Axis Bank Sukanya Samriddhi Account Form - Summary
Download the Axis Bank Sukanya Samriddhi Account Form in PDF format here. This account can be opened by the natural or legal guardian of a girl child for up to two girl children. However, if there are twins as the second birth or three girl children from the first birth, the guardian may open three accounts. A certificate from competent medical authorities is required to confirm these births.
Axis Bank Sukanya Samriddhi Account Form (Documents Required)
- SSY Account Opening form
- Birth Certificate of the girl child, having the child’s name on it
- Photograph of the parent/ legal guardian of the girl child
- KYC Documents (Identity & Address Proof) of the parent/ guardian.
- For the list of KYC documents
- Passport
- Driving License
- PAN
- Voter ID Card (Issued by Election Commission of India)
- Job Card by NREGA duly signed by an officer of the State Government
Salient Features of the Sukanya Samriddhi Yojana (SSY) Account
- The account can be opened in the name of a girl child until she turns 10 years old.
- Only one account can be opened in the name of each girl child.
- The minimum deposit amount for this account is ₹1,000 per financial year, and subsequent deposits should be in multiples of ₹100 (subject to change as per Ministry notification).
- The maximum deposit is ₹1,50,000 per financial year (subject to change as per Ministry notification).
- If the minimum amount of ₹1,000 is not deposited in a financial year, the account will become irregular and can be revived with a penalty of ₹50 per year and the minimum amount required for that year.
- The interest rate, as notified by the Government, will be calculated annually on a compounded basis and credited to the account.
- After the girl child turns 18, one withdrawal is allowed to meet education or marriage expenses, which will be 50% of the balance at the end of the preceding financial year.
- The account can be transferred anywhere in India from one post office or bank to another.
- The account matures after 21 years from the date of opening. However, if the girl child marries before turning 21, the account cannot be operated beyond her marriage date, provided she is at least 18 years old.
Download the Axis Bank Sukanya Samriddhi Account Form in PDF format using the link given below or an alternative link. 📄