Many government savings schemes are being run in the country. In which many people invest. If someone has to collect good deposits for the future of their daughter, then Sukanya Samriddhi Yojana is a great option. If you have also invested in this scheme. Then you need to get new information related to the scheme.
New rules are going to be implemented regarding the scheme from October 1. Guidelines have been issued to regularize irregular accounts under the National Service Scheme in Sukanya Yojana. In which a daughter's account has been opened by her grandparents. Then it also needs to be updated. What will be the process for this, let us tell you?
The account will have to be transferred to the name of the legal guardian.
Changes have been made in the rules of Sukanya Samriddhi Yojana. Which will become effective from October 1. That is the accounts in the scheme which were not opened by the parents or legal guardian. They will now have to transfer it to the name of their parents or legal guardians. That is if an account has been opened by grandparents. Then the account will have to be transferred to the name of the parents. According to the new guidelines of the scheme, only parents or legal guardians can open and close the account.
These documents will be required.
To transfer the account opened by grandparents in Sukanya Samriddhi Yojana to the name of parents, you will need some documents. These include the original account passbook, daughter's birth certificate, certificate of being the legal guardian of the daughter, identification proof of parents, application form, and identity cards of the old account holder and new guardians i.e. grandparents and parents.
Follow this process
To transfer the account to the scheme, you will have to go to the branch where the account was opened. And along with it, you will have to take all the documents mentioned. Along with this, you will have to take the guardianship transfer form from the bank or post office. The correct information sought from both grandparents and parents will have to be filled in the form. Both of them will have to sign the guardianship transfer form.
Along with this, you will have to attach the relevant documents and submit the form to the post office or bank. After this, the bank or post office employee will review your transfer request and start its verification process. The account will be transferred to the parents' name and the details will be updated in the account.
(PC: Freepik)
