Details of Sukanya Scheme from SBI Central Delhi

  • Location: Central Delhi, Delhi
  • Date: September 2, 2015
  • Posted By: Amit

Objective: To promote the welfare of Girl Child


Who can open the account: A natural/ legal guardian on behalf of a girl child


Maximum number of accounts: Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children


Minimum and Maximum Amount of Deposit: Min.1000 of initial deposit with multiple of one hundred rupees thereafter with annual ceiling of Rs.150000 in a financial year


Tenure of the Deposit: 21 years from the date of opening of the account


Maximum period upto which deposits can be made: 14 years from the date of opening of the account


Interest on Deposit: As notified by the GOI, compounded annually with option for monthly interest pay-outs to be calculated on balance in completed thousands.( Current rate 9.20%)


Tax Rebate: As applicable under section 80C of the IT Act, 1961.


Premature Closure: Allowed in the event of death of the depositor or in cases of extreme compassionate grounds such as medical support in life threatening diseases to be authorized by an order by the Central Government


Irregular Payment/ Revival of account: By payment of penalty of Rs.50 per year alongwith the minimum specified amount per year


Mode of Deposit: Cash/Cheque/ Demand Draft


Withdrawal : 50% of the balance lying in the account as at the end of previous financial year for the purpose of higher education, marriage after attaining the age of 18 years.


NOTE: As this is a Govt. of India scheme, customers are advised to visit www.nsiindia.gov.in for latest instructions/ modification in the scheme.

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