SSY Account Close: Government can close such Sukanya Samriddhi accounts! Complete this work immediately before October 1 | News India

SSY: Do you also have an old Sukanya Samriddhi Yojana account? Which was opened by grandparents. The government can close such Sukanya Samriddhi account of yours. If you have an old account of Sukanya Samriddhi Yojana (SSY) then there is a relief news for you. The Department of Economic Affairs has recently issued new guidelines, which will come into effect from October 1, 2024. These rules are to regularize those savings accounts which were opened wrongly. These have to be transferred to your name before the 1st date.

Did your grandparents open Sukanya Samriddhi accounts?

Now if grandparents have opened SSY accounts for their granddaughters, they will have to follow the new rules. Earlier grandparents used to open these accounts for their grandchildren, but according to the new guidelines, now only legal guardians (parents) can open and close the accounts. Such old accounts will have to be transferred to the name of the parents.

These documents will be required to correct old accounts:

Basic Account Passbook: It contains all the details of the account.

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

Proof of relationship with the girl: Birth certificate or other legal document.

Proof of identity of the new guardian: Government ID card of parent or guardian.

Duly filled application form: This form will be available at the post office or bank where the account is opened.

How to transfer:

First of all go to the post office or bank where the account was opened.

Inform the authorities about transferring the account to the custodian as per new guidelines.

Fill out the transfer form provided by the bank or post office. Both the existing account holder (grandparent) and the new guardian (parent) must sign this form.

Verification and Update:

After submitting the form and other documents, the bank or post office staff will review the request and verify it. If necessary, they may also ask for additional information. After the verification is complete, the account records will be updated with the new guardian's information.