#1
May 6th, 2016, 11:38 AM
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Open Bank of India Account Online
Hello sir I am here as I want to know where can I get Sukanya Samriddhi Account Opening Form of Bank of India so will you please tell me about this??
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#2
May 6th, 2016, 11:40 AM
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Re: Open Bank of India Account Online
Bank of India is commercial bank with headquarters in Mumbai, Maharashtra, India. Founded in 1906, it has been government-owned since nationalisation in 1969. As you want to get the Sukanya Samriddhi Account Opening Form so follow the below given process: Login to the Official website of Bank of India ![]() On this home page click on Sukanya Samriddhi Account given at the mid of the page ![]() This page will open here search for Sukanya Samriddhi Account Opening Form and click on that A form in the PDF Format will open Sukanya Samriddhi Account Opening Form of Bank of India ![]() Here I am providing you information about this Account in Brief: -Account can be opened in the name of a girl child till she attains the age of 10 years, however Government has stipulated a buffer time of 1 year. -Only one account can be opened in the name of a girl child i.e. one account per girl child. -Birth certificate of the girl child in whose name the account is opened must be submitted. -Natural or legal guardian of a girl child is allowed opening one account each for two girl children’s. -Account can be opened with a minimum of Rs.1000/- and thereafter any amount in multiple of Rs.100/- can be deposited. -A minimum of Rs.1000/- must be deposited in a financial year. Where minimum amount of Rs. 1000/- a year has not been deposited then such irregular account may be regularised on payment of a penalty of fifty rupees per year. -Maximum Rs.1,50,000/- can be deposited in a financial year. -Interest as notified by the Government from time to time will be calculated on yearly compounded basis and credited to the account. Interest rate for the year 2015-16 is 9.20% p.a. -Withdrawal shall be allowed on attaining the age of 18 years of account holder to meet educational or marriage expenses at the rate of 50% of the balance at the credit of preceding financial year. -The account can be transferred anywhere in India from one Post office/Bank to another. -The contribution to SSA account up to Rs. 1.50 lakh p.a. qualifies for income tax deduction under Section 80C of Income Tax Act. The entire maturity amount and the interest earned is non-taxable. -Deposits can be made till completion of fourteen years from the date of opening of the account. -The maturity of the account is 21 years from the date of opening of account or if the girl gets married before completion of such 21 years. -Premature closure of account is allowed, only in the following cases- In the event of death of the account holder. Where the Central Government is satisfied that operation or continuation of the account is causing undue hardship to the account holder |
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