Personal Loan
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Sukanya Samriddhi Accounthas has been introduced vide Government of India Notification No. G.S.R.863(E) dated December 02, 2014 and circulated to Banks by Reserve Bank of India vide their letter No.RBI/2014-15/494/IDMD(DGBA).CDD/No.4052/15.02.006/2014-15 dated 11th March 2015. Facility to open accounts under the scheme is now available at our 760 Designated branches.

  • Objective: To promote the welfare of Girl Child
  • Who can open the account: A natural/ legal guardian on behalf of a girl child

  • Maximum number of accounts: Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children

  • Minimum and Maximum Amount of Deposit: Min.1000 of initial deposit with multiple of one hundred rupees thereafter with annual ceiling of Rs.150000 in a financial year

  • Tenure of the Deposit: 21 years from the date of opening of the account

  • Maximum period upto which deposits can be made: 15 years from the date of opening of the account.

  • Interest on Deposit: •Higher rate of interest @ 8.1%, compounded yearly w.e.f. 01.01.2018. (Changeable as per Notification from GOI)

  • Tax Rebate: As applicable under section 80C of the IT Act, 1961. In the latest Finance Bill, the scheme has been extended Triple exempt benefits i.e. there will be no tax on the amount invested, amount earned as interest and amount withdrawn.

  • Mode of Deposit: Cash/Cheque/Transfer/ online transfers through internet Banking .

  • Irregular Payment/ Revival of account: By payment of penalty of Rs.50 per year alongwith the minimum specified amount per year.

  • Premature Closure: Allowed in the event of death of the depositor or in cases of extreme compassionate grounds such as medical support in life threatening diseases to be authorized by an order by the Central Government

  • Withdrawal : 50% of the balance lying in the account as at the end of previous financial year for the purpose of higher education, marriage after attaining the age of 18 years.

  • Transfer of account: The account can be transferred anywhere in India from one Bank/Post Office to another.

  • NOTE: As this is a Govt. of India scheme, customers are advised to visit for latest instructions/ modification in the scheme.

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