FORM SSA-1
APPLICATION FOR OPENING AN ACCOUNT UNDER ‘SUKANYA SAMRIDDHI ACCOUNT’
To,
The Postmaster /Manager
........................................................
.........................................................
Sir,
I .............................(name of parent/guardian) hereby apply for opening an account under ‘Sukanya Samriddhi Account’ scheme, ......... in the name of Kumari................................. ........................................ of whom I am the guardian and tender herewith Rs........................../- (Rs......................................................................) in cash/Cheque/DD.No..................... date.......... as initial subscription.
| 1. | Name of Account holder (girl child) Ku | ............................................................... | |||
| 2. | Daughter of (father /mother’s name) | ............................................................... | |||
| 3. | Date of Birth | ...... ..... .................. (DD / MM / YYYY) | |||
(In words)
| ............................................................... | ||||
| 4. | Details of Birth Certificate | ............................................................... | |||
| (copy may plea se be enclosed) | |||||
| a) | Certificate No. | ............................................................... | |||
| b) | Date OF Issue | ............................................................... | |||
| c) | issuing authority) | ............................................................... | |||
| 5. | Name of Parent / Guardian (Operating the account on behalf of the minor girl child) | ............................................................... | |||
| 6. | ID details of parent/guardian (copy may please be enclosed ) | ||||
| a) | Certificate No. | ............................................................... | |||
| b) | Date OF Issue | ............................................................... | |||
| c) | issuing authority) | ............................................................... | |||
| 7. | Address | (Present) | ............................................................... ............................................................... | ||
| (Permanent) | ............................................................... ............................................................... | ||||
| 8. | Details of other KYC documents attached | ............................................................... ............................................................... | |||
I hereby undertake to abide by the provisions / rules of the ‘Sukanya Samriddhi Account’ and amendments issued thereto from time to time.
I hereby declare that I have not opened OR maintaining any other account under the same scheme
in the name of ..................................... (Name of girl child) in any other Post Office or Bank.
Signature or thumb impression of Parent/guardian
Additional Specimen signatures
For use of Post Office/Bank
The account has been opened in the name of Ku....................................... on.......................... with Rs................................. ............. Under ‘Sukanya Samriddhi Account’ scheme.
Signature and seal of competent authority.
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 2nd December, 2014
G.S.R.863(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873) , the Central Government hereby makes the following rules, namely:-
1.Short title and commencement .- (1) These rules may be called the Sukanya Samriddhi Account Rules,2014.
(2)They shall come into force on the date of their publications in the Official Gazette.
2.Definitions .- In these rules, unless the context otherwise require , -
(a)‘account’ means an account opened by a depositor in accordance with the provisions of these rules;
(b)‘Act’ means the Government Savings Banks Act, 1873 (5 of 1873) ;
(c)‘deposit’ means the money deposited by the depositor in an account under the rules;
(d)‘Depositor’ means an individual who - on behalf of a minor girl child of whom he or she is the guardian, deposits money in an account under the rules;
(e)‘post office’ means any post office in India doing savings bank work and authorised to open an account under these rules;
(f)‘Bank’ means any branch of a commercial bank authorised by the Central Government to open an account under these rules;
(g)‘Year’ means financial year i.e. 1st April to 31st March;
(h)‘Interest rate’ means the rate as may be declared by the Government on yearly basis to be applicable on accounts opened under these rules;
(i)Words and expressions used herein and not defined but defined in the Post Office Savings Bank General Rules, 1981 shall have the meanings respectively assigned to them in those rules.
3. Application of Post Office Savings Bank General Rules, 1981 and the Post Office Savings Account Rules, 1981.-
The provisions of the Post Office Savings Bank General Rules, 1981 and the Post Office Savings Account Rules, 1981 may be applied in relation to matters for which no provision has been made in these rules.
4. Opening of Account.- (1) The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules, shall also be eligible for opening of the account under these rules.
(2)A depositor may open and operate only one account in the name of a girl child under these rules.
(3)Birth certificate of a girl child in whose name the account is opened shall be submitted by the guardian at the time of opening of the account in post office or bank along with other documents relating to identity and residence proof of the depositor.
