List Of Banks That Offer Sukanya Samriddhi Yojana

A parent or guardian of a girl child can simply register a Sukanya Samriddhi Yojana account. This savings plan is for a girl kid between the ages of ten and twenty-one. The Sukanya Samriddhi Yojana allows for a maximum investment of Rs 1.5 lakh each year. The SSY also has the EEE tax provision found in Section 80C. Only when the girl reaches the age of 18 is it possible to take the cash prematurely. After 21 years of age, the Sukanya Samriddhi Yojana account will also mature. The Sukanya Samriddhi Yojana account pays a 7.60 percent interest rate. The maturity sum at the conclusion of the period may also be calculated using the Sukanya Samriddhi Yojana calculator. The Indian government has given permission to several Indian banks to create Sukanya Samriddhi Savings accounts (SSA). State Bank of India (SBI), Syndicate Bank, UCO Bank, Indian Bank, IDBI Bank, Canara Bank, and others are among them.

List Of Banks that provide the Sukanya Samriddhi Yojana 

The names of the banks that provide Sukanya Samriddhi Yojana accounts to all eligible persons are listed below:

1. Sukanya Samriddhi Yojana of Allahabad Bank 

According to the Indian government's instructions, anybody under the age of ten can register an Allahabad Sukanya Samriddhi Yojana account in the name of a girl child. The Allahabad Sukanya Samriddhi Yojana account may be opened with a minimum deposit of Rs 250.

2. Sukanya Samriddhi Yojana of Andhra Bank 

The procedure of creating an account with Andhra Bank Sukanya Samriddhi Yojana is simple and painless. The Andhra Bank Sukanya Samriddhi Yojana account has been combined with the Union Bank Sukanya Samriddhi Yojana account as of April 1, 2020. Contributions to the SSY account will increase at predetermined rates and remain locked in until the girl reaches the age of 21.

3. Sukanya Samriddhi Yojana of Axis Bank

Every girl kid would benefit from the Axis Bank Sukanya Samriddhi Yojana account. This savings plan encourages parents to save for their children and to pay their financial obligations on time. The Axis Bank Sukanya Samriddhi Yojana account can be opened by the child's father or guardian, who must then complete the instructions.

4. Sukanya Samriddhi Yojana of Bank of Baroda

The Bank of Baroda Sukanya Samriddhi Yojana account enables parents of a female child to set away funds to assist them reach future goals and realise ambitions. The method for opening a Bank of Baroda Sukanya Samriddhi Yojana account is simple and assists parents in building a corpus for their daughter.

5. Sukanya Samriddhi Yojana of the Bank of Maharashtra

When parents register a Sukanya Samriddhi Yojana account with the Bank of Maharashtra, they won't have to worry about future costs for their daughter. The Sukanya Samriddhi Yojana of the Bank of Maharashtra covers the necessary expenses, and the female child receives a guaranteed payment.

6. Sukanya Samriddhi Yojana of Canara Bank

The Canara Bank Sukanya Samriddhi Yojana empowers every female child and gives them the tools they need to achieve their goals in the future. The Canara Bank Sukanya Samriddhi Yojana deposit period runs from the beginning of the deposit until the age of 21.

7. Sukanya Samriddhi Yojana, ICICI Bank

When parents register an ICICI Bank Sukanya Samriddhi Yojana account, they won't have to worry about spending for their daughter's bright future. The ICICI Bank Sukanya Samriddhi Yojana would operate as a financial safety net for girl children, allowing them to pursue their passions without fear of financial ruin.

Conclusion

Anyone who wants to participate in the Sukanya Samriddhi Yojana must create an account in the name of a girl child. The Sukanya Samriddhi Yojana account can be opened at any authorized bank or post office in the area. Furthermore, the RBI has authorized a total of 28 banks that provide the Sukanya Samriddhi Yojana account opening service. We've also created a list of banks that provide Sukanya Samriddhi Yojana Accounts.

Also read - Why Is It Important For Parents To Invest In A Child Plan?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.