Punjab National Bank Sukanya Samriddhi Account
Punjab National Bank provides the option to secure your girl child's future through the provision of Sukanya Samriddhi Yojana. If you are looking to secure your daughter's future, PNB is the best choice!
Punjab National Bank is an Indian Bank located in New Delhi. It is one of the oldest banks in India and was founded in 1894. The bank has over 6,300 branches and over 7,900 ATMs across 764 cities.
It is one among the Big Four Banks In India and is the third largest bank in India going by its assets. The bank provides a wide range of financial products and services including deposit accounts, loans, cards and much more.
Punjab national bank Bank branches to open Sukanya Samriddhi Yojana account
When the government launched the Sukanya Samriddhi scheme, it gave authority to the post offices in India and several banks to handle the account and make the provision for opening the accounts. Not many banks were willing to open the account in their banks initially.
But, Punjab National Bank (PNB) has now officially started opening these accounts at 1604 of its branches all over India. Though the bank has not provided the list of these 1604 branches which have started serving for this scheme, it has provided a centralised customer care number calling which you can get the address of the branch nearest to your place.
Punjab National Bank Bank Sukanya Samriddhi Yojana Details
Current Interest Rate | 8.2 % Per Annum |
Minimum Deposit | INR 250 Per Annum |
Maximum Deposit Amount | INR 1,50,000 Per Annum |
Max Eligibility Age | 10 Years |
Maturity | After the age of 18 |
Features of Sukanya Samriddhi in Punjab National Bank
- It is a scheme for girl child below the age of 10 years
- The guardian or the parent can open the account under the name of the girl child
- Only one account is allowed for every girl child
- Deposits can be made to the account till 14 years from the date of the opening of the account
- The minimum amount to be deposited is Rs.250 every year
Sukanya Samriddhi Top Pages
FAQs on Punjab National Bank Sukanya Samriddhi Account
- How many SSY accounts can one beneficiary open?
A beneficiary can open a single account with either the post office or a bank.
- What happens if a person deposits the surplus amount into their PNB SSY account?
Even if a deposit over 1.5 lakhs in any fiscal year is approved due to an accounting error, it will not be eligible for further interest. The depositor may withdraw the amount put more than the annual ceiling of 1.5 lakhs at any time.
- Does the Sukanya Samriddhi Yojana Account allow for premature closure?
Yes, the Sukanya Samridhhi Yojana account at PNB allows for the premature closure of SSY accounts. The causes could include a chronic sickness or the premature death of the principal account holder, among others.
- Can I get a loan through SSY?
No, the Sukanya Samriddhi Yojana does not give lending facilities.
- What happens if the recipient, a girl kid, dies suddenly?
In the event of a girl child's death, the Sukanya Samriddhi Account is ended and closed, with the proceeds handed to the girl child's guardians or parents.
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