Documents Required for Sukanya Samriddhi Yojana

In the list of Government-backed popular saving schemes in India, the Sukanya Samriddhi Yojana occupies one place, which aims at providing the girl child with a secure financial future. Now, opening an account requires certain documents. Here in this article, it shall guide you through that much-needed paperwork, as it will help ensure a smooth application process for the Sukanya Samriddhi Yojana.

Understand What Sukanya Samriddhi Yojana is

While taking a plunge into what documents need to be furnished, let us, for the record, briefly revisit how Sukanya Samriddhi Yojana can be said to involve a savings scheme pertaining to girls below 10 years of age. It bears highly attractive interest rates and tax benefits. The objectives include support for the education and marriage expenses of girls. It can be opened in any post office or banks authorized by the government. Now, let us see the documents required to open an SSY account.

Documents Required to Open an Account

1. Birth Certificate of the Girl Child

The birth certificate is the most prime document that has to be produced at the time of opening an SSY account. The said document will prove the age and identity of the child. Keypoints-

It should bear the issuance by competent authority.

The date of birth of the child clearly mentioned.

The name of the child which appears in the other documents shall also appear in the birth certificate.

• Identity Proof of the Parent/Guardian

As the account can be opened by a parent or guardian only, he/she has to provide identity proof. Documents acceptable are:

Aadhaar Card

PAN Card

Passport

Voter ID Card

Driving License

• Address Proof of Parent/Guardian

The following documents have to be submitted for address proof of the account holder:

Aadhaar Card

Utility bills (electricity, water, or telephone)

Passport

Rental agreement

Bank statement with current address

• Passport-sized Photographs

Recent passport-sized photographs of the following are required:

Girl child: 2

Parent/guardian opening the account :1

The photos should be of standard size and clearly visible.

Additional Documents in Certain Cases

• Proof of Legal Guardianship

If the account is opened by any person other than the biological parents, then a copy of:

Court order appointing such person as a guardian,

Adoption certificate, if adopted

• Proof of Indian Citizenship

In case of NRIs opening the account:

Indian passport

OCI card

• Bank Account Details

For electronic transfers/credit of interest, the following may be required –

Cancelled cheque leaf

Bank passbook copy

KYC Compliance Documents

• KYC Form

Banks and post offices also require a KYC form to be filled. This comprises of the following :

Particulars of account opening guardian and the minor child

Specimen signature of the guardian

Declaration regarding correctness of the informations given above

• PAN Card of the Parent/Guardian

Though not mandatory, a PAN card can make the KYC process smoother and may also be of help in other tax-related issues.

Documents for Account Operation

1. Withdrawal Form

In case of partial withdrawal (permitted after attaining the age of 18 years):-

* Duly filled-up withdrawal form

* Declaration of use registration/admission for education or marriage

* Proof of relevant expense- admission letter, invitation card, etc.

Closure of Account

At the time of closure of account on maturity:-

* Account closure form

* Original pass book

* Proof of Identity: Account holder now an adult.

Tips and Tricks to Make Your Application Smooth

* Carry originals with self-attested photocopies.

* Make sure that all the documents are latest and valid

* Name and details on the various documents should be consistent

* Keep a digital copy of all submitted documents for future use

Mistakes To Avoid

* Submission of complete documents or documents with outdated information

* All places not signed in the application form

* Inconsistencies in the information across documents; failure to carry original documents for verification.

Opening a Sukanya Samriddhi Yojana account is, therefore, an important step toward finding your daughter’s future safe and secured. Ensure that you have all documents so that everything gets processed without hassle. Do verify from your bank or post office if they need any more documents.

The documents to be submitted for SSY are simple and self-explanatory in nature. Once you are well-prepared and have paid due care, you can easily open your account and start investing in your child’s bright future.