You have a daughter at home, and you likely plan for her future. Whether it's investing in a scheme or something else, when people consider a scheme, there's bound to be some confusion or misunderstanding. The same is true with the Prime Minister's Sukanya Samriddhi Yojana. The Sukanya Samriddhi Yojana is often seen as a "lock and forget" investment. You open it for your daughter, make regular contributions, and let it grow for 21 years.

The Sukanya Samriddhi Yojana account matures after 21 years from the date of opening. Withdrawals are restricted until then. This scheme is designed to encourage long-term savings, so you can't withdraw funds at will.

However, some institutions allow withdrawals
, allowing up to 50% of your account balance once your child turns 18. This facility is typically offered for higher education expenses.

When can the account be closed?
You don't have to withdraw the entire amount all at once; it can be withdrawn in installments, usually over a period of years, as needed. In some special cases, the account can be closed before the age of 21. This account can be closed if a girl gets married after turning 18.

PC- Universalinstitutions.com