Sukanya Samriddhi Yojana is widely known for securing a promising future for daughters. This program was initiated as part of the Beti Bachao-Beti Padhao initiative. In this plan, parents save money for their daughter’s future wedding or education. This plan reaches its term when the daughter reaches 21 years of age.
Parents receive numerous advantages through this program as well. Allow us to inform you that this program provides greater profits compared to the Small Savings Scheme. Tax benefits are offered by the Sukanya Yojana through Section 80C of the Income Tax Act. In the present day, it is possible to access a Sukanya account through various banks online. Now, the issue is whether one can transfer their Sukanya Samriddhi Yojana (SSY) account from the post office to a bank. Below, we will provide a response to this question.
If the Sukanya account for a girl is opened in the post office, it can be smoothly shifted to a bank as per the guidelines of Sukanya Samriddhi Yojana (SSY). Transferring the account is a simple process. Transferring a Sukanya account is a straightforward process. You need to visit the post office and transfer the account.
How to complete the transfer process?
In order to complete the transfer, it is necessary to turn in a request form. You will need to include some documents along with this form as well. Once the request form is submitted, the post office will review all documents and create the transfer document. The draft paper will be issued by the post office along with this document. The transfer document along with the draft paper will be forwarded to the bank account. Once the bank approves these documents, your account will be fully moved. You must include documents such as SSY passbook, Aadhaar Card, PAN Card etc. along with the request form.