How to Check Sukanya Samriddhi Account Balance by SMS

Sukanya Samriddhi Yojana ranks amongst the most sought-after saving schemes in India. The scheme aims at financially securing the future of a girl child. As a parent/guardian, one needs to be regularly updated about one’s account balance. Though there are several ways to check your SSY account balance, checking through SMS is one of the most hassle-free methods. In this article, we will explain the complete process to check your Sukanya Samriddhi Account balance through SMS and give you more information about the scheme.

Understanding Sukanya Samriddhi Yojana

Before getting into the details of the SMS balance check process, let us quickly recall the Sukanya Samriddhi Yojana:

1. Launched in the year 2015 as a part of the “Beti Bachao, Beti Padhao” campaign
2. Provides exciting interest rates and tax benefits
3. Account can be opened for girls up to 10 years old
4. Matures when the girl turns 21 or at the time of her marriage after 18

Checking SSY Account Balance through SMS

This SMS method to check your Sukanya Samriddhi Account balance is quick and easy. Here are the steps:

Step 1: Generate new message

Start by opening the application of SMS in your phone. Then generate an SMS.

Step 2: Format of Message

The format varies depending on your bank. Here are the formats of major banks:

State Bank of India: SSBY account number

Punjab National Bank: SSY account number

Bank of Baroda: SSBY account number

Canara Bank: SSBY account number

Step 3: Send message

It has to be sent to the number given by your bank. Some of these numbers are:

– SBI: 9223766666

– PNB: 5607040

– Bank of Baroda: 8422001916

– Canara Bank: 9015734734

Step 4: Get the balance details

In a few seconds, you will get an SMS with the balance of your Sukanya Samriddhi Account.

Advantages of Balance Enquiry through SMS

1. Convenience: The balance can be checked anywhere and at any time.
2. Speed: You get fast updates without visiting the bank.
3. No internet required: Useful in places with poor connectivity
4. Free service: This service comes free of cost from most banks

Other Ways to Check SSY Account Balance

Although SMS is hassle-free, the following are other methods you can follow to know the balance of your Sukanya Samriddhi Account:

1. Online banking: Log into your bank’s net banking portal
2. MBanking app: Utilize your bank’s official mobile application
3. Bank visit: Make an enquiry at the local branch
4. ATM: Some banks have arranged for balance enquiry through ATMs
5. Update of Passbook: Go to the bank and update the passbook

Some Tips on Maintaining Your Sukanya Samriddhi Account

1. Regular deposit: Deposit regularly to get maximum benefits
2. Interest rates: Keep watching for notification on changes in rate of interest
3. Account monitoring: Enquire about balance and statements periodically
4. Conditions of withdrawal: Know conditions for partial withdrawal
5. Maturity: Be ready for closure or continuation of the account once your daughter reaches the age of 21 years

Why Check Your Sukanya Samriddhi Account Balance Regularly?

There are several reasons why regularly checking your Sukanya Samriddhi Account balance is very important:

1. It ensures that your deposits are properly credited to the account.
2. Interest accrual is properly visible.
3. You can make financial planning for the future of your child properly.
4. Unauthorized transactions can be spotted.
5. It will keep you motivated to continue saving.

Conclusion

Knowing how to check the balance of your Sukanya Samriddhi Account via SMS is definitely a great way to be updated about your savings. Through these steps given in this article, you shall easily track the growth of your account and therefore secure a financially sound future for your daughter. Combine regular checking of your balance with high consistency in contributions and sharp financial planning to enable you to take full advantage of this government welfare scheme.

More methods against your SSY account balance may become available with time and changing technology. Keep an update on them, and choose the one that best suits you. Having taken charge this way of actively managing your Sukanya Samriddhi Account will be a giant leap in the direction toward empowering your daughter’s future.