The role of the Guardian in the Sukanya Samriddhi Yojana Savings Scheme

This article contains information regarding the role and responsibilities of the Guardian for account holders under the Sukanya Samriddhi Yojana Account scheme.

This is a quick list of details relating to the Guardian in the Sukanya Samriddhi Yojana Account scheme.

• A “Guardian” under this scheme could be either one of the parents of the girl child, or a legal guardian so named.
• When opening the account, ID proof and address proof of the Guardian must be submitted for Sukanya Samriddhi Yojana.
• A legal affidavit must also be submitted at the time of opening the account that confirms the identity of the person as the legal guardian of the girl child.
• The Guardian will run the Sukanya Samriddhi Yojana account until the girl child attains the age of 10 years.
• The Guardian’s role is to operate the account on behalf of the girl child, in the absence of one or both parents.
• In case the Guardian dies or is rendered incapable of operating the account when the girl child is under the age of 10:
• The account will be then handled by the parents if the parents are alive.
• The account will be then handed to the care taker of the child, provided the care taker submits relevant documents.
• Once the girl child attains the age of 10, she has all the operating rights and permissions relating to the Sukanya Samriddhi Yojana account.