Sukanya Samriddhi Account: Sukanya Samriddhi Yojana (SSY) is a scheme of the Government of India, which was launched to financially secure the future of daughters. Under this scheme, parents or parents can open an account for their daughter before the age of 10 years. This account can be opened in post office or an authorized bank. Many times people want to transfer their Sukanya Samriddhi account from the post office to the bank, so that they can get online banking facility or management easier. This process is quite simple and can be completed in some easy steps.
Why can it be necessary to get an account transfer?
Sukanya Samriddhi account is easy to open in the post office, especially in rural areas where post office has more access. However, over time many people want to transfer an account to the bank. One of the major reasons for this is digital facilities provided by banks. If you have an account in the bank, you can easily deposit and other transactions through online banking, mobile app or ATM. Also, if you are transferred to a new city, where the post office branch is not convenient for you, then it can be a better option to transfer an account to the bank. This scheme allows the account to transfer the account in any part of the country, whether it is a post office or a bank, easily. This process does not take much time and it is completely safe.
Transfer process
You have to take some important steps to transfer Sukanya Samriddhi account from the post office to the bank. First of all, you have to go to the post office where your account is open. There you have to fill a form for a transfer. In this form, you have to give your daughter’s account number, your name, and information about the bank where you want to transfer the account. Along with this, you have to submit some important documents, such as Sukanya prosperity account passbook, Aadhaar card, PAN card, and a passport size photo. If your KYC is not already updated, you may have to update it too.
The post office will examine these documents and start the transfer process. In this process, the post office can charge a small fee from you, which is usually modest. After the transfer request is accepted, you have to go to the bank where you want to transfer the account. You will have to submit some documents again in the bank, such as transfer documents, updated KYC and your original signature. The bank will verify these documents and add your account to their system. This entire process may take time from a few days to a few weeks, so keep this in mind before adding the next deposit.
Keep these things in mind
It is important to take care of some things while transferring an account. First of all, make sure that you have all the necessary documents ready, so that the process is not delayed. After transfer, you should take a new passbook or account details from the bank, so that you can check the status of your account.