List of 28 Banks for Sukanya Samriddhi Account

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana which is a long term savings plan for securing the future of girl child was launched by India’s honourable prime minister Shri. Narendra Modi on 22nd January 2015.

On the union budget presented on 28th February 2015 by Shri Arun Jaitely, Sukanya Samriddhi Scheme was declared as a tax free under Section 80C of income tax act. So everyone should take benefit of this scheme and secure their girl’s future. Moreover RBI has notified all the banks to update daily status of SSA transactions directly through the government account at it’s central account section. Failure in doing so will result in penal action i.e. such bank/branch can be de-authorized. Check out the benefits and features offered under this yojana.

On 11th March 2015, RBI declared the list of banks where interested parents or guardians can open account for the girl child. You can read in detail about the account opening form for SSA at India post office.

Here is the list of 28 banks (public and private) where parents can contact to open Sukanya Samriddhi Bank Account which is a small savings scheme:

  1. Allahabad Bank
  2. Andhra Bank
  3. Axis Bank Limited
  4. BoB – Bank of Baroda
  5. BoI – Bank of India
  6. Bank of Maharashtra
  7. Canara Bank
  8. CBI – Central Bank of India
  9. Corporation Bank
  10. Dena Bank Limited
  11. ICICI Bank Limited
  12. IDBI Bank Limited
  13. Indian Bank
  14. IOB – Indian Overseas Bank
  15. OBC – Oriental Bank of Commerce
  16. P&SB – Punjab & Sind Bank
  17. PNB – Punjab National Bank
  18. SBBJ – State Bank of Bikaner and Jaipur
  19. SBI – State Bank of India
  20. SBH – State Bank of Hyderabad
  21. SBM – State Bank of Mysore
  22. SBP – State Bank of Patiala
  23. SBT – State Bank of Travancore
  24. Syndicate Bank
  25. UCO Bank
  26. Union Bank of India
  27. United Bank of India
  28. Vijaya Bank

Apart from the above approved banks, Indian post offices has already started to open Sukanya Samriddhi Account. Check out interest rate calculation for this scheme where investing Rs.1,40,000 will earn you Rs.5,26,051 on maturity.  Also read similarities and difference between Sukanya Samriddhi Account and Public Provident Fund.

There are just 3 documents required for opening account as follows:

  1. Birth certificate of the girl child
  2. Address proof and
  3. Identity proof of guardian or parents

Also see Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana launched by government of India especially for poor people.

Author Bio:

Hi, I am Nikesh Mehta owner and writer of this site.

Nikesh Mehta - ImageI’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business.

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