Opening of Sukanya samriddhi Yojana?

Question

Is it necessary to open a minor account with bank to open a account under I already have a bank account with Noida, Sector 18 branch. With all the documents mentioned for opening a SSY account I went to Noida, Sector 18 branch but they asked to get opened a minor account with 10k balance first . Need help regarding this. Is it not possible to open SSY account with

Answer 1

Atul,

At the outset, let me clarify that this site is designed by a group of Senior Banking Professionals to assist Bank Customers to provide guidance for resolution of any complain/query in respect of financial services. This site does not belong to any Bank nor a regulator, which may please be noted.

A SSY account can be opened in the name of girl child who is up to 10 years old. Some exemption up to 1.12.2015 is allowed in respect of age. A minimum of Rs 1000/- and maximum of Rs 150,000/- can be deposited over a period of one year. At present, interest rate of 9.2% p.a. Is payable till further revision. The account would mature upon girl child attaining age of 21 years. The married girls could prematurely close the account after the age of 18 years. These are salient features of the scheme.

Regards

Deepak