Sukanya Samriddhi Yojana is quite popular for the bright future of daughters. This scheme was started under the Beti Bachao-Beti Padhao campaign. In this scheme, parents invest for the marriage or education of their daughter. This scheme matures after the daughter turns 21 years old.
Parents also get many benefits in this scheme. Let us tell you that this scheme gives higher returns than the Small Savings Scheme. Sukanya Yojana provides tax benefits under Section 80C of Income Tax. In today’s time, you can open a Sukanya account online by going to many banks.
Now the question arises that if a person has opened an account for Sukanya Samriddhi Yojana (SSY) in the post office, can he transfer it to the bank. We will answer this question below.
Can the account be transferred?
According to the rules of Sukanya Samriddhi Yojana (SSY), if the girl’s Sukanya account is opened in the post office, then it can be easily transferred to the bank. The process of transferring the account is quite easy.
How will the account be transferred
The process of transferring Sukanya account is quite easy. You have to go to the post office and get the account transferred.
To get the transfer done, you have to submit a request form. You will also have to attach some documents with this form. After submitting the request form, the post office will verify all the documents and prepare the transfer document. The post office will issue a draft paper with this document. The transfer document and draft paper will be sent to the bank account. After the bank accepts these documents, your account will be completely transferred.
This document is necessary
You will have to attach documents like SSY passbook, Aadhaar Card, PAN Card etc. with the request form.
keep these things in mind
- Post Office charges a nominal transfer fee for transferring accounts.
- You should keep a copy of the transfer document for future reference.
- It may take a few weeks for the account to be transferred. Keep this in mind while making your next investment.
- Know the process of account transfer in banks as well as post offices.
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