(4)Natural or legal guardian of a girl child shall be allowed to open the account for two girl children only:
Provided that the natural or legal guardian of the girl child shall be allowed to open third account in the event of birth of twin girls as second birth or if the first birth itself results into three girl children, on production of a certificate to this effect from the competent medical authorities where the birth of such twin or triple girl children takes place.
5. Deposits .- (1) The account may be opened with an initial deposit of one thousand rupees and thereafter any amount in multiple of one hundred rupees may be deposited subject to the condition that a minimum of one thousand rupees shall be deposited in a financial year but the total money deposited in an account on a single occasion or on multiple occasions shall not exceed one lakh fifty thousand rupees in a financial year.
(2)Deposits in an account may be made till completion of fourteen years, from the date of opening of the
account.
(3)An irregular account where minimum amount as specified in sub-rule (1) has not been deposited may be regularised on payment of a penalty of fifty rupees per year along with the said minimum specified subscription for the year (s) of default any time till the account completes fourteen years.
6. Mode of Deposit .- (1) The deposit in the account opened under these rules may be made -
a) in cash; or
b) by cheque or demand draft drawn in favour of the postmaster of the concerned post office or the
Manager of the concerned bank where the account stands and an endorsement on the back of such instrument shall be made and signed by the depositor indicating name of the account holder and account number in which the deposit is to be credited.
(2)Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account.
7. Interest on deposit .- (1) Interest at the rate, to be notified by the Government, compounded yearly shall
be credited to the account till the account completes fourteen years.
(2)In case of account holder opting for monthly interest, the same shall be calculated on the balance in the account on completed thousands, in the balance which shall be paid to the account holder and the remaining amount in fraction of thousand will continue to earn interest at the prevailing rate.
8.Operation of account .- (1) The account shall be opened and operated by the natural or legal guardian of a girl child till the girl child in whose name the account has been opened, attains the age of ten years.
(2)On attaining age of ten years, the account holder that is the girl child may herself operate the account, however, deposit in the account may be made by the guardian or any other person or authority.
9.Premature closure of account .- (1) In the event of death of the account holder, the account shall be closed immediately on production of death certificate issued by the competent authority, and the balance at the credit of the account shall be paid along with interest till the month preceding the month of premature closure of the account , to the guardian of the account holder.
(2)Where the Central Government is satisfied that operation or continuation of the account is causing undue hardship to the account holder, it may, by order, for reasons to be recorded in writing, allow pre-mature closure of the account only in cases of extreme compassionate grounds such as medical support in life- threatening diseases, death, etc.
10. Pass book .- (1) On opening an account, the depositor shall be given a pass book bearing the date of birth of the girl child, date of opening of account, account number, name and address of the account holder and the amount deposited.
(2) The pass book shall be presented to the post office or bank, as the case may be, at the time of depositing money in the account and receiving payment of interest and also at the time of final closure of the account on maturity.
11.Transfer of account .- The account may be transferred anywhere in India if the girl child in whose name the account stands shifts to a place other than the city or locality where the account stands.
12.Withdrawal .- (1) To meet the financial requirements of the account holder for the purpose of higher education and marriage, withdrawal up to fifty per cent. of the balance at the credit, at the end of preceding financial year shall be allowed.
(2) The withdrawal referred to in sub-rule (1) shall be allowed only when the account holder girl child attains the age of eighteen years.
13. Closure on maturity .- (1) The account shall mature on completion of twenty-one years from the date of opening of the account :
Provided that where the marriage of the account holder takes place before completion of such period of twenty- one years, the operation of the account shall not be permitted beyond the date of her marriage :
Provided further that where the account is closed under the first proviso, the account holder shall have to give an affidavit to the effect that she is not less than eighteen years of age as on the date of closing of account.
(2) On maturity, the balance including interest outstanding in the account shall be payable to the account holder on production of withdrawal slip along with the pass book.
(3) If the account is not closed in accordance with the provisions of sub-rule (1), interest as per the provisions of rule 7 shall be payable on the balance in the account till final closure of the account.
14. Power to relax .- Where the Central Government is satisfied that the operation of any provision of these rules causes undue hardship to the account holder or account holders, it may, by order and for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.
[F. No.2/3/2014.NS-II]
Dr. RAJAT BHARGAVA, Jt. Secy.
