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  • Investment made eligible for tax rebate under 80C.
  • Attractive Rate of Interest.
  • Tax Free Interest accrued on deposits.
  • Premature withdrawal facility available.
  • Minimum deposit is Rs 250/- & Maximum deposit is Rs 1,50,000/- in a Financial Year.
  • The SSY matures on completion of a period of 21 years from the date of the opening of account.
  • The deposits may be made in the account till the completion of a period of 15 years from the date of opening of account.
  • Nomination is allowed for one or more individuals, but not exceeding four individuals, at the time of opening of account or at any time before the maturity of account.
  • The closure of the account may also be permitted before completion of 21 years as per scheme guidelines.
  • Account can be opened both online mode (through net banking/mobile banking (ai1)) and offline mode (in bank branches).
  • Transfer of Account facility available as per scheme guidelines.
  • Premature Closure available as per scheme guidelines.
  • The account may be opened by one of the guardian (who is a Resident Citizen of India) in the name of a girl child, who has not attained the age of 10 years as on date of opening of the account.
  • Every account holder shall have a single account under this Scheme.
  • An account under this Scheme may be opened for a maximum of two girl children in one family(exception allowed for twins and triplets).
  • Interest as notified by the Government of India (present rate of interest being 8.20% w.e.f. 01/01/2024 to 31/03/2024.) and credited at the end of each Financial year.
  • SSY Account Opening form.
  • The birth certificate of the girl child.
  • ID proof of the depositor.
  • Address proof of the depositor.
  • Photographs of depositor.
  • Any other document required.
  • An account under this Scheme may be opened for a maximum of two girl children in one family(exception allowed for twins and triplets).
  • If the minimum amount of Rs 250 is not deposited in any financial year , a penalty of Rs 50/- will be charged.
  • Withdrawal is allowed in the below cases :
    • To meet the financial requirements of the account holder for the purpose of higher education and marriage, account holder can avail partial withdrawal facility after attaining 18 years of age.
    • If the beneficiary is married before maturity of account, account has to be closed.
  • You can apply through following modes :

  • Online Mode :
    • Internet Banking
    • Mobile Banking App
  • Offline Mode :
    • Visit nearest branch of Canara Bank
    • To redirect on the login page, please Click here
  • © 2024, Canara Bank, All rights reserved

    Last updated on 29-09-2023 12:07 PM

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