Sukanya Samriddhi Account is a government-backed savings scheme that provides long-term benefits to the new female child born in the family.
Launched as part of the Beti Bachao, Beti Padhao initiative, this account aims to secure the financial future of girl children and empower them through long-term savings
It provides an opportunity for parents to invest in their daughters’ education, marriage, and overall well-being over time. At maturity, the accumulated amount will be provided to the child or parent of the child.
This money can be used for marriage, education, etc. By opening an account under this scheme, parents can take advantage of the compounding effect and watch their investments grow over time.
The Sukanya Samriddhi Account not only offers attractive interest rates but also comes with numerous benefits and features that make it an ideal savings option for families.
In this article, we will discuss the specifics of how to calculate Sukanya Samriddhi Account, online and offline, etc.
Table of Contents
List of Banks Providing Sukanya Samriddhi Account
The following are the list of banks provides Sukanya Samriddhi Account-
- State Bank of India
- Punjab and Sind Bank
- Bank of Baroda
- Canara Bank
- Bank of India
- Bank of Maharashtra
- Central Bank of India
- Indian Overseas Bank
- Indian Bank
- UCO Bank
- Punjab National Bank
- Union Bank of India
- IDBI Bank
- Axis Bank
- ICICI Bank
How to Check Sukanya Samriddhi Account Balance?
The following are the step-by-step instruction to find the Sukanya Samriddhi account balance both online and offline-
Online
- Visit the official website of the bank where you hold the Sukanya Samriddhi Account and login to your net banking portal
- After logging in, navigate to the Sukanya Samriddhi Account section and further navigate to account balance section
- There will be listed your account balance details additionally, you may find details of recent transactions, interest earned, and other relevant information.
Offline
- Visit the bank or post office where you have a Sukanya Samriddhi Account
- Now, ask the bank representative about your balance details of your Sukanya Samriddhi Account
- He/she will provide you the details about the balance and interest rate
- You can also update the passbook for Sukanya Samriddhi Account
FAQ
You can check your account balance online through the official website of your bank or post office where the account is held. You can also visit the bank or post office in person and inquire about the balance.
Yes, you can check your Sukanya Samriddhi Account balance through the mobile app. Just login to your mobile banking app and navigate to the Sukanya Samriddhi Yojana section on your app and you’ll find all the details.
Generally, you will need to log in to your online account using your username and password. Some banks may require additional authentication steps, such as OTP (One-Time Password) verification.
Yes, as the guardian or parent, you have the authority to check the balance of your daughter’s Sukanya Samriddhi Account.
Generally, banks do not charge any amount for checking the Sukanya Samriddhi Account.
It is recommended to check the account balance periodically to stay informed about the growth of your investment and to ensure that the account is being maintained correctly.
Yes, you can request an account statement from your bank or post office, which will provide details of the transactions and the current balance of your Sukanya Samriddhi Account.
No, there is no requirement to maintain a minimum balance in the Sukanya Samriddhi Account. However, it is important to ensure that the account remains active and meets the necessary contribution requirements as per the scheme guidelines.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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