Sukanya Samriddhi Account in post office. With the implementation of the SSA in the nation, the parents of female children are flocking to the banks and the post offices near them to open an account as soon as possible. The alluring tax benefits and the high interest rates make this small investment scheme more profitable than the others.
Sukanya Samriddhi Account in post office
Apart from the nationalized banks, the government has also kept the provision of opening the Sukanya Samriddhi account in the nearby post offices. The procedure of opening the account and the benefits one will acquire will be the same. There is no much difference between the process of opening a SS account in the bank and the post office.
Documents required in the post office
As it has already been mentioned that the method of proceeding is same, the parents willing to open an account under the system will have to produce the certificate of age of the female child, the residential proof, the relation proof and the ID proof in the post office. All these documents will have to be attached with the application form.
Opening an account in the post office
An advantage of opening a Sukanya Samriddhi account in the post office is that the willing candidates will not be bothered by the agents, as in the banks. All they need to do is get to the nearest post office. Then the candidate will have to collect the application form from the counter and fill it up with all the details. Once this has been done, the necessary attested documents will have to be attached with the form. Then the form needs to be submitted. Once they have deposited the specific amount in the post office, the Sukanya Samriddhi Account will be activated. The candidates will then have to get hold of the passbook for keeping a track of the entries.
Initial sum to be deposited in the post office
According to the guidelines of the scheme, the candidate, willing to open a SS account in the post office will have to deposit the primary sum of Rs. 1000 in the account. Once this has been done, the person can make any number of deposits in the account. All the deposits must be multiples of Rs. 100. The government or the post office will not deduct any amount for the number of deposits made in the account.
People who must be present
During the activation of the account, the female child, in whose name the account will be opened, is not required to come to the post office. As the verification of the ID and the papers will be required, the official guardian or the parents of the female child will have to be there in the post office. The person will be asked to sign the documents and for aiding other kinds of verifications.
When the account has been opened, the person will have to make sure that he/she collects the passbook. It will come in handy for withdrawing the money at the end of the tenure.
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