Sukanya Samriddhi Yojana: What is Sukanya Samriddhi Yojana, when can you withdraw money, know here!

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The government has launched a scheme aimed at daughters to invest, offering attractive returns after a few years. This scheme is called Sukanya Samriddhi Yojana, in which an account can be opened for a daughter up to 10 years of age. This is a savings scheme that offers an interest rate of 8.2%, which means the longer you deposit money, the more interest you will get in your account. People often wonder about how much time it will take to withdraw funds from this account and whether it is possible in an emergency. Today we are clearing this confusion.

There is no risk involved in Sukanya Samriddhi Yojana. One can deposit a minimum of Rs 250 per year or up to Rs 1.5 lakh annually. Every year the amount has to be deposited in this account by March. Since it is a government scheme, there is no risk involved, and you are guaranteed returns. Only one Sukanya account can be opened for a girl child, but families can open the account for two daughters.

When can you withdraw money?

Sukanya Yojana becomes mature when the girl turns 21 years of age. However, if you need to withdraw the funds earlier, you can make a partial withdrawal after the girl turns 18. During this period you can withdraw up to 50% of the total deposited amount, the remaining amount is kept reserved for the girl's education and future needs.

Some people may wonder whether partial withdrawals are allowed before age 18. No, withdrawal from Sukanya Samriddhi's account is not allowed before the girl turns 18. You have to wait for the funds to reach this milestone before you can access them. Lakhs of accounts have been opened in this scheme, in which people invest significant amounts every year due to its attractive interest rates.