Sukanya Samriddhi Yojana Account FAQs

You may deposit cash/ cheque in Sukanya Samriddhi Yojana (SSY) account by visiting ICICI Bank branch or do fund transfer through the linked guardian’s account.

li>Fund Transfer from linked guardian savings account :

Fund Transfer – My Accounts> SSY Accounts > Initiate Self Funds Transfer >Transfer Funds - Customers holding SSY account can transfer funds from linked savings account to SSY accounts instantly.

2. You may add SSY account to your User ID by logging into your Internet Banking Account > Select Payments & Transfer > Funds Transfer > Click on Add Payee under Any other ICICI Bank account and do fund transfer to SSY account.

3. Funds can also be transfered from other bank account through NEFT.

To apply for Sukanya Samriddhi Yojana (SSY) scheme, the guardian is required to fill the Account opening form on behalf of the minor girl child and submit it at any ICICI Bank branch with the KYC documents.

You may click here to know more details of Sukanya Samriddhi Yojana (SSY):

The current interest rate is 8.2%, which is compounded annually. The interest rate is as governed by Ministry of Finance from time to time.

No, only one SSY account can be opened in the name of the girl child either by natural or legal guardian.

For customers having relationship with ICICI Bank which is greater than 2 years, the following documents are required:

• Sukanya Samriddhi Yojana Scheme Account Opening Form
• Passport size photograph
• Copy of ID proof
• Birth Certificate copy of girl child
• Residence proof – as per RBI KYC policy

For customers having relationship with ICICI Bank which is less than 2 years, the following documents are required:

• Sukanya Samriddhi Yojana Scheme Account Opening Form
• Passport size photograph
• Copy of ID proof
• Birth Certificate copy of girl child

• In the event of death of the account holder.
• in case of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian that the operation or continuation of the account is causing undue hardship to the account holder.

Provided that no premature closure of an account under this sub-paragraph shall be made before completion of five years from the date of opening of the account.

The minimum deposit amount is Rs. 250 per annum and the maximum amount is Rs. 1,50,000 per annum.

Penalty of Rs. 50 will be levied per year of default, if the customer does not deposit the minimum deposit amount of Rs. 250 in a financial year.

The SSY account matures after completion of 21 years from the date of account opening

Customers can transfer their existing SSY account held with other bank/ Post Office to ICICI Bank

• SSY transfer process
  Customer needs to submit SSY Transfer Request at existing bank/ Post Office mentioning the address of ICICI Bank branch
• The existing bank/Post Office shall arrange to send the original documents such as a certified copy of the account, the Account Opening Application, specimen signature, etc. to the ICICI Bank branch address, along with a cheque/ DD for the outstanding balance in the SSY account.

Process at ICICI Bank Branch

Once the transfer documents are received at ICICI Bank branch, the customer is required to submit new SSY Account Opening Form along with fresh set of KYC documents.

To locate the nearest ICICI Bank Branch, visit maps.icicibank.com/mobile .

• The account can be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of 10 years
• A depositor can open and operate only one account in the name of a girl child under the scheme rules
• Natural or legal guardian of a girl child can be allowed to open the account for two girl children only. The third account in the name of the girl child can be opened  in the event of birth of twin girls as second birth or if the first birth itself results into three girl children

No, loan facility cannot be availed In SSY account.

Withdrawal shall be allowed after the account holder attains the age of eighteen years or has passed tenth standard, whichever is earlier.