Sukanya Samriddhi Yojana (SSY) is a scheme that the government has started to secure the future of daughters. If the daughter is less than 10 years old, then the parents of the girl can invest in this scheme in her name. In the Sukanya Samriddhi Scheme, you have to invest continuously for 15 years and this scheme matures after 21 years. At present, this scheme is getting interest at the rate of 8.2 percent.

Since the period of maturity of the scheme in 21 years is quite long, many times people start investing in the scheme, but are not able to continue for a long time. At the same time, many times people find a scheme giving better returns than this and they want to stop this scheme in the middle. If you are also thinking of something like this, then you must know in which situations the Sukanya Account can be closed before 21 years and in which situations you can withdraw money in between maturity.

When Sukanya Samriddhi Account can be closed in between

- If the legal guardian of the girl dies before maturity, then the account can be closed in between. