Sukanya Samriddhi A/c – List of Authorized Banks – Download Application form

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• Hello Sir,

  We are indian. My daughter is us citizen. But she has pio card. Can we take ssa from bank or post office.

  • Can I open the SSA account in State Bank of India in this month of April. Is it implemented in SBI or in any Banks ?

    • Dear Renu,
      I beleive not all the branches of authorized banks are accepting SSA applications. You may visit your nearest post office branch to open SSA.

  • Dear Dolly,
    The govt gazette does not talk about the NRI's (or other Nations' citizens') eligibility to invest in SSA. Waiting for more clarity..Will update you ASAP..

    • Hello Sir,

      But in LIC Nri can take lic policies after completing a form for non resident indian. LIC is a govt company. Please let me know and clarify soon.

      Thanks,

      • Dear Dolly,
        NRIs are not eligible to invest in Small Savings Schemes like Public Provident Fund, Post office small savings schemes etc.,
        SSA falls under the category of small savings scheme, but there govt gazette does not say anything abt this.
        Yes, NRIs can buy life insurance policies from a Life insurance company based in India.

• Dear Sir,

  I want open this account in SBH ( State Bank of Hyderabad ) bur the Branch people says i don't know about the A/C... what i Do..?

  • Dear Kubendiran,
    Visit your nearest post office branch.

• Thank you very much sreekanth.....

  After read this comments, going to open this account.....

• Dear sir, i want to know about national pension system(n p s a/c).where i open this type of a/c. nd what intrest rate we get in this.

  • Dear Hitendra,
    Visit this website "NPS" for more info.

• Dear sir,sbi branch rura kanpur dehat u p. Dont know abt sukanya smridhi a/c

  • Dear Hitendra,
    You may contact any nearest post office branch.

• Dear Reddy,
  I happened to read the below in this link http://goo.gl/coVSMg
  Pl guide me if its true, main concern over returns being taxable.

  Tejas Says:
  03/21/2015 At 1:28 AM
  I had compared the same with LIC. And I found LIC better than the sukanya samriddhi.
  Here is the comparison. If I have missed somewhere let me know.
  Sukanya Samrudhi Yojana
  Its a Post Office New Scheme
  Sukanya Samrudhi yojana…
  9.1% Rate of Interest Compounded…
  For example Pay Rs 12000 for 14yrs & Get Rs 6lac on 21st yr…
  ======================
  LIC has better option than this….
  ======================
  1. Payment Term
  —————————
  In post you have to pay Rs.12000 for 14 years
  In LIC you have to pay Rs.22500 but for 9 years only
  2. Insurance
  —————————
  In case of death of Father
  In post family still have to pay 12000 per year till 14th year
  In LIC no need to pay and family gets 6 lacs immediately in case of accidental death (in case of natural death 3 lacs plus bonus)
  Hence concept of insurance is more important.
  3. TAX FREE RETURNS
  —————————
  In LIC
  premium – 22500
  Need to pay – 9yrs
  Total premium – 2lac
  On 21st year
  get Rs 6,32,000 totally TAX FREE.
  In Post
  premium – 12000
  Need to pay – 14 yrs
  Total premium – 1.80 lac
  On 21st year
  get Rs 6,07,000 TAXABLE
  4. Gauranteed Calculation
  —————————
  In post 9.01% gauranteed for 2014-15 next year onwards it may change
  In post calculation is based on bonus and bonus history of LIC is gaurateed
  - See more at: http://goo.gl/coVSMg

  • Dear Kavitha,
    LIC plan returns are mainly dependent on bonus rates, which may or may not be the same every year. They are also not guaranteed.
    The returns from the traditional life insurance plans can be around 6% max. Taxation benefits are applicable for both.
    It is better not to mix insurance with investment.

• if we open an account with the amt of 1000/-
  after,next month onwards can we increase the money?and how the intereset will be calculate?

  • Dear Shirisha,
    Yes, deposit amounts can vary. Interest is calculated on monthly balance basis.

    • Dear shirisha,

      There is no limit in number of transactions in a financial year . only limitation is in amount, means your total deposit during the FY should be restricted up to a maximum of Rs.1.5 lakhs only. One major merits in post office/Sukhanya Samrudhi when compared to LIC is that if a lapse occured during a financial year during any FY, it can be possible to deposit in the next FY with a nominal fine of Rs.50 only

      • Dear Rakesh,
        Thank you for sharing your views.

• Dear Sreekanth
  I would like to know the difference between opening this a/c in a post office and a bank. Do we get access to online facilities if we open this a/c in bank. I am looking for ease of accessibility, like, online transfer of money to this a/c, checking balance. Transferring the a/c from one city to other etc..

  Regards
  Murali

  • Dear Murali,
    As of now, i dont think online depositing is available. Let's hope that the value added services are made available soon.
    Yes, you can transfer the account to a different location anywhere in India.

    • As per Office Memorandum of Ministry of finance , the facility to deposit the subscription will be made available in banking sector.Online banking facility to that particular Sukhanya Samrudhi Account will not available because of the Account Holder (As per RBI Guide lines ) is minor . During my visit to bank ,they are still not in a receipt of circulars about Sukhanya Samrudhi Scheme (SSA)

      • Dear Rakesh, thank you for sharing your views & experience.

• Dear Sreekanth.......... indian overseas bank they dont know about this scheme please update the information to the bank.

• Thank you so much sir for your great post.