Sukanya Samriddhi Account ( SSA ) - Application Form - Passbook : RBI's Instructions for Banks
RESERVE BANK OF INDIA
RBI/2014-15/494
IDMD(DGBA).CDD.No.4052/15.02.006/2014-15
March 11, 2015
Dear Sir/Madam,
Sukanya Samriddhi Account
We forward herewith a copy of the Government of India Notification No. G.S.R.863(E) dated December 02, 2014 regarding the Sukanya Samriddhi Account for necessary action at your end. The Government of India, vide this Notification, has notified the Sukanya Samriddhi Account Rules, 2014, which came into force with effect from December 02, 2014.
2. Reporting of the Sukanya Samriddhi Account transactions i.e. receipt, payment, penalty, etc. may be directly done through the Government Account at Central Account Section, Reserve Bank of India, Nagpur on daily basis like the transactions of PPF, 1968, in order to have uniformity in reporting, reconciliation and accounting.
3. The Agency banks are required to observe the rules and regulations of the Scheme, and non-observance of rules and regulations would attract penal action, including de-authorization of the branch or bank. Pecuniary liabilities, if any, arising from such non-observance shall be borne entirely by the bank.
4. You may, therefore, approach Central Account Section, Reserve Bank of India, Nagpur for necessary arrangements to report Sukanya Samriddhi Account transactions with immediate effect.
5. Specimen of account opening application form and the passbook of the Sukanya Samriddhi Account are also enclosed for ready reference and necessary action at your end.
6. The contents of this circular may be brought to the notice of the branches of your bank operating the PPF, 1968 Scheme. These instructions should also be displayed on the notice boards of your branches for information.
Yours faithfully
(R. K. Singh)
Deputy General Manage
SUKANYA SAMRIDDHI ACCOUNT-CAN BE OPENED AT BRANCH POST OFFICES ALSO
Levy of charges for non-maintenance of minimum balance in savings bank account w.e.f. 01.04.2015
LOK SABHA ANNEXURED UNSTARRED QUESTION 918 DATED 27.02.2015
ANNEXURE
Levy of charges for non-maintenance of minimum balance in savings bank account shall be subject to the following additional guidelines:
I. In the event of a default in maintenance of minimum balance / average minimum balance as agreed to between the bank and customer, the bank should notify the customer clearly by SMS / email /letter etc. that in the event of the minimum balance not being restored in the account within a month from the date of notice , penal charges will be applicable.
II. In case the minimum balance is not restored within a reasonable period, which shall not be less than one month from the date of notice of shortfall, penal charges may be recovered under intimation to the account holder.
III. The policy on penal charges to be so levied may be decided with the approval of Board of the Bank.
IV. The penal charges should be directly proportionate to the extent of shortfall observed. In other words, the charges should be a fixed percentage levied on the amount of difference between the actual balance maintained and the minimum balance as agreed upon at the time of opening of account. A suitable slab structure for recovery of charges may be finalized.
V. It should be ensured that such charges are reasonable and not out of line with the average cost of providing the services.
VI. It should be ensured that the balance in the savings account does not turn into negative balance solely on account of levy of charges for non-maintenance of minimum balance.
The above annexure was attached with undermentioned Lok Sabha Q&A:-
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO 918
ANSWERED ON 27.02.2015
MINIMUM BALANCE IN BANK ACCOUNTS
918 . Karunakaran Shri P.
Will the Minister of FINANCE be pleased to state:-
Will the Minister of FINANCE be pleased to state:-
(a) whether the Reserve Bank of India (RBI) has issued guidelines to Bank to inform their customers about fall in minimum balance in their accounts in advance;
(b) if so, the details thereof; and
(c) the status of implementation of said guidelines by banks?
ANSWER
The Minister of State in the Ministry of Finance (SHRI JAYANT SINHA)
(a) to (c) Reserve Bank of India (RBI) has issued guidelines dated 20.11.2014 specifying that while levying charges for non-maintenance of minimum balance in their savings bank accounts, banks shall adhere to the additional guidelines given in the Annexure. The guidelines come into effect from April 1, 2015.
All Banks have been advised to take immediate steps to update customer information so as to facilitate sending alerts through electronic modes (SMSs / e.mails etc.) for effective implementation of the guidelines.
WhatsApp voice calling: Just a call needed to activate
While several online reports have claimed that the voice calling feature on WhatsApp has arrived, there is no official announcement or confirmation from the company. Several blogs suggested that users need to download the latest version of Whatsapp or get version 2.11.528/531 to activate the feature. However, this may not work. Even newer versions like 2.11.561 is yet to get the feature. So, upgrading to the latest version will clearly not work.
