Sukanya Samriddhi Deposit Scheme – Mumbai Postal Region – Website & Toll Free Number

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This post was last modified on July 10, 2023 6:42 pm

Sreekanth Reddy

Sreekanth is the Man behind ReLakhs.com. He is an Independent Certified Financial Planner (CFP), engaged in blogging & property consultancy for the last 14 years through his firm ReLakhs Financial Services . He is not associated with any Financial product / service provider. The main aim of his blog is to "help investors take informed financial decisions." "Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. The information provided, therefore, should not be viewed as financial, legal, accounting, tax or investment advice."

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  • i opend SSY acount in 21/10/15 and coming months i deposited and total deposit is 5000 till 10/3/16 . then the intst rate is cresdited on15/4/2016 is rs 107 only how this calculation . my daughter DOB is may 4th 2015

    • Dear Imran..Your kid has completed 10 years 2 months. Account can be opened up to age of 10 years only from the date of birth.

  • Sir. My kid age 1 yr niw i want to open account.. And now am in confusion if i invest 2000 per month atlast how much amount i get after maturity of this scheme

  • i am investing 25000 per annual as SSA account how much i get after 21 years. My kid's age is 2 years.

  • from march 2016, I shall deposit 50000 per year...so at last how much money I shall get????

  • Hi Sreekanth,
    This is Sanjukta. Can we transfer the account from one branch to another branch. ex. I have started at Hyderabad and after 5 years I shifted to Pune .I have those scenarios
    1)Can I transfer my account to SBI Hyd to any SBI branch Pune.
    2)Though you told there is no on-line access so do I need to personally visit every time and deposit in HYD branch.
    3)While withdraw the money too do i/My daughter have to come to the HYD branch.
    4) Will this scheme exist after Modi Sarkar also ....?
    5)My baby is 5+ Months. can i open a account for her name?
    Plz reply..

    • Dear Sanjukta,
      1 - Yes, it's possible.
      2 - Yes (manually you have to visit and deposit, it can be in Pune after the transfer).
      3 - Your daughter can withdraw the funds from the servicing branch.
      4 - Yes :) (surely atleast for the existing subscribers)
      5 - Yes.

  • Hi Sir,

    My daughter born on 22nd July 2015, I started investing from September 2015.

    By 22nd July 2029 she will turn 14 years.

    Now I have 15 Financial years to invest

    2015 2016 1
    2016 2017 2
    2017 2018 3
    2018 2019 4
    2019 2020 5
    2020 2021 6
    2021 2022 7
    2022 2023 8
    2023 2024 9
    2024 2025 10
    2025 2026 11
    2026 2027 12
    2027 2028 13
    2028 2029 14
    2029 2030 15 (deposit 1.5L on April itself)

    So as the SSY says the max limit is 1.5K per financial year, I can invest 15 X 150000 = 2250000.

    Am I correct here ? Could you kindly confirm

    Many thanks in advance.
    Mohan sai kumar

  • Sir
    First I asked in sbi bank to open this account but they said here not available. Whatever now I want to transfer my account to sbi for monthly deduct amount from my salary .. is that possible.

  • If I do not invest in SSA A/C as per your opinion that it will not beat the inflation of money, please suggest where to suggest for 15 years time and I can invest Rs.10000 monthly. Equity or Mutual Fund. Please suggest the name of fund also. I want to accumulate corpus for child education and marriage. My daughter is 9 month old.

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