Documents required to open SSY
The following documents are required:
- SSY Account Opening Form
- Birth certificate of the girl child bearing the child’s name
- Photograph of the parent/legal guardian of the girl child
- KYC documents (identity and address proof) of the parent/guardian.
min and max Investment price
The minimum deposit amount is Rs 250 per financial year and the maximum amount is Rs 1,50,000 per financial year.
a punishment
If the customer fails to deposit the required minimum deposit amount of Rs. 250 within a financial year with a fine of Rs. 50 will be evaluated. After paying the fine, the account can be reinstated.
Can SSY account be closed before maturity?
according to axis Bank Frequently Asked Questions on SSY, “SSY account can be prematurely closed under the following circumstances:
In the event of death of the account holder;
If the Central Government is satisfied that the continuance of the account is causing undue hardship to the account holder (such as a medical emergency or death of a guardian), it may allow the premature closure of the account;
If the account holder acquires the status of NRI/PIO at any time before the maturity of the account.”
When does the SSY account mature?
The term of the SSY account lasts till the account holder turns 21 from the date of account opening, or till they get married, whichever is earlier.
according to HDFC bank“The account shall mature on completion of 21 years from the date of opening of the account, provided that where the account holder is married before the completion of such period of 21 years, operation of the account shall not be permitted on the date of his marriage.”
how to open Sukanya Samriddhi account online?
At present, online SSY account opening is not allowed in authorized bank branches or post offices. However, according to the HDFC Bank website, you can set standing instructions online after you open an account after submitting all the required paperwork.