Sukanya Samriddhi Yojana: Want to transfer SSY account from post office to bank? Here's step-by-step guide to do it

How to open a SSY account?

A legal guardian can open an SSY account for a girl child of up to 10 years of age. 

Where the SSY account can be opened?

The SSY account can be opened in an authorised bank or at the post office.

SSY: What is the minimum and maximum deposit amount?

The minimum deposit is Rs 250 and the maximum deposit is Rs 1.5 lakh per year.

What is the interest rate on Sukanya Samriddhi Yojana?

Currently, the interest rate on SSY is 8.2 per cent per annum.

 

Sukanya Samriddhi Yojana: Investment period

Till 15 years from the date of account opening.

SSY maturity period

21 years or until girl child marries after the age of 18.

When was the SSY launched?

It was launched in 2015 as part of the Beti Bachao, Beti Padhao campaign. 

Documents required to open an SSY account

• Child's (beneficiary) birth certificate
• Address proof, PAN, Aadhaar or voter ID of parents or guardian, and photograph.

Income Tax Rebate

Eligible for rebate under section 80C of the Income Tax Act, 1961 (maximum cap of Rs. 1.5 Lakh in a year).

How to transfer SSY post office account to a bank?

- Go to the post office, fill request form and submit the required documents to transfer the SSY account to the bank,
- After that, the documentation and form will be verified by the post office.
- Then, the post office will prepare the transfer documents. 
The post office will issue a draft document after verification.
- The draft paper and transfer document will then be sent to the bank.
- Once the bank accepts the document, your SSY account will successfully be transferred.

Documents required for transfer

• SSY passbook
• Aadhaar card
• PAN card