SSY Rules: Will the Sukanya account be transferred from the post office to the bank? Know here what the rules say..

Sukanya Samriddhi Yojana is quite popular for the bright future of daughters. This scheme was started under the Beti Bachao-Beti Padhao campaign. In this scheme, parents invest in the marriage or education of the daughter. This scheme matures after the daughter completes 21 years.

Parents also get many benefits from this scheme. Let us tell you that this scheme gives higher returns than the Small Savings Scheme. Sukanya Yojana provides tax benefits under Section 80C of Income Tax. In today's time, you can open a Sukanya account online by going to many banks.

Now in such a situation, the question arises that if a person has opened an account for Sukanya Samriddhi Yojana (SSY) in the post office, then can he get it transferred to the bank? We will answer this question below.

Can the account be transferred?

According to the rules of Sukanya Samriddhi Yojana (SSY), if the girl's Sukanya account is opened in the post office, then it can be easily transferred to the bank. The process of transferring the account is quite easy.

How will the account be transferred?

The process of transferring the Sukanya account is quite easy. You have to go to the post office and submit the request form to get the account.

Transferred. You will also have to attach some documents with this form. After submitting the request form, the post office will verify all the documents and prepare the transfer document. The post office will issue a draft paper with this document. The transfer document and draft paper will be sent to the bank account. After the bank accepts these documents, your account will be completely transferred.

These documents are necessary.

You will have to attach documents like an SSY passbook, Aadhaar Card, PAN Card, etc. with the request form.

Keep these things in mind.

The post office charges a nominal transfer fee for account transfer.

You should keep a copy of the transfer document for future reference.

It may take a few weeks for the account to be transferred. Keep this in mind while making future investments.

Find out the process of account transfer in banks as well as in post offices.