{"id":91,"date":"2023-09-13T20:08:53","date_gmt":"2023-09-13T19:08:53","guid":{"rendered":"https:\/\/efinlab.in\/?p=91"},"modified":"2023-09-13T20:09:27","modified_gmt":"2023-09-13T19:09:27","slug":"how-to-withdraw-money-from-sukanya-samriddhi-account-before-maturity","status":"publish","type":"post","link":"https:\/\/efinlab.in\/?p=91","title":{"rendered":"How to withdraw money from sukanya samriddhi account before Maturity"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Yes, you can withdraw money from your Sukanya Samriddhi Yojana (SSY) account before maturity, but only under certain conditions. Here are some of the withdrawal rules for SSY account:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can withdraw up to <strong>50%<\/strong> of the available balance at the end of the preceding financial year for the <strong>marriage or higher education<\/strong> of the girl child.<\/li>\n\n\n\n<li>You can withdraw money only after the girl child <strong>reaches the age of 18<\/strong> or has <strong>passed 10th standard<\/strong>, whichever is earlier.<\/li>\n\n\n\n<li>You can withdraw money in <strong>one lump sum<\/strong> or in <strong>installments<\/strong> of up to once a year for a period of five years, subject to the prescribed limit and actual fee\/other charge conditions.<\/li>\n\n\n\n<li>You need to fill out <strong>Form-3<\/strong> and submit it with the necessary documents such as age proof, admission confirmation or fee structure.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can also close your SSY account prematurely in case of death or life-threatening disease of the account holder or guardian, or in case of marriage of the girl child after she is 18 years old. You need to fill out <strong>Form-2<\/strong> and submit it with the relevant documents such as death certificate or declaration on non-judicial stamp paper attested by the notary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it is advisable to keep your money invested in SSY account until maturity to benefit from the high-interest rates and tax benefits. The current interest rate for Q2 (July-September) FY 2023-24 is <strong>8% p.a<\/strong>. The deposits and the Interests earned are exempt from tax under section 80C and section 10(11A) respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, you can withdraw money from your Sukanya Samriddhi Yojana (SSY) account before maturity, but only under certain conditions. Here are some of the withdrawal rules for SSY account: You can also close your SSY account prematurely in case of death or life-threatening disease of the account holder or guardian, or in case of marriage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[11,12,32,33,6,34],"class_list":["post-91","post","type-post","status-publish","format-standard","hentry","category-personal-finance","tag-government","tag-government-scheme","tag-invest","tag-investment","tag-personal-finance","tag-taxfree"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Yes, you can withdraw money from your Sukanya Samriddhi Yojana (SSY) account before maturity, but only under certain conditions. Here are some of the withdrawal rules for SSY account: You can withdraw up to 50% of the available balance at the end of the preceding financial year for the marriage or higher education of the\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"efinlab.in\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/efinlab.in\/?p=91\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"eFinlab \u2022\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"How to withdraw money from sukanya samriddhi account before Maturity \u2022 eFinlab\" \/>\n\t\t<meta property=\"og:description\" content=\"Yes, you can withdraw money from your Sukanya Samriddhi Yojana (SSY) account before maturity, but only under certain conditions. 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