{"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>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>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>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><\/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_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}},"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":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/posts\/91","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efinlab.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91"}],"version-history":[{"count":1,"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/posts\/91\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/efinlab.in\/index.php?rest_route=\/wp\/v2\/posts\/91\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/efinlab.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efinlab.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efinlab.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}