Sukanya Samriddhi Yojana: How to open Sukanya Samriddhi account online on PNB ONE app
By Sneha Kulkarni, ET Online |
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Now open SSY online
Punjab National Bank (PNB) has introduced a digital facility to open Sukanya Samriddhi Yojana (SSY) accounts through its official mobile banking platform, the PNB ONE app. This new feature allows existing PNB customers to conveniently open SSY accounts for their girl children from the comfort of their homes, eliminating the need to visit a physical branch.
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What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed small savings scheme designed to encourage parents to save for the future education and marriage expenses of their girl child. It offers attractive interest rates, tax benefits under Section 80C, and tax-free returns on maturity. The scheme offers an interest rate of 8%.
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Who can open a Sukanya Samriddhi Account?
The new feature is available to existing PNB customers who wish to open an SSY account for their girl child without visiting a bank branch. The process is completely digital, making it convenient and time-saving.
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How to open a Sukanya Samridhi account online?
Steps to open SSY account via PNB ONE App
Step 1: Open the PNB ONE App on your mobile device and login
Step 2: Tap on the ‘Services’ option from the main menu.
Step 3: Select ‘Govt. Initiative’.
Step 4: Choose ‘Sukanya Samriddhi Account Opening’.
Step 5: Follow the on-screen instructions to complete the process.
Step 1: Open the PNB ONE App on your mobile device and login
Step 2: Tap on the ‘Services’ option from the main menu.
Step 3: Select ‘Govt. Initiative’.
Step 4: Choose ‘Sukanya Samriddhi Account Opening’.
Step 5: Follow the on-screen instructions to complete the process.
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Important note
Note that only account opening is now online, post-opening operations such as partial withdrawal, account closure, or premature closure will still be handled at the base branch, in line with the existing offline process.