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Home FINANCE SSY Account Before Maturity Rules: Money can be withdrawn before maturity...
  • FINANCE

SSY Account Before Maturity Rules: Money can be withdrawn before maturity in Sukanya Samriddhi Yojana, know the method

By
Pravesh Maurya
-
July 30, 2023
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    Sukanya Samriddhi Yojana: The central government is continuously working for the future of the daughters of the country. Keeping the future of daughters at the center, the government is running many schemes.

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    Sukanya Samriddhi Yojana is one such scheme which has been made only by looking at the girl child. Daughters from all over the country are taking advantage of this. Through this scheme, the tension from the education of the daughter to marriage can end. People investing in it are being given interest at the rate of 8 per cent. This small savings scheme is a long term investment scheme. Who works to secure the future of your daughters.

    Sukanya Samriddhi Yojana was launched in the year 2015. Under this scheme, the account of daughters below the age of 10 years is opened only in the name of their parents. With the help of Sukanya Samriddhi Yojana, you can arrange for your daughter from Rs 1.35 lakh to Rs 70 lakh.

    The government gives very good interest on it and also gives tax exemption. In this you do not even have to pay money together. Even if you deposit only Rs 250 every year, the account will remain operational. By February 2023, more than 3 crore accounts have been opened under this scheme.

    The maturity period of SSY scheme is 21 years. That is, the full amount can be withdrawn only after this period. If you want to send your daughter for higher education after 10th and you need money for this, then you can withdraw up to 50% of the amount after the daughter turns 18. For this, you will have to provide documents related to it. As a proof, the money for the education of the daughter can be taken in installments or together.

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      Pravesh Maurya
      Pravesh Maurya
      https://www.rightsofemployees.com/
      Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @[email protected]
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