How to Open Sukanya Samriddhi Account in Bank of India? Document Required, Eligibility, etc.

then you should open this account for her. This not only provides a high return but also provides a tax benefit to you which is up to 1.5 lakhs.

This savings instrument is also tax exempted with EEE status meaning, the interest offered, principal amount, and maturity amount will be tax-free.

You can open a Sukanya Samriddhi Yojana Account in different banks. Bank of India is one such bank that provides the Sukanya Smariddhi Yojana account opening.

In this article, we will discuss how to open a Sukanya Samriddhi Account in the Bank of India? document required, eligibility, etc.

How to Open Sukanya Samriddhi Account in Bank of India Document Required, Eligibility, etc.

Eligibility Criteria for Sukanya Samriddhi Yojan Account

The following are the eligibility criteria for Sukanya Samriddhi Yojana Account-

  • Only girl children are eligible to open the Sukanya Samriddhi Yojana Account
  • Only one account per person is allowed and the girl child should be a citizen of India and resident Indian at the time of opening the account.
  • Sukanya Samriddhi Yojana is only allowed to two accounts per family meaning two girl children of a family will be eligible for subscribing to this account the third (if any) will not be eligible, however, if in second pregnancy the parents had more than one girl child then both of them are eligible
  • The maximum age for opening Sukanya Samirddhi Yojana is 19 years

How to Open Sukanya Samriddhi Account in Bank of India?

You can open Sukanya Samirddhi Yojana offline only, which is as follows-

  1. Visit the Bank of India premises

    Visit the nearest Bank of India premises and ask the bank representative for the account opening form for SSY

  2. Fill the form

    Now, fill the form with correct details like name, parents name, age, etc.

  3. Attach the documents and submit the form

    After filling out the form attach the documents mentioned below and submit the form to the bank representative

  4. Bank will process, your account will be opened

    Now, the bank will process your request and issue you a passbook after opening the form

Documents Required for Sukanya Samriddhi Yojana Account

The following are the documents required for Sukanya Samriddhi Yojana Account in Bank of India-

  • Birth certificate of the girl child
  • Photo ID of parents or legal guardian- Aadhaar Card, Voter’s Card, etc.
  • Address proof of parents or legal guardian
  • Passport size photograph of the child and parent

FAQ

How many years does one need to pay for Sukanya Samriddhi Yojana?

The parent of the account holder is required to deposit the funds till the girl attains the age of 15 years which is the maximum required for payment, however, you are required to contribute to the account till the account attains maturity.  

What are the minimum and maximum amounts required for Sukanya Samriddhi Yojana?

The minimum amount required for depositing the Sukanya Samriddhi Yojana is Rs.250/- per year and the maximum amount for depositing per year si Rs.1.5 lakhs.

What will happen if I deposit more than the prescribed maximum amount?

If you deposit more than the prescribed maximum amount then the amount exceeding more than 1.5 lakhs will not get the interest and only principle exceeding more than the amount will remain in the account.

What are the age criteria for the Sukanya Samriddhi Yojana Account?

The maximum age for opening the Sukanya Smairddhi Yojana is 10 years of age and no minimum age criteria for opening the account.

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