Want to close your Sukanya Samriddhi Yojana account? Know the rules

Various schemes are run by the government. One of them is the Sukanya Samriddhi Yojana. Sukanya Samriddhi Yojana is specially designed for girls. You can secure your child’s future by investing in this scheme. But sometimes it happens that you are not able to invest due to any compulsion or you get a scheme where you get more returns; in such a case, you will want to withdraw money. Let us know how you can withdraw money in the Sukanya Samriddhi Yojana.

Sukanya Samriddhi Yojana

If you want to apply for Sukanya Samriddhi Yojana, then your child should be less than 10 years of age. Parents can invest in this scheme in the name of the child. You invest in this scheme for 15 years. At the same time, your money matures after 21 years. In this scheme, you get up to 8.2% returns. If someone wants to stop investing in this scheme due to a financial crisis. Or wants to leave Sukanya Samriddhi Yojana because of a better scheme. Then this article is for you.

When can the account be closed?

If the beneficiary dies before maturity, then in such a situation you can close the account. But this facility is also available to the beneficiary only after 5 years. Along with this, if the girl or beneficiary gets any such disease. Due to which his life is in danger, in such a situation you can also close the account. This facility is also available even after 5 years. If an Indian gives up citizenship, then in such a situation you can ask for the money invested in Sukanya Samriddhi Yojana.

When can a premature withdrawal happen?

If you want to withdraw money from Sukanya Samriddhi Yojana in advance, then it can be possible. Suppose if you want to send your daughter out for higher education after 10th, then in such a situation you can withdraw up to 50% of the amount when the daughter is 18 years old. If he dies before the scheme matures, then in such a situation you can withdraw money from the scheme. On the other hand, if you want to get your daughter married, then in such a case you can withdraw money as soon as you are 18 years old. But you can withdraw only 50 percent of the money.

If the beneficiary or in whose name the investment has been made in the scheme. If he dies before the scheme matures, then in such a situation you can withdraw money from the scheme. On the other hand, if you want to get your daughter married, then in such a case you can withdraw money as soon as you are 18 years old. But you can withdraw only 50 percent of the money.