How to Open Sukanya Samriddhi Account in Post Office
Opening a Sukanya Samridhi Account is very easy. As you can go to post offices along with the banks. Even, sometimes, the post office can be a convenient option for this account. Today, post offices are less crowded and can be found in the vicinity. Also, bank employees seem reluctant to the government scheme on the other hand postmaster readily open accounts of the small savings scheme.
Post Offices For the Sukanya Scheme
Post office opens the Sukanya Samriddhi account but every branch does not give this services. A post office opens this account if there are minimum 2 people. In fact, only such post offices operate the small saving scheme.
If a post office opens thePPF account, It would also open the Sukanya Samriddhi Account. The process is also similar.
The core banking facility is not ncessary to open a Sukanya Account. Thus, a post office can’t use this as an excuse. You should insist on that case. However, if you choose a post office which has core banking facility (i. e. computerized), the operation would be smooth.
Documents For Sukanya Samriddhi Account
Like every account, you have to also give the identity and address proof for opening an account. The Suknya Scheme requires some more documents as the girl child and her guardian both are involved.
- Birth certificate of the girl child
- 2 Passport Size Photo of the girl
- Identity and Address proof of the guardian
- PAN of the Guardian
- Aadhaar card copy
Note, you must sign on every document before submitting it along with the account opening form.
Rules of the Sukanya Smariddhi Scheme
You must know the rules of the Sukanya Samriddhi Scheme before opening the account in the post office.
- The age of the girl child should be 10 years or less.
- You can open the account only in the name of the girl child.
- A guardian can open this account maximum for 2 girl child. It can become 3 if the last 2 girls are twins.
- The Account matures in 21 years
- You can deposit money maximum for 15 years.
- There can be premature withdrawal once the girl achieves the age of 18. This withdrawal can be for marriage or education.
- The minimum amount of deposit is ₹250 per year
- The maximum deposit is 1.5 lakh per year
- If you miss the deposit in a year, there would be a penalty of ₹50
Sukanya Samriddhi Form (Post Office)
Fortunately there is no exclusive Form for the Sukanya Account in the post office. The common account opening form of the post office can be used for Sukanya Account as well. You would not find Sukanya Word in the title of the form. But It is written in the line of serial number 1. The Abbreviation SSA is used for this account.
Earlier there were different forms for the CBS (Core banking system) and non-CBS branches. But, now post offices use same form.
You can’t open a Sukanya Samriddhi Account online in a post office. In fact, banks also need your physical presence to verify the signature at the time of account opening. Thus, you have to visit your neighbourhood post office.
- Visit the post office. Ask for the form and fill it. Note, the girl child is account holder so she would be the applicant.
- Stick the photograph and attach the copies of other documents. Don’t forget to sign on the documents. Also, You have to deposit at least ₹250 for opening the account.
- Although the post office may complete formalities in one day But, they may call you again to collect the passbook. In the passbook, you would find all the information about the account. There would be maturity date as well.
- Further, to deposit the regular contribution, you have to visit the post office. The online deposit facility is available in the post offices which are connected with the CBS. If your post office is connected with the CBS, ask IFSC code of the branch. CBS is necessary for online deposit.
- You should also bring the passbook at the time of deposit so that postmaster can make entry on it.
- Note, Post offices add interest at the end of financial year. Hence, you would see the entry after that.
- You can also transfer the Sukanya account from one post office to another. The transfer to the bank is also possible. The process is similar to the PPF account transfer.
The Sukanya Samriddhi Scheme matures in 21 years. You must withdraw your balance after this period. As, government does not give interest after this. On the other hand, you can apply for premature withdrawal once your girl child turns 18. The premature withdrawal is permitted only for the marriage and education of the girl. To know more about it you can read my post of Withdrawal Rules of Sukanya Account