Can NRI invest in Sukanya samriddhi scheme?

This scheme has elicited a lot of response from the NRI community abroad but as per the current provisions of this scheme NRIs are not eligible to open Sukanya Samriddhi account for their daughters. The status quo, as of now does not permit NRIs to open a Sukanya Samriddhi Account.

Who are not eligible for Sukanya samriddhi Yojana?

Only girl children are eligible to hold Sukanya Samriddhi account. The maximum age of a girl child should not be more than 10 years. A proof of age of the girl child needs to be attached.

Who can invest in Sukanya samriddhi scheme?

Sukanya Samriddhi Yojana (SSY) It can be started by parents of a girl child below 10 years of age and parents can avail this scheme for two daughters of the family. The tenure of these accounts is 21 years or till the marriage of the daughter after the age of 18 years.

Is Aadhaar card mandatory for Sukanya samriddhi Yojana in SBI?

As per Govt. guidelines, Aadhaar card of the girl child is mandatory for the opening of Sukanya Samriddhi Yojana Account.

Can anyone open Sukanya samriddhi?

Eligibility for Sukanya Samriddhi Yojana The Sukanya Samriddhi Yojana account can be opened in the name of a girl child, by her parents or legal guardians, any time before the girl child attains 10 years of age. Only one account per girl child is allowed.

Which is better PPF or Sukanya?

Choosing between Sukanya Samriddhi Account and Public Provident Fund is a settlement between flexibility and higher returns. PPF offers more flexibility and SSA gives higher returns. If you have a surplus amount which you want to invest, you can also choose to distribute their investments in both the schemes.

Can I open Sukanya samriddhi Yojana online?

You can open a Sukanya Samriddhi Yojana Account in any authorised bank branch or a post office branch. You can also set it up online with the help of your net banking facility.

How many years we can deposit in Sukanya samriddhi account?

15 years
The account in default can be revived before the completion of 15 years from the date of opening of the account by paying the minimum deposit amount, i.e., Rs 250 plus penalty amount of Rs 50 for each year of default.

Which is better OCI or NRI?

An NRI can invest in residential/commercial properties but is not allowed to invest in agricultural or plantation property or a farmhouse. An OCI can invest in various financial investment opportunities available in India.