Sukanya Samriddhi Account for NRI: All you need to know is a complete guide on this topic. Specifically, in this guide you will get answers for many of your questions like:
NRI can open Sukanya Samriddhi account? or Can Sukanya Samriddhi Account be Opened for NRI? or Can NRI Open Post Office Account?
What is the Sukanya Samriddhi Yojana eligibility for NRI?
What if Sukanya Samriddhi Yojana for NRI is opened prior to become NRI?
And action thereafter-Sukanya Samriddhi NRI and lot`s more.
Let’s dive in right now.
Sukanya Samriddhi Account for NRI has been a frequently asked question by many out of curiosity certainly. Meanwhile, Non-resident Indians (NRIs) have always found a way to stay in touch with their native land.
Table of Contents
Sukanya Samriddhi Yojana for NRI
Why NRIs are interested in the Sukanya Samriddhi Account?
Though they live far-off from their native land, by means of investment in India, they stay connected and feel to be a citizen of India.
Specifically, the reason for showing interest by NRIs is :
(i)With adequate amounts also being available with them to invest they wish to save money for the girl child. Moreover, it helps in their girl child’s higher education and marriage.
(ii) Higher costs of higher education are one of the reasons. Therefore, they need to build a corpus to make their children study in a good college/university. Finally, a scheme like SSY may come as a savior.
(iii) Also, the other reason is that expenditure for marriage is exorbitant in foreign countries even.
So, to mitigate this one has to plan for in advance. Ideally, NRIs think about what is working well in India also to apply the same without risking their money in the market/equities.
(iv) The rate of interest in secured investments is as low as 2% in the USA/ any other foreign country. But, the Sukanya Samriddhi account offers a high rate of interest.
Rank | America’s Best Savings Account Rates: 1st Quarter, 2020 | 2020 Q1 Avg APY |
1st place | SFGI Direct | 1.89% |
2nd place | UFB Direct | 1.89% |
3rd place | Salem Five Direct | 1.71% |
4th place | MySavingsDirect | 1.70% |
5th place (tie) | American Express National Bank | 1.70% |
5th place (tie) | Marcus by Goldman Sachs | 1.70% |
(v) So, Sukanya Samriddhi Yojana has become highly popular in India for the security of girl children’s prosperity.
Moreover, their connection with the country makes them feel connected in terms of investment as well.
Hence, NRIs feel that investment that works for Indians work for them too. Sukanya Samriddhi Yojana for NRI Child is the immediate resort they think of.
(vi) EEE-Tax benefits offered through Sukanya Samriddhi Yojana Account also attract them as it is thought possible through NRI Sukanya Samriddhi Account.
SSY For NRI: Sukanya Samriddhi For NRI
In particular, in the above context, NRI`s see it as a popular investment opportunity.
Further, new opportunities have paved the way for people to explore unknown territories, moving away from the comfort of their home to rediscover themselves.
Of course, Indians have been at the forefront of experimentation, finding places for themselves in different parts of the globe. Sukanya Samriddhi Yojana Account for NRI is often thought of.
In fact, NRI always finds ways to stay connected to their motherland irrespective of the fact that they are far away from their country.
So, even after being away from their native place, investments have become one of such ways to maintain a connection with homeland.
As a result, creating a win-win situation for the individual and the country`s growth. For this reason, Sukanya Samriddhi Account for NRI has been in their mind from the time the scheme is launched.
What is sukanya samriddhi Yojana ?
It is a fact that the Sukanya Samriddhi Scheme is one such path that encourages the well-being of the girl child especially by contributing to her financial security.
Further, the SSY account helps in fulfilling her educational and marriage needs.
On 23-07-2018, keeping view of the difficulty in participating in the poor in this account, Govt has taken a decision to reduce the initial deposit in particular for the opening of the Sukanya Samriddhi Yojana account from Rs1000 to Rs.250.
Also, it has the highest compound interest rate for the April-June quarter in 2020 is 7.6%.
So, now let’s see the status of Sukanya Samriddhi Account for NRI also known as the SSY scheme for NRI.
Sukanya Samriddhi Yojana NRI
Can NRI Open Sukanya Samriddhi Account?
