Don’t know which banks allow opening Sukanya Samriddhi Account in India? Then I am sure you will find this list of 28 banks for opening Sukanya Samriddhi Account in 2018. These days many people are transferring SSA from post office to bank due to track things online.

Here is the list of 28 banks in India (considering public and private) where you can open Sukanya Samriddhi Bank Account easily. If you want, you can transfer SSA from post office to bank also.

  1. Allahabad Bank
  2. Andhra Bank
  3. Axis Bank Limited
  4. BoB – Bank of Baroda
  5. BoI – Bank of India
  6. Bank of Maharashtra
  7. Canara Bank
  8. CBI – Central Bank of India
  9. Corporation Bank
  10. Dena Bank Limited
  11. ICICI Bank Limited
  12. IDBI Bank Limited
  13. Indian Bank
  14. IOB – Indian Overseas Bank
  15. OBC – Oriental Bank of Commerce
  16. P&SB – Punjab & Sind Bank
  17. PNB – Punjab National Bank
  18. SBBJ – State Bank of Bikaner and Jaipur
  19. SBI – State Bank of India
  20. SBH – State Bank of Hyderabad
  21. SBM – State Bank of Mysore
  22. SBP – State Bank of Patiala
  23. SBT – State Bank of Travancore
  24. Syndicate Bank
  25. UCO Bank
  26. Union Bank of India
  27. United Bank of India
  28. Vijaya Bank

Note: You can also open SSA account in other banks like HDFC Bank, ICICI Bank which are not mentioned in the initial list of authorized banks. Please check your bank website or call them whether they have enabled the SSA account opening process.

Can Sukanya Samriddhi account be transferred from post office to bank?

Yes, you can easily transfer your Sukanya account from post office to bank. You just visit to your nearest post office and close that account there and collect the original document copy, remaining balance cheque or DD. Then visit to your nearest bank from this list of 28 banks and open a fresh account submitting all these documents.

If you have Sukanya account in the post office, you may not be able to transfer money online. You have to deposit money in your account by visiting post office only. But in the case of banks, one can easily transfer money through net banking facility.

This scheme was launched by our honorable prime minister Shri. Narendra Modi on 22nd January 2015. This is one of the best investment options for your girl child. The main purpose of launching Sukanya Samriddhi Scheme was to save the girl child (Beti Bachao Beti Padao) by ensuring their education & marriage expenses.

Sukanya Samriddhi Account has many good features like it has the highest interest rates of 9.1 % for this financial year 2014-15. Amount deposited in this account will be income tax exempted under section 80C.

What are the documents required for Sukanya Samriddhi account in Bank?

Following are the 3 documents required to open Sukanya Samriddhi account:

  1. Birth Certificate of the Girl Child having Name on it.
  2. Identity Proof of the Parent or Legal Guardian.
  3. Address Proof of the Parent or Legal Guardian.

In case you have any doubt about Sukanya Samriddhi Yojana in the bank, then you can write a comment below and share your doubts. I would love to answer your questions if any.


  1. I would like to know the following

    Can father and mother both can invest 1.5 lac each to this account or only total 1.5 lac per year only allowed.
    Appreciate your feedback

  2. Dear Friends,

    Myself Prakash singh, i would like inform all of you that do not waste your money in sukanya samriddhi account, my daughter is only 03 months old and i have opened sukanya samriddhi account and deposited Rs. 1.5 lac in the same, now i came to know that the government is reducing the interest rates, so i would like to request you dont waste your money in this account i have also made a very big mistake thought i will deposit Rs. 1.5 lac every year till 14 year but now onwards im also not going to deposit any money. please click on the below link to know further detail.

    • Yes Prakash, I have read that news and I also thnk that this scheme will loose all its shine in case interest will be reduced. Let’s see what happen in next budget 2016.

  3. If suppose the parent or legal guardian is unexpectedly passed away, then the Govt should pay the some minimum amount per month to the respective account and make the account active. This will help to bring up the girl child life in our society.
    Our Govt think about the Girl child future, definitely consider this query and implement the rule under the scheme.

    • Hi Gopinath,

      This is really a nice point you have raised. I also agree that Govt. should contribute something to make this scheme more effective. But I don’t think they will agree that after death of legal guardian Sukanya Samriddhi Account will continue by depositing money from Govt side. But off-course some way should be considered to handle this kind of situation. Let’s see how Govt. consider this scheme for improving women upbringing in our country.

  4. 1. Interest Amount on maturity should not be taxable
    2. Plus the high interest rates is not a constant, the number will keep changing over the years.
    3. Why should one stop at 14?
    These are the drawbacks in this scheme, and I feel sad about it. I wish atleast the above mentioned, point 1 and 3 should change.
    Is there a way that I can open PPF for my 2 year old girl child? If yes, I feel thats a better option! Please suggest!

    • You are right Gagan. Sukanya Samriddhi Account has lot of potential to make a corpus for long term. Specially for rural people as they prefer to invest in safest product with guaranteed return. But these drawbacks simply make this product more weak. But I am hopeful that in coming years Sukanya Samriddhi Account will see a lot of changes which will be good only. I think SSA could be the best alternative for PPF account.

  5. I believe that this is a very good step but this account should have had the EEE status. Making the maturity amount as taxable takes away all the shine away from this scheme. I am personally a big fan of PPF, mutual funds, SIP and equity investments. I will be opening an account for my daughter in this scheme but would have loved if the maturity amount was not taxable.

    • Good luck Harjot. Happy to hear that you are going to open a Sukanya Samriddhi Account soon. Share your experience here as well. Besides them I am also a big fan of invest in Mutual Fund in SIP way. This is the best way one can create wealth for future expenses. And for child education when the horizon of investment is more than 15 years PPF, Sukanya Samriddhi Account, MF are the best tool to target. Off-course as per your risk taking ability.

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