'Sukanya Samridhi Yojna' under Beti Bachao campaign

                                            Sukanya Samridhi Yojna

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WHAT IS SUKANYA DEV YOJNA

Modi Government is putting best efforts to promote Girl Child. Sukanya Dev Yojna is an extension of Government’s Beti Bachao Beti Padhao Campaign. The scheme is also known as Sukanya Samriddhi Yojna.

Age Limit
The age limit for opening an account in this scheme is 10Years, and there is buffer period of 1 Year. Means means the girl child who has attained the age of 10 years 1 year prior to the announcement i.e. December 2013 to December 2014, is also eligible to open account under Sukanya Samriddhi Scheme.
Tax Benefits
The amount invested in Sukanya Dev Yojna will be exempted as per section 80C of Income Tax.
Authorized Banks & Post Offices
Sukanya Samriddhi Yojna or Sukanya Dev Yojna is almost a type of Provident Fund Account. Thus we can assume that the banks authorized to open account under PPF scheme is also eligible to open account under Sukanya Samriddhi Yojana. All the post offices are also authorized to open account under Sukanya Dev Yojana.
For NRIs
As per RBI Guidelines a NRI cannot apply for this scheme. The post office saving account rules, 1981, governs Sukanya Dev Yojna, so, NRIs doesn’t come to this category.
Documents Required
Birth Certificate of Girl Child
Identity proof of the depositor i.e. parent or legal guardian
Address proof of the depositor i.e. parent or legal guardian
Premature Withdrawal
Upto 50% amount can be withdrawn for the higher education of girl when a girl reaches 18 Years of age. If the depositor is facing any hardship in running such account, the account can also be closed before the stipulated time.
Transferability of Account
The account is freely transferable to any state of area in India, if the girl moves to other place.
Updated List of Banks to Open Sukanya Samriddhi Yojana Accounts

• State Bank of India (SBI)
• State Bank of Patiala (SBP)
• State Bank of Bikaner & Jaipur (SBBJ)
• State Bank of Travancore (SBT)
• State Bank of Hyderabad (SBH)
• State Bank of Mysore (SBM)
• Allahabad Bank
• Andhra Bank
• Axis Bank
• Bank of Baroda (BoB)
• Bank of India (BoI)
• Bank of Maharashtra (BoM)
• Canara Bank
• Central Bank of India (CBI)
• Corporation Bank
• Dena Bank
• ICICI Bank
• IDBI Bank
• Indian Bank
• Indian Overseas Bank (IOB)
• Oriental Bank of Commerce (OBC)
• Punjab National Bank (PNB)
• Punjab & Sind Bank (PSB)
• Syndicate Bank
• UCO Bank
• Union Bank of India
• United Bank of India
• Vijaya Bank

Sukanya Dev Yojna Application Form

Calculations

• The rate of interest will be calculated at 9.1% per annum.
• It is not mandatory to make a fixed amount of yearly/monthly contribution.

Sukanya Dev Yojna Yearly Contribution Chart

Sukanya Dev Yojna Monthly Contribution Chart