Status of Sukanya Samriddhi Accounts for NRIs
Prime Minister Narendra Modi, has launched Sukanya Samriddhi Scheme with an aim to uplift the position of girls specifically in the country.
Also, this scheme has prompted a lot of responses including the NRI community abroad.
Of course, as per the rules and provisions on the subject as of date, NRIs are not eligible to open a Sukanya Samriddhi account for their daughters.
Is Sukanya Samriddhi Yojana Applicable For NRI?
Residential Status for SSY account
Firstly, the Sukanya Samriddhi Scheme is for the Resident Indian ONLY. So, an NRI is not eligible for opening the SSY account.
Indeed, this restriction applies to the girl and guardian both. Sukanya Samriddhi Account is deemed to be closed once you become NRI. So, it is better to withdraw the balance of the Sukanya Account if you are going to settle abroad.
Once the parents of the girl child become an NRI, you have to go for premature closure of the SSY account. Then, you have to inform the post office within a month of becoming an NRI.
Can the Sukanya Samriddhi account be opened in the name of a girl child who is NRI?
Can NRI Invest In Sukanya Samriddhi Yojana?
You need to understand that a girl child who is a resident Indian citizen when (at the time of opening the account) you open an account is ONLY eligible for an SSY account.
Further, it remains so until the maturity or the closure of the account. However, Non-resident Indians are not eligible for the opening of an SSY account.
If you or your child’s residential status changes to non-resident or she takes up another country’s citizenship during the term of the scheme, no interest shall be payable from the date of becoming NRI.
What if a Sukanya Samriddhi account is already opened and subsequently becomes NRI?
Can NRI Continue Sukanya Samriddhi Account?
Interest is not payable once the duration of the scheme is completed. In addition, interest is not payable if the girl becomes a Non-resident Indian (NRI) or a non-citizen.
But, if the girl child becomes a non-citizen or a non-resident, the account will be deemed as closed. Also, You (guardian or the girl child) may have to inform any such change in status within one month from the change in status.
Then, apply for closure of the account and withdraw the amount.
Sukanya Samriddhi account for NRI Child
What if the Girl child passes away meanwhile?
In case the girl child passes away, the balance that is available in the account can be withdrawn by the guardian. However, the death certificate must be submitted.
Conclusion
In conclusion, You may see the SSY scheme extended to cover NRIs in the future considering the increased participation of the NRI community in Indian life and politics.
This would depend on the government in power at that time and is currently nothing more than an assumption.
Finally, Sukanya Samriddhi Account for NRI child is not permitted as of now.
In case if you have any doubts about the topic of the Sukanya Samriddhi Account for NRI child, feel free to drop a comment.

I’m a resident Indian at present
I opened ssa account for my daughter in 2015
We as a family are planning to move to uk next year
What should I do now???
Plz guide
As per para 14 (b) and (c) of Sukanya Samriddhi Rules in CBS Manual in Department of Posts:
“ 14(b) If the Account holder (Girl Child) becomes a non-citizen or non-resident of India after the opening of the Account, intimation to this effect shall be given by the Guardian or the Account holder to the Post Office or Bank concerned, within a month of change of such status. Such Account shall not earn any interest from the date of the change of status of the Account holder‟s citizenship or residence. Such Account shall be deemed to be closed prematurely from date of such change of residency or citizenship of the Account holder even if the intimation is given late (for whatever time) to the Post Office or the Bank concerned. For example, if the account was opened on 13.5.2015 and Account holder becomes NRI or Non-Citizen on 28.3.2018 but intimation was given on 4.4.2020, the account shall be treated as deemed closed on 28.3.2018.”
Final Inference is:
You can continue the SSA account till your girl child is resident Indian. The date on which she (your daughter) becomes NRI, the SSA account needs to be closed. If it is continued, it will not earn any interest.
I hope this information helps. CBS Manual referred above has been emailed to you personally for your reference(Please check out page:146 under chapter 9).
When the girl becomes NRI, is there a template, form or letter to notify the bank? Also will the money in account given to guardian immediately after closure of the SSY account, or is it locked till the account or girl becomes of age 14 years.?