a Sukanya Samriddhi Yojana Account in any authorised bank branch or a post office branch. You can also set it up online with the help of your net banking facility.
Documents you need to open Sukanya Samriddhi Yojana Account are:
- SSY Account opening form
- Beneficiary’s birth certificate
- Address proof of the guardian or parents of the beneficiary
- Id proof of the guardian or parents of the beneficiary.
How to open a Sukanya Samriddhi Yojana account?
- Fill out the SSY Account opening form
- Keep the documents ready along with photographs
- Pay the deposit amount (any amount between Rs. 250 and Rs. 1.5 lakh will do)
- You can give a standing instruction at the branch or you can set up automatic credit to SSY Account through NetBanking.
Who is eligible to open the account?
If you are a parent or a legal guardian of a girl child aged less than 10 years.
How many accounts can you open?
Each account for up to two girl children can be opened. Three, in case of twins being born the second time.
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