Documents required for Sukanya Samriddhi Scheme are to be kept ready while opening an account either in a post office or bank.
In fact, Post office Small Savings schemes are enormously advantageous as far as their rate of interest or accessibility is concerned. Furthermore, common people tend to understand the process fairly easily in India. Certainly, Sukanya Samriddhi is the best option for your daughter. Small Savings Schemes are significant in their presence rather with a large network of post offices in India. But they play a vast role in wealth creation and asset building. When we talk about small savings schemes, without mentioning the Sukanya Samriddhi account, it is not complete in nature. Sukanya Samriddhi Account is such a massive scheme designed entirely to support the financial security of a girl children specifically. Therefore, Prime Minister Narendra Modi has launched this prestigious scheme in January 2015. Particularly, this scheme aims to provide many prospects for girls, helping them accomplish their educational visions.
Sukanya Samriddhi is one scheme that is easy to understand and implement, ensuring that an individual can open and maintain this account hassle-free.
Moreover, the minimum deposit to open a Sukanya Samriddhi Yojana Account is now only Rs250. It used to be Rs1000 earlier. Also, to help the poor to participate in this girl prosperity scheme, the initial amount has been reduced by the Govt.
Meanwhile, the present rate of interest for Sukanya Samriddhi Yojana Account is 7.6%(1-4-2020 to 30-06-2020) compounded annually.
So, let’s see what are the documents required for Sukanya Samriddhi Scheme to open such an account in a post office or bank.
Documents required for Sukanya Samriddhi Scheme
You have to submit the following documents in a post office /bank to open a Sukanya Samriddhi Account in the name of girl child:
One of the First Documents required for Sukanya Samriddhi Scheme is: Date of Birth certificate
Above all, the first document required for Sukanya Samriddhi Scheme is the date of birth certificate and is essential as well. You may also be surprised to know that you will not be treated as a citizen of India if you do not have a valid date of birth. Also, such a person is ineligible for all the rights and benefits too. So, better you obtain the birth certificate of your girl child at the earliest from her date of birth. While it applies to the context here of the opening of the Sukanya Samriddhi Yojana Account. In other words, to open a Sukanya Samriddhi Account you need to provide proof of birth of the girl child to the post office/bank.
Who issues Date of birth certificate:
Generally, Date of birth or proof of birth of the girl child will be issued by the Municipal authorities (aka municipal birth certificate)/local bodies like Panchayats( panchayat secretary will be the issuing authority).In addition, a birth certificate is also issued by the hospital where the child was born. Date of the birth certificate issued by the school principal where the girl studies are also valid. The Govt officers can issue a certificate of domicile in case a birth certificate can`t be obtained.
Furthermore, it is crucial for the birth certificate to have the correct name of the girl child as this document makes her even eligible to withdraw the money on maturity. So, any discrepancies in details may cause complications in future rendering to delay in settlement of claims.
Address proof of parents/legal guardian
Secondly, address proof of the parents/legal guardians is one of the documents required for the Sukanya Samriddhi Scheme. The parents/legal guardian who wishes to open this account on behalf of a girl child are expected to furnish proof of their residence before an account can be opened. You need to submit a valid ID Card duly approved by Govt such as Passport, ration card, latest electricity bill, latest phone bill or driving license etc.as address proof.
Identity proof of parents/legal guardian
Thirdly, Identity proof of the parents/legal guardians is one of the documents required for the Sukanya Samriddhi Scheme. While opening a Sukanya Samriddhi Account, as a parent/legal guardian you need to submit valid ID proof so that the application is processed. Indeed, this could be any government-issued ID card like driving license, passport, Aadhar card, voter ID card, PAN card, ration card, etc.
|SLNO||Type of Document ID Proof Address Proof||Address Proof||ID Proof|
|4||Voters ID Card||Yes||Yes|
|5||Job Card by NREGA||Yes||Yes|
|6||Letter issued by National Population Registry confirming details of Name and Address||Yes||Yes|
|7||Bank Account statement||No||Yes|
|8||ID issued by Central / State Govt / PSU||No||Yes|
|9||Letter from employer||Yes||No|
|10||Electricity bill (but, not more than 3 months old)||Yes||No|
|11||Telephone bill (but, not more than 3 months old)||Yes||No|
• Voter ID / Ration Card / Passport / Driving License / Aadhaar Card having photo identity and current address also will be accepted as lD & Address proof as a single document.
Sukanya Samriddhi Yojana Account Opening Form:
Finally, the Sukanya Samriddhi Yojana Account Opening Form is one of the documents required for the Sukanya Samriddhi Scheme. You will normally be given an account opening form when you open an account in a post office. So, now, you have to fill the form with the relevant details completely. Then, you have to submit along with the documents required for the opening of Sukanya Samriddhi Yojana Account to the counter Postal Assistant/ Postmaster as the case may be.
Details in the Sukanya Samriddhi Yojana Account Opening Form:
To explain, the details include the name of the girl child, name and address of the guardian/parent, Date of birth of the girl child, ID proof details of the guardian, etc. So, it is mandatory to provide KYC documents at the time of opening of any account. Further, as per rules on the subject, you may have to submit a copy of the PAN(Permanent Account Number) card for any deposit exceeding Rs50,000 which is invariable.
You need to give the following declaration in the application form:
“ I hereby undertake to abide by the provisions/rules of the ‘Sukanya Samriddhi Account’ and amendments issued thereto from time to time.
I hereby declare that I have not opened or maintaining any other account under the same scheme in the name of …………(Name of girl child) in any other Post Office or Bank’’
Certainly, this is a precautionary declaration obtained from the parent/guardian that only one account is opened in the name of a girl child either in the post office/bank under the same scheme. So, you can not claim that you do not know anything that such a rule exists. Thus, either way, it is not beneficial to you if you violate the Govt rulings. So, better you follow them scrupulously.
Getting an SSY Account Passbook
You have to collect an SSY Account passbook that will be issued to you shortly on submitting the opening application form, relevant documents, and deposit amount. This time, after due scrutiny and satisfaction, and SSY Account passbook will be issued in the name of Girl child clearly mentioning the name and address of guardian/parent. Especially, it contains the details of the girl child including her name, date of birth, date of opening of an account, maturity date, name and address of the guardian, etc. Whenever you deposit in a post office or a bank you need to get the passbook updated as it is required at the time of withdrawal/closure.
In the case of the post office also, you may prefer to pay through IPPB App online at the comfort of your home. You may give Transactions Standing instructions either at the branch or set through Net banking for automatic credit to Sukanya Samriddhi Account.
Thus, you may open a Sukanya Samriddhi Yojana (SSY) account in any authorized post office branch or authorized branches of commercial banks.
In conclusion, now you know what are the Documents required for Sukanya Samriddhi Scheme fully. Further, if you have any doubt with regard to the topic you may say in the comments section below.