How to Check Your Sukanya Samriddhi Account Balance Online?

What is Sukanya Samriddhi Account (SSA)?

Sukanya Samriddhi Account (SSA) is a special savings scheme launched by the Government of India, which primarily aims to promote the financial security of the girl child. It provides a platform for parents or guardians to save and invest for the future education and marriage expenses of their daughters.

This child plan offers attractive interest rates of 8.2% p.a. (January – March 2024) and tax benefits under Section 80C. This makes it an excellent choice for securing the financial future of the girl child.

How to Check Sukanya Samriddhi Account Balance Online?

If you already have a Sukanya Samriddhi Yojana account, you can check your account balance online and offline. Let us discuss both ways in detail so that it is easy for you to know your Sukanya Samriddhi Yojana account balance.

1. Offline

   Currently, over 25+ banks are offering the Sukanya Samriddhi Yojana scheme. To know your account balance offline, all you need is a passbook of the account provided to you by your bank. For account balance inquiries, you have to visit your bank branch and get the passbook updated regularly.

   People also read: List of Banks Offering Sukanya Samriddhi Yojana

2. Online

   In the world of digitization, nobody wants to step outside their houses. The best way to be updated about your Sukanya Samriddhi Yojana account balance is by registering online.

Here are some simple steps to be followed to check the Sukanya Samriddhi Account balance online:

• Step 1- Apply for Login Credentials: Contact your respective bank and request Sukanya Samriddhi Yojana account credentials. Once received, you will gain access to operate your Sukanya Samriddhi Yojana account online.

• Step 2- Login With the Credentials: Enter the provided username and password into the bank's internet banking portal.

• Step 3- Access the Sukanya Samriddhi Yojana Homepage: Upon successful login, you will be directed to the homepage for Sukanya Samriddhi Yojana. Your SSY balance will be prominently displayed, typically in your account's dashboard column.

IMPORTANT NOTE:

• Understand that the above mentioned steps are primarily to check your Sukanya Samriddhi Yojana account balance. You can not make transactions by following this method.

• However, you can make transactions online through the net banking services offered by your bank or Post Office. 

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How to Check Sukanya Samriddhi Account Balance by SMS?

You can follow the below-mentioned steps to easily check your Sukanya Samriddhi account balance by SMS or obtain a mini statement:

Step 1- Register your Mobile Number: Type 'register' and send it to '7738062873' from the mobile number registered with the Post Office savings or current account.

Step 2- Confirmation of Registration: You will receive a confirmation message acknowledging your registration for SMS services.

Step 3- Check Balance: Once registered, to check your Sukanya Samriddhi account balance, type 'balance' and send it to '7738062873'.

Step 4- Get Mini Statements: If you want to access mini statements of your account, type 'mini' and send it to '7738062873'.

Step 5- Receive Information: Shortly after sending the SMS, you'll receive a response containing your requested balance or mini-statement details.

A Brief Overview of Sukanya Samriddhi Yojana (SSY)

Here are some highlights and benefits related to the Sukanya Samriddhi Yojana Scheme that will help you understand the policy better.

Total Number of SSA Accounts per Family

People also read: Sukanya Samriddhi Yojana Calculator

How to Transfer Sukanya Samriddhi Yojana Account?

To transfer an SSY account from one bank to another, you can follow the steps below:

Step 1: Fill out an SSY transfer request form. You can get this form from the bank or post office where you have the existing account.

Step 2: Submit the form along with the following documents:

• Original account opening form

• Specimen signature

• Certified copy of account statement or original updated passbook

• Cheque/DD for the outstanding balance in the SSY account

Step 3: The existing bank/post office will arrange to send the original documents to the new bank branch along with the cheque/DD.

Step 4: The new bank branch will then create a new passbook with all of the account holder's information.

IMPORTANT NOTE:

Some additional things to keep in mind when transferring an SSY account:

• The transfer process can take up to 15 days.

• There is no fee for transferring an SSY account.

• You can only transfer an SSY account once.

• If the account holder is a minor, the transfer request must be signed by the parent or guardian.

How to Close Sukanya Samriddhi Account?

There are two main scenarios for closing a Sukanya Samriddhi Account (SSA) prematurely (before maturity):

1. Account closure due to unavoidable circumstances:

   • Death: In the unfortunate event of the account holder's or guardian's death, the account is closed automatically. The balance and accrued interest are paid to the nominee/legal heir.

   • Extreme compassionate grounds: This includes a life-threatening illness of the account holder. You'll need to submit a written application with supporting medical documents for approval by the account authorities.

   Documents required:

   • Prescribed application form for premature closure (available at the branch)

   • SSY Passbook

   • Death certificate (in case of demise)

   • Medical documents (for extreme compassionate grounds)

2. Account closure for specific reasons:

   • Marriage: The account can be closed after the girl child completes 18 years of age and gets married.

   In both scenarios, you'll need to visit the branch (post office or bank) where the SSA account is held and submit the required documents. 

Wrapping up

It is evident from the above discussion that the Sukanya Samriddhi Yojana is a very easy-to-manage scheme for any parent. With minimal premiums and attractive benefits, this scheme makes for a decent investment towards safeguarding the financial future of a girl child.