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What Are The Rules Under Sukanya Samriddhi Yojana?

Published On Sep 08, 2021 12:00 PM By InsuranceDekho

You can contribute a portion of your money to the Sukanya Samriddhi Yojana to ensure that your daughter's goals for higher education and marriage are financially supported despite inflation. A Sukanya Samridhi Yojana account can only be opened for one girl child, and parents cannot create a third/fourth account if they have more than two girl children. These accounts are valid for 21 years, or until the girl child reaches the age of 18 and marries. There are additional regulations like these, which are covered in this article.

Rules Relating To Sukanya Samriddhi  Yojana 

Sukanya Samriddhi Yojana's laws and regulations are quite basic and straightforward. One of the main regulations of Sukanya Samriddhi is that withdrawals from the account are not permitted until the girl child reaches the age of 18. 

1. Withdrawal Rules From Sukanya Samriddhi Account

Here are certain Sukanya Samriddhi Account regulations about withdrawal and account termination. 

  • There may be no withdrawals until the female child (in whose name the account was created) reaches the age of 18.
  • According to the guidelines, the female child (in whose name the account has been created) can take up to 50% of the account balance when she reaches the age of 18 for further study or marriage.l The money will compound at the current rate of interest for the next 21 years from the day the account was opened.
  • The account matures in 21 years from the day it was opened and may thus be completely (100%) withdrawn only at that time.
  •  It is also worth noting that withdrawals will be permitted only for accounts that have been deposited for 14 years.

2. Account Closing Procedures

There are just two circumstances in which the Sukanya Samriddhi Account might be prematurely closed (the account matures 21 years after it was established).

  • If the parent or legal guardian is unable to continue to carry on the account: The government must sign off on such a case, which appears to be a tough procedure that will not be considered unless there are medical emergencies and/or life-threatening conditions.
  • If the account holder dies: If the account holder dies, the parent or legal guardian must submit a death certificate issued by the appropriate authority and cancel the account. In this scenario, the balance, including interest accrued up to the month before the account is closed, will be handed to the parents or legal guardians.

3. Sukanya Samriddhi Account Rules

The new Sukanya Samriddhi Account Yojana plan allows parents to save money for their female offspring in a special savings account.

  • After the female kid marries, the account can no longer be used.
  • On account of maturity, only the girl kid can make a full (100%) withdrawal.


Sukanya Samriddhi Yojana is one of the greatest investment options for you to build a corpus for your daughter when she reaches the age of 18. This plan guarantees that you have enough money set aside for your daughter's future financial requirements, such as further education, a jump start in her profession, or marriage expenditures. When compared to other investment alternatives, the Sukanya Samriddhi Yojana has a high rate of interest. The government announces the interest rate once a year. You may build a corpus for your female kid and assist her to accomplish her objectives with the help of a high rate of interest.

Also read - Things to Look for While Purchasing a Child Insurance Plan

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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