InvestorQ : Is premature withdrawal allowed in Sukanya Samriddhi Yojana (SSY) scheme?
Suhani Mirza made post

Is premature withdrawal allowed in Sukanya Samriddhi Yojana (SSY) scheme?

Answer
user profile image
Nishita Gala answered.
1 year ago


Yes, premature withdrawal is allowed in the Sukanya Samriddhi Yojana (SSY) scheme, which is a small-savings scheme.

One can withdraw the scheme once the girl child attains the age of 18 years.

At such a time, up to 50% of the balance standing at the end of the preceding financial year can be withdrawn.