List of Banks offering Sukanya Samriddhi Savings Account
Last Updated : 14 Oct 2019
Some of the banks located in India have been authorised by the Indian Government to open Sukanya Samriddhi Savings accounts (SSA). Some of these are State Bank of India (SBI), Syndicate Bank, UCO Bank, Indian Bank, IDBI Bank, Canara Bank, etc.
(On 23 July 2018, the criteria for the minimum annual deposit for the Sukanya Samriddhi Yojana account had been revised to Rs.250 from the earlier amount of Rs.1,000. The rate of interest offered by the scheme for the first quarter of FY 2019-2020 is 8.5% p.a. and it is compounded on an annual basis.)
The Reserve Bank of India has authorized the following banks to open Sukanya Samriddhi Savings accounts (SSA).
State Bank of India (SBI)
Bank of Maharashtra (BOM)
Bank of India (BOI)
Bank of Baroda (BOB)
State Bank of Patiala (SBP)
State Bank of Mysore (SBM)
State Bank of Hyderabad (SBH)
Indian Overseas Bank (IOB)
United Bank of India
State Bank of Travancore (SBT)
Union Bank of India
Punjab National Bank (PNB)
State Bank of Bikaner & Jaipur (SBBJ)
Punjab & Sind Bank (PSB)
Oriental Bank of Commerce (OBC)
Central Bank of India (CBI)
The account can also be opened at post offices. You will need to make an initial deposit of Rs.250 and submit your documents in order to open the account.
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