Parents of girl children in India can open a Sukanya Samriddhi Yojana account in Punjab & Sind Bank. Once the account has been successfully opened, the guardian of the child will receive a passbook. The mechanism works just like any other savings account. Punjab and Sind Bank was established in the year 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh to benefit the society in the long run. They were much appreciated for their effort to enhance the social and financial standing of the people of Punjab.
This bank being over 110 years old is considered a respectable institution in the Northern region. The bank is a public sector bank with a PAN India presence.
The Punjab and Sind Bank Sukanya Samriddhi account can be applied and opened at the bank, and post the account being opened the bank provides the guardian with a passbook just like any other savings bank account.
Some of the most prominent features of Punjab and Sind Bank Sukanya Samriddhi Account are listed below.
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 |
Listed below are some of the benefits of the Sukanya Samriddhi Scheme that make this deposit scheme more lucrative than other contemporary deposit schemes offered by banks.
You need some simple documents to be submitted along with the application form to open the Sukanya Samriddhi account at Punjab and Sind Bank.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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