How to Transfer Sukanya Samriddhi Account

Sukanya Samriddhi Yojana

It is a Government-backed Scheme for creating a corpus for your daughter’s education and career advancement.

Who is Eligible?

A parent or legal guardian can open an account in the post office for a resident Indian girl child aged up to 10 years under SSY.

Why to Invest?

8% interest per annum & deduction up to ₹ 1.5 lakhs under section 80C of the IT Act.

How to Invest?

You can open a Sukanya Samriddhi Account for your girl child under 10 years old in any authorised bank or post office branch.

How to Open an SSY Account?

Visit & request a Sukanya Samriddhi Account form at your nearest post office or bank branch.

Special Feature

You can transfer the SSY Account from a bank to a post office or vice-versa.

Conditions to Transfer

The account can be transferred only from the branch that currently holds the account. Submit valid identity proof.

How to Transfer?  Step 1:

Get a transfer form your bank or post office branch where you hold the account and fill out the same.

Step 2:

Visit the original bank or post-office branch for the SSY account & submit the form with the original passbook.

Step 3:

Branch will review documents & process the transfer request by closing your account. You'll get the documents for the new bank/post office.

Step 4:

Visit the new bank/post office branch, submit the documents and a new account opening form, or complete the process online.

SSY Advantage

The SSY is an excellent long-term investment scheme as it provides the benefit of annual compounding.