Do you also have old Sukanya Samriddhi Yojana account? Which was opened by grandparents or great-grandfather. The government can close your Sukanya prosperity account. If you have the old Sukanya Samriddhi Yojana (SSY) account, then there is news of relief for you. The Department of Economic Affairs has recently issued new guidelines, which will be applicable from 1 October 2024. These rules are for regularizing savings accounts opened incorrectly. They have to be transferred to their name before the 1st date.
Did the grandparents open Sukanya to eat prosperity?
Now if the grandparents have opened SSY accounts for their granddaughters. Therefore, they have to follow the new rules. Previously, grandparents opened these accounts for their grandchildren, but according to new guidelines, now only legal parents (parents) can open and close the accounts. Such old accounts have to be transferred in the name of parents.
Documents required to fix old accounts:
Original Account Key Passbook: It contains all the account information. Birth certificate of the girl: Evidence of the age and relationship of the girl. Proof of relationship with girl: Birth certificate or other legal documents. Evidence of new patronage: The official identity card of the parents or guardian. Completely filled application form: This form will be available in the post office or bank where the account has been opened.
How to transfer:
First, go to the post office or bank where the account was opened. According to the new guidelines, inform the authorities to transfer the account of the parents. Fill the transfer form provided by the bank or post office. Both the current account holder (grandparents) and new parents (parents) have to sign the form.
Verification and Update:
After submitting the form and other documents, the bank or post office staff will review the request and verify. If necessary, they can also ask for additional information. After the verification is completed, the account records will be updated with new parents’ information.
