How to check Sukanya Samriddhi account balance by SMS
You can check your Sukanya Samriddhi account balance or receive a mini statement through SMS by following these steps:
Step 1: Register your mobile number
Type “register” and send it to 7738062873 from the mobile number linked with your Post Office savings or current account.
Step 2: Confirmation of registration
You will receive an SMS confirming successful activation of the SMS banking service.
Step 3: Check balance
After registration, type “balance” and send it to 7738062873 to receive your Sukanya Samriddhi account balance.
Step 4: Get mini statement
To receive recent transaction details, type “mini” and send it to 7738062873.
Step 5: Receive information
You will receive an SMS shortly with your requested balance or mini statement details.
Checking balance through mobile banking apps
Many banks allow Sukanya Samriddhi Yojana (SSY) account holders to check their account balance through their mobile banking applications. After registering your SSY account with internet or mobile banking, you can log in to the app, navigate to the deposits or accounts section, and view the available balance, recent transactions, and other account details. This provides a quick and convenient way to monitor your savings without visiting a bank branch or updating your passbook.
How to transfer Sukanya Samriddhi Yojana account?
Step 1: Visit the bank or post office
The parent or guardian must visit the existing bank branch or post office where the Sukanya Samriddhi Yojana (SSY) account is currently maintained. Carry the SSY passbook and valid identity and address proof documents while initiating the transfer request process.
Step 2: Submit the transfer request form
Fill out and submit the account transfer application form provided by the bank or post office. The form generally requires details such as account number, existing branch details, and the branch or post office where the account needs to be transferred.
Step 3: Provide supporting documents
Applicants may need to submit KYC documents, proof of relocation, Aadhaar card, and other supporting documents required by the institution for verification and approval of the transfer request.
Step 4: Account transfer completion
After verification, the existing branch processes the transfer request and forwards the account details to the new branch or post office. Once completed, the SSY account can be operated from the new location.
How to close Sukanya Samriddhi account?
Account closure due to unavoidable circumstances
The Sukanya Samriddhi Account may be closed prematurely under exceptional or unavoidable situations approved by the authorities. Such closure is generally permitted in cases where continuing the account causes financial hardship or due to the unfortunate death of the account holder.
- Premature closure may require supporting documents and official approval.
- The balance amount along with applicable interest is transferred to the guardian or nominee.
- Banks or post offices may ask for medical certificates or legal documents in specific situations.
Account closure for specific reasons
The SSY account can also be closed after the girl child reaches 18 years of age for higher education or upon maturity after completion of the scheme tenure. Closure requests must be submitted with the required documents and passbook.
- The account matures after 21 years from the date of opening.
- Withdrawal for higher education may require admission proof from a recognised institution.
- Remaining maturity proceeds are credited after successful verification and closure formalities.
Tax benefits on Sukanya Samriddhi Yojana
SSY enjoys the unique EEE (Exempt-Exempt-Exempt) status under Section 80C of the Income Tax Act. This means:
- Contributions up to Rs. 1.5 lakh annually are eligible for tax deductions.
- The interest earned is completely tax-free.
- The maturity proceeds are also tax-exempt.
While SSY locks your funds for a long tenure, you can diversify your tax-free and taxable investments by adding a Bajaj Finance FD, which offers assured growth without long lock-ins. Book FD.
Conclusion
The Sukanya Samriddhi Yojana is more than just a savings plan—it is a financial promise to secure your daughter’s future. With guaranteed returns, tax exemptions, and government backing, it stands as a trusted option for long-term planning.
At the same time, pairing SSY with Bajaj Finance Fixed Deposits gives you the advantage of flexibility, assured growth, and one of the highest FD interest rates in the market. Together, they create a balanced strategy to secure both short-term needs and long-term dreams. Open an FD account and start earning up to 7.75% p.a.
Calculate your expected investment returns with the help of our investment calculators
