Sukanya Samriddhi Yojana in SBI Bank
Hurray here comes the RBI ruling now you can open Sukanya Samriddhi Yojana Account in SBI Bank. This news comes as a pleasant surprise for all the parents who wanted to open Sukanya Samriddhi Account for this current fiscal. RBI have also gave the sample form to be used. These are the list of State Banks that can now open Sukanya Samriddhi Yojana Account
As of Today May 27 SBI has got the instructions and forms to open Sukanya Samriddhi Account. You just have to approach the branch with your and daughters photo, ID proof, address proof and Birth Certificate of girl child.
You are allowed to open both SSY and PPF account for your daughter but it has been noticed that there seem to be some problem in SBI software which does not allow this.
|SNo||State Banks Allowed to open SSA|
|1||State Bank of India|
|2||State Bank of Patiala|
|3||State Bank of Bikaner & Jaipur|
|4||State Bank of Travancore|
|5||State Bank of Hyderabad|
|6||State Bank of Mysore|
State Bank of India (SBI) is the largest bank in India. It has the largest branches all around in India. It is the most reached bank in rural India. Private Banks have captured a lot of market in metro cities mainly due to the inefficiency of the government working culture.
You have to struggle a lot if you have to make SBI employee work. They come up with more problem then the resolution. My views may be a bit biased as the Palam Vihar SBI Branch of Gurgaon has made my life difficult. I eventually have to move myself to other banks.
Well this article is not about my struggle in SBI but for the guys who want to open Sukanya Samriddhi Yojana Account in SBI. Sukanya Samriddhi is a new scheme launched by government of India under the beti bachao beti padhao yojana and currently can be opened only in Post Office.
Government is working on the banks that might be given the permission to open Sukanya Samriddhi YojanaAccount. The list of banks is still not revealed.
Since there is a very less time remaining for the FY 2014-15 to end so if you want Sukanya Samriddhi Account in this Financial Year then you do not have the option to open it in SBI. You will have to rely of the post office.
Can I transfer my SSY account
Yes you can do this. Sukanya Samriddhi account work exactly similar to PPF accounts. So you can transfer you SSY account to or from SBI banks. The complete process can be see in this official Sukanaya Samriddhi Site.
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