Can Sukanya Samriddhi Account Be Opened For NRI?

There is no provision to open a Sukanya Samriddhi Yojana for NRI. Let me detail you about the same.

Can NRI Open Sukanya Samriddhi Yojana Account?

As I already informed you that NRIs cannot open SSY accounts. However, once they return to India, they can contribute to the SSY (Sukanya Samriddhi Yojana) scheme for their daughters. The SSY account remains operative for 21 years from the date of opening or until the girl child gets married after turning 18 years old. The current interest rate for SSY is 8%.

Here’s the eligibility breakdown for SSY account for NRI girl children:

• Father’s Nationality

  : Indian (NRI)

• Mother’s Nationality

  : Indian (NRI)

• Daughter’s Nationality

  :

1. OCI or PIO

   : Not eligible

2. Indian and residing outside India

   : Not eligible

3. OCI or PIO residing in India

   : Eligible

4. OCI or PIO living outside India

   : Indian residing in India (Eligible)

This suffices your query about, can an NRI open Sukanya Samriddhi account.

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Curious about whether is Sukanya Samriddhi Yojana applicable for NRI? No. NRIs are technically restricted from making investments in SSY. Only girls who are citizens of India at the time of account opening and who continue to be so until the account matures are eligible for the Sukanya Samriddhi Scheme.

Can NRI Open Sukanya Samriddhi Yojana?

The eligibility for NRI, OCI, and PIO girl children under the Sukanya Samriddhi Yojana is as follows;

If the girl child becomes a non-resident at any point after the SSY account is opened, the account will be closed and no interest will be paid.

I hope this helps you understand whether can NRI open SSY account or not.

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Hey Buddy,

The Sukanya Samriddhi Yojana is the Indian government's endeavour to grant freedom and equality to the country's girls. It seeks to offer the female children of India the greatest advantages and provisions, and opening an account is quite simple!

It is widely known that the Sukanya Samriddhi Yojana programme is open to all citizens of India. However, some people, such as OCI and PIO holders, might prefer to register a Sukanya Samriddhi Yojana account for their kids. They must therefore be questioning can Sukanya Samriddhi account be opened for NRI.

.

The plan stipulates that a Sukanya Samriddhi account for NRI child cannot be opened while they are abroad, they are permitted to do so for their girl kid after they arrive in India. I believe this clarifies your query, can NRI open Sukanya Samriddhi account.

No. NRIs are technically not permitted to invest in it. A girl kid can only participate in the Sukanya Samriddhi Scheme if she is an Indian citizen who is a resident at the time the account is opened and who continues to be one until the account matures.

If the female child becomes a non-resident at any point after the SSY account is formed, the account will be deemed closed, and no interest will be paid.

I hope this suffices your query, can Sukanya Samriddhi account be opened for NRI. I hope this helps:)

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