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Sukanya Samriddhi Yojana: Do you also have an account in the old Sukanya Samriddhi Yojana? You should know that the Modi government can close your Sukanya Samriddhi Yojana (SSY) account. It would be better if you do this work before October 1, otherwise the government will close the SSY account. The government has recently changed the rules related to Sukanya Samriddhi Yojana. 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 irregular accounts according to the government. To regularize these accounts, these things have to be done before October 1.
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 future.
Is Sukanya Samriddhi Yojana opened by grandparents?
As per the guidelines, if grandparents have opened an account under Sukanya Samriddhi Yojana, it needs to be corrected. As per the new rules, if accounts opened under Sukanya Samriddhi Yojana are not opened by the legal guardian or natural parents, they will now have to be transferred to the name of the guardian to comply with the basic guidelines of the scheme. This is now mandatory. Earlier, grandparents often opened SSY accounts for their granddaughters as a financial security. However, as per the guidelines of the scheme, only the legal guardian or natural parents can open and close these accounts.
These documents will be required to close or transfer the old account
Basic Account Passbook: In which all the information about the account is there.
Birth Certificate of Girl Child: Proof of age and relationship.
Proof of relationship with the girl: Birth certificate or other legal document that establishes the relationship.
Proof of identity of the new guardian: Government-issued ID card of parent or guardian.
application: This will be available at the post office or bank where the account is opened.
After the documents, first of all the guardian has to go to the post office or bank where the account was opened. They have to inform the authorities 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 Update
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 new guardian's information. Sukanya Samriddhi Yojana account holders must do this before Tuesday, October 1, 2024. Otherwise, the government may close your account.