You can open a Sukanya Samriddhi Yojana account at a post office, or at any commercial bank branch that the Central Government has authorised to open accounts under the scheme rules.
The account is opened with an initial deposit of at least two hundred and fifty rupees. The minimum deposit in any financial year is Rs 250, and you deposit in multiples of fifty rupees, up to Rs 1.5 lakh a year.
If the minimum of Rs 250 a year isn't deposited, the account is treated as in default. You can regularise it any time within 15 years of opening by paying a penalty of Rs 50 for each year missed, plus the minimum deposit for each of those years.
You can deposit into a Sukanya Samriddhi account by cash, demand draft or cheque. For a cheque or demand draft, the money is credited on the date the cheque or draft is cleared. Make the cheque or DD out to the postmaster of the post office or the manager of the bank branch. The depositor (parent or guardian) must write the account holder's name (the girl's name) and the account number on the back.
Documents needed to open a Sukanya Samriddhi Yojana account
- The girl's birth certificate
- Address proof
- Photo identity proof of the girl
- Photo identity proof of the parent or legal guardian, including their Aadhaar and PAN