Another round of online reports informed that users will only get the calling feature activated on their accounts if someone makes aWhatsApp call to them. Suggesting that an invitation is required.
For the record the latest version of WhatsApp (as of March 14) is 2.12.7. You can download it from the website and insatll the apk file. However, you will need someone (who already has the feature) to call you to activate it on your device.
So, if you haven’t received the calling feature even after updating to the latest version, it’s better to forget about it for the moment and wait for the official announcement. When WhatsApp announced its WhatsWeb, the feature was available across all versions. So, we can expect the same this time for voice calling.
Meanwhile, several malwares and fake WhatsApp calling apps have appeared to take advantage of curious users..
Here is WhatsApp call link from Google play store Download it from :
Once u see update option when u click that link that means u r using old version click and update it than inform me I will call u and make call option activate in ur number.
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Sukanya Samruddhi Account - Calculator
Year
|
Age of Girl Child
|
Opening Balance
|
Monthly Contribution
|
Yearly Contribution
|
Intrest Rate @9.1%
|
Closing Balance
|
2015
|
1
|
-
|
1000
|
12,000
|
592
|
12,592
|
2016
|
2
|
12,592
|
1000
|
12,000
|
1,737
|
26,329
|
2017
|
3
|
26,329
|
1000
|
12,000
|
2,987
|
41,316
|
2018
|
4
|
41,316
|
1000
|
12,000
|
4,351
|
57,668
|
2019
|
5
|
57,668
|
1000
|
12,000
|
5,839
|
75,507
|
2020
|
6
|
75,507
|
1000
|
12,000
|
7,463
|
94,969
|
2021
|
7
|
94,969
|
1000
|
12,000
|
9,234
|
116,203
|
2022
|
8
|
116,203
|
1000
|
12,000
|
11,166
|
139,369
|
2023
|
9
|
139,369
|
1000
|
12,000
|
13,274
|
164,643
|
2024
|
10
|
164,643
|
1000
|
12,000
|
15,574
|
192,217
|
2025
|
11
|
192,217
|
1000
|
12,000
|
18,083
|
222,300
|
2026
|
12
|
222,300
|
1000
|
12,000
|
20,821
|
255,121
|
2027
|
13
|
255,121
|
1000
|
12,000
|
23,808
|
290,929
|
2028
|
14
|
290,929
|
1000
|
12,000
|
27,066
|
329,995
|
2029
|
15
|
329,995
|
-
|
-
|
30,030
|
360,024
|
2030
|
16
|
360,024
|
-
|
-
|
32,762
|
392,787
|
2031
|
17
|
392,787
|
-
|
-
|
35,744
|
428,530
|
2032
|
18
|
428,530
|
-
|
-
|
38,996
|
467,526
|
2033
|
19
|
467,526
|
-
|
-
|
42,545
|
510,071
|
2034
|
20
|
510,071
|
-
|
-
|
46,416
|
556,488
|
2035
|
21
|
556,488
|
-
|
-
|
50,640
|
607,128
|
Maturity Value :
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128 ( Approximately
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128 ( Approximately
Example : Model Calculations:
Mode
|
Contribution Rs.
|
Period
|
Total Contribution
|
Maturity Period
|
Maturity Amount Rs
|
Monthly
|
1000
|
14 Years
Or
14y x 12m = 168 Months
|
1,68,000
|
21 Years
|
6,07,128
|
Yearly
|
10000
|
1,40,000
|
5,26,050
| ||
Yearly
|
12000
|
1,68,000
|
6,31,261
| ||
Yearly
|
100000
|
14,00,000
|
52,60,509
| ||
Yearly
|
150000
|
21,00,000
|
78,90,763
|
|
(For Financial Year )
SSA - Rate of Interest = 9.1% pa ie 9.1 /100
Interest Bearing Balance (IBB) = minimum Balance in every month from 10th to end of the month
Example
Prepared by SAPOST
|
Annual Interest Calculation Method
|
(For Financial Year )
SSA - Rate of Interest = 9.1% pa ie 9.1 /100
Interest Bearing Balance (IBB) = minimum Balance in every month from 10th to end of the month for a particular account
Example
|
