Govt issues new rules for Sukanya Samriddhi Yojana (SSY), will be implemented from October 1

Sukanya Samriddhi Yojna: Do you also have an account in the old Sukanya Samriddhi Yojna? You should know that the Modi government can close your Sukanya Samriddhi Yojna (SSY) account. It would be better if you do this work before October 1, otherwise the government will close the SSY account

Sukanya Samriddhi Yojna: Do you also have an account in the old Sukanya Samriddhi Yojna? You should know that the Modi government can close your Sukanya Samriddhi Yojna (SSY) account. It would be better if you do this work before 1st October, or else the government will close the SSY account. The government has recently changed the rules related to Sukanya Samriddhi Yojna.

The Department of Economic Affairs has recently issued new guidelines to regularize irregularly opened savings accounts under NSS. Here we are telling you which are the irregular accounts according to the government. To regularize these accounts, this work will have to be completed before 1st October.

Modi government changed the rules of Sukanya Samridhi Yojana

The government has issued new rules for Sukanya Samriddhi Yojana (SSY). These rules will come into effect from October 1, 2024. The government is asking people to correct the mistakes related to the account in time. So that any kind of trouble can be avoided in the future.

Have your grandparents opened Sukanya Samriddhi Yojana?

According to the guidelines, if grandparents have opened an account under Sukanya Samriddhi Yojana, then it needs to be corrected. According to the new rules, if the accounts opened under Sukanya Samriddhi Yojana are not opened by the legal guardian or natural parents, then they will now have to be transferred to the name of the guardian to follow the basic guidelines of the scheme. This is now mandatory. Earlier, grandparents often opened SSY accounts for their granddaughters as financial security. However, according to the guidelines of the scheme, only the legal guardian or natural parents can open and close these accounts.

Also Read: PNB warns customers, these types of accounts will be closed, do this work quickly

These documents will be required to close or transfer the old account

Basic Account Passbook: Which contains all the account details.

Birth Certificate of Girl Child: Proof of age and relationship.

Proof of relationship with the girl: Birth certificate or other legal documents that establish the relationship.

Proof of identity of the new guardian : Government-issued identification card of the parent or guardian.

Application Form : This will be available at the post office or bank where the account is opened.

After the documents, first of all they have to go to the post office or bank where the account was opened. They have to tell the officials about the need to transfer the account to the parents as per the new guidelines. After this, they have to fill the transfer form given by the bank or post office. Both the existing account holder (grandparents) and the new guardian (parents) have to sign this form.

Verification and updates

After submitting the form and supporting documents, the bank or post office staff will review the request and process the verification. If necessary, they may also ask for additional information. After the verification is complete, the account records will be updated with the information of the new guardian. Sukanya Samriddhi Yojana account holders must do this work before Tuesday 1 October 2024. Otherwise, the government can close your account.

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