SUKANYA SAMRIDHI ACCOUNT

  • Minimum INR. 250/- and Maximum INR. 1,50,000/- can be deposited in a financial year.
  • Subsequent deposit in multiple of INR 50/- Deposits can be made in lump-sum.
  • No limit on number of deposits either in a month or in a Financial year
  • legal Guardian/Natural Guardian can open account in the name of Girl Child.
  • A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
  • Account can be opened up to age of 10 years only from the date of birth.
  • If minimum Rs 250/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
  • Deposits may be made in the account till the completion of a period of fifteen years from the date of opening of the account
  • Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
  • Account can be closed after completion of 21 years.
  • Normal Premature closure will be allowed after completion of 18 years on the occasion of marriage (1 month before and 3 month from date of marriage)
  • Online Deposit facility is available through Intra Operable Netbanking and IPPB Saving Account.