These FAQs are the continuation of the post on "Sukanya Samriddhi Yojna" posted on 18-03-2015,
1. Where can the account
be opened?
As per
Sukanya Samriddhi Account Rules, 2014 account can be opened in any branch of
the Commercial Banks as autorised by the Government or in any branch of the
Post Office in India.
2.
With
what amount, account can be started/opened?
The
account may be opened with an initial deposit of one thousand rupees (Rs.1000/-), and a maximum amount of Rs. One lakhs fifty
thousand can be deposited in a year.
3.
How
many times a person can deposit in the account in a particular year?
Any
amount in multiple of one hundred rupees
may be deposited on a single occasion or on multiple occasions however total
amount deposited in a financial year should not exceed one lakh fifty
thousand rupees.
4.
Is
there any minimum to deposit every year?
Yes. Minimum
Rs.1000/- is to deposited every year to maintain this account.
5.
What
would be consequence if minimum amount not deposited in year?
Account
would become irregular account but same may be regularized on payment of a
penalty of fifty
rupees per year along with
the minimum subscription of Rs.1000/- for the year (s) of default any time till
the account completes fourteen years.
6.
For how
many years, amount has to be deposited to keep account as regular?
Deposits
can be made till completion of fourteen years from the date of opening of the account.
7.
What is
maturity period of the Account?
The maturity of the account is 21 years from the date of
opening of account or if the girl gets married before completion of such 21
years. In other words No Deposit for the period
from 15th to 21st Year of account.
8.
What is
mode of payment for Deposit?
Amount
can be deposited either in cash or Cheque or demand draft.
9.
Who can
operate this Account?
Upto
age of 10 year of the girl, account can be operated by Natural or legal
guardian, After 10 years of age by girl
herself but deposit should be made by Guardian only
10. What types of documents are need to open
account?
Document required for opening Sukanya
Samriddhi account are:-
o
Birth certificate of girl child by competent Authority
o
Address proof
o
Identity proof
11. What is Interest rate in this account?
Presently
interest rate has been notified at the rate of 9.10% however it will vary year
to year as will be notified by the Government for the particular year.
12. Is it simple interest or compounding?
It is compounding rate and Interest will be
compounded yearly and will be credited to account till the
account completes fourteen years from the date of opening.
13. Would deposit amount fetch any interest
after maturity if account not closed on maturity?
If
account is not closed after maturity, balance will continue to earn interest as
specified for the scheme from time to time.
14. Can account be closed before maturity?
In following situations account can be pre closed:-
(i) On
opening an account, the depositor shall be given a pass book bearing the date
of birth of the girl child, date of opening of account, account number, name
and address of the account holder and the amount deposited.
(ii)
The pass book shall be presented to the post office or bank, as the case may
be, at the time of depositing money in the account and receiving payment of
interest and also at the time of final closure of the account on maturity.
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