Lok Sabha Question No. 123 (STARRED), answered on 2016-03-04
Subject: Sukanya Samriddhi Yojana
Ministry: FINANCE
Asked by: BHOLA SINGH, C.S. PUTTARAJU

## GOVERNMENT OF INDIA MINIS'I ItY OF FINANCH DI::PARTM[ N]" Of; FCONOMTC  At- FAIRS

## LOK SABHA STARRFD  QUESTTON NO.  *123

TO BE ANSWERED ON FRIDAY  4TH MARCH, 2016 .'SUKANYA SAMRIDDHI YOJANA'

No.123.

rJR BI.1OLA SINGH: SHRI C S, PUTTA RAJU

Will the Minister of FINANCE  be pleased to state:-

- (a) whetlier  the Government  has launched  a special  deposit scheme  viz. Sukanya Samriddhi  Account for girl child and if so, the details and the salient  features of the , schen]e;
- (c)  the number of accounts  opened  by PSU Banks, bank wise, since inception  of scheme in 2015;
- (b) the cost  sharing pattern  between the Union  and States under the scheme;
- (d) whether  the Union Government  has proposes  to transfer the said scheme  to States and if so, the details  thereof; and
- (e) if so. the response of the state Governments  in this regards?

FINANCE MINISTER

(a) (e):  A statement is laid on the Table of the House.

(sHRr ARUN JATTLEY)

Statement  referred  to in reply to Lok Sabha Starred  Question No. *123.for  answer on March 4,2A16 raised by Dr. Bhola Singh and Shri .C.S. Putta Raiu regarding 'Sukanya  Samriddhi Yojana':

- (a)-(e) A new small savings  scheme  tii cater to the requirements  of education and marriage of the girl ch.lld viz. Sukanya  Samriddhi  Account Scheme  was notified on 2.12.2014. The salienJ features of scheme are given below:',i
1. Account may be opened by the guardian in the name of a girl child from her birth till she attains ten years of age.
- ,2. Any girt child who .had attained age of 10 years, one year prior  :to  the
- comn'rencement  of the scheme was also eligible to open an account,
- 3, Only one account shall be opened and operated for a girl under this scheme.
4. The account  can be opened in Post offices or authorised.branches of commeicial banks. -"j -
5. This scheme shall be applicable for two girl children only in one family.
- 7 .  Deposit in the scheme qualifies for tax concession  under Section B0 C'of lncome
- 6  lrritially account  can be opened with a minimurn  of Rs.1000/-.  Thereafter, any' anrount in the nrultipte  of Rs.100/- can be deposited subject  to the minimum  of Rs.1000/- and maximum of Rs,1, 50,0001 in a financialyear.
- Tax  Act. \
8.  .Any payment from Sukanaya Samriddhi Account will not be included in the income of the account holder
- lnterest at the rate as may be notified  by the government from time to time will be calculated on yearly compounded  basis and credited to the account.  For the current financial year i.e. 2015-2016 interest  @9.2o/,  shall be payable.
- I
- 10 The account can be transferred anvwhere in lndia from one Post office/Bank  to
- another.
11. The account shall mature after 21 years of opening, if not closed prematurely

Sukanya Samriddhi Account Scheme is run by Union Government through Post Offices and authorized  branches of commercial banks, Central government bears the entire management  cost of this scheme. The number of accounts opened by Banks, bank-wise, since inception of scheme in 2015 is annexed h'erewith.

I

|                                   |                                   | Annexure                                               |
|-----------------------------------|-----------------------------------|--------------------------------------------------------|
| No. of Samriddhi Account in Banks | No. of Samriddhi Account in Banks | No. of Samriddhi Account in Banks                      |
|                                   | Bank Name                         | No, of Accounts oPened upto 31.01.2016 since inception |
|                                   | Allah"b"d Ba"k                    |                                                        |
|                                   | Andhra Bank                       |                                                        |
|                                   | Axis Bank                         | 94L                                                    |
|                                   | Bank of Bar:oda                   | 1"r,026                                                |
|                                   | Central Bank of India             |                                                        |
|                                   | ration Bank                       |                                                        |
|                                   | Dena Bank                         |                                                        |
|                                   | lDBl Bank                         |                                                        |
|                                   | lndian Bank                       |                                                        |
| tz{                               | Oriental Bank Of Commerce         |                                                        |
|                                   | Punjab National Bank              |                                                        |
| l*                                | State Bank of Hyderabad           | 2,309                                                  |
| i | 1-7 !_. _-*_             | state Bank of lndia               | 208,257                                                |
| :rs                               | State Bank of Patiala             |                                                        |
| ts------ r 10                     | rState Bank of Travancore         |                                                        |
| :2O                               | Syndicate Bank                    |                                                        |
| F---- izt                         |                                   |                                                        |
| t-; t.-tt..                       |                                   |                                                        |
| i.. '13                           | United Bank of lndia              |                                                        |
| !--*-                             | Vijaya Bank                       |                                                        |
| "24                               |                                   |                                                        |