How To Link Sukanya Samriddhi Account In PNB Online

Sukanya Samriddhi Yojana – Introduction

Sukanya Samriddhi Yojana is a special savings scheme launched in January 2015 by Prime Minister Mr.Narendra Modi. The Sukanya Samriddhi Yojana(SSY) is a part of Beti Bachao Beti Padhao campaign. The motive of the scheme is to promote financial security for girl children and save money for their higher studies. This Sukanya Samriddhi Yojana offers tax benefits under Section 80C(upto 1.5 lakhs) of the Income Tax Act, making it an attractive option for parents.

The SSY account matures after 21 years of its opening date, which means if the girl is 5 year old at the time of account opening then the account will mature when girl attains the age of 26 years. However, partial withdrawals of up to 50% are permitted once the girl turns 18. This account can be opened at any authorized bank or post office by submitting the necessary documents. Once opened, account holders can also link it to their net banking profile for easy online transactions.

Important Features of Sukanya Samriddhi Yojana

A Sukanya Samriddhi Yojana account can be opened in a girl child’s name anytime from birth until she reaches 10 years of age. To keep the account active, a minimum annual deposit of ₹250 is required, while the maximum deposit limit is ₹1.5 lakh per financial year (April 1 to March 31).

• Eligibility: An account can be opened for a girl child by her parents or legal guardian from birth until she is 10 years old.
• Minimum Deposit: Rs 250 per annum.
• Maximum Deposit: Rs 1.5 lakh a year (from April 1 to March 31).
• Maturity Period: 21 years from the date of the opening of the account.
• Partial Withdrawal: Once the girl child attains 18 years of age, a maximum of 50% amount from SSA can be withdrawn.
• Where to Open: Nationalized & Private Banks or post offices are authorized to open SSY accounts.
• Tax Benefits: Investment done in SSY account can be claimed under Section 80C of Income tax/

Linking Sukanya Samriddhi Yojana Account to PNB Net Banking

For those using Punjab National Bank (PNB) Net Banking, linking a Sukanya Samriddhi Account requires an active PNB Net Banking account. If you haven’t registered yet, you will need to do so first. In this guide, we will walk you through the process of linking your Sukanya Samriddhi Yojana account to PNB Net Banking for seamless fund transfers and management.

If you have an SSY account with Punjab National Bank (PNB), you can link it to your PNB Net Banking for smooth transactions.

Steps To Link An SSY Account Within PNB Net Banking

1. Visit the official PNB Net Banking website.
2. Click on the Retail Banking Login option.
3. Enter your User ID and Password, fill in the Captcha, and log in.
4. Navigate to the Manage Accounts section and select Sukanya Samriddhi Account.
5. Now Click on Online Sukanya Account Linking
6. In the next step Select Operative Account(You have to choose Your Saving Account here)
7. Now Enter the Child’s Date of Birth and Click Submit
8. The Sukanya Samriddhi Account is now linked to your PNB net banking.

How to Make Payments to SSY Account with PNB Net Banking?

1. Login to PNB Net Banking.
2. Click on to Retail Banking Login.
3. Under Manage Accounts, click on Sukanya Samriddhi Account.
4. Click on Make Payments.
5. Select the savings account through which the funds will be transferred.
6. Enter the amount you want to deposit (minimum Rs. 250 maximum 1.5 lakh)
7. Click Continue, enter Transaction Password, and complete payment.

Rules Regarding Sukanya Samriddhi Yojana

• One SSY account is allowed per girl child.
• The SSY account can be opened by parents or guardians.
• At the account opening time, the girl should be below 10 years in age.
• Maximum two accounts per family, except in cases of twins/triplets.
• In order to keep the account operational, the minimum deposit of Rs. 250 has to be done every year.

Common Questions Regarding Sukanya Samriddhi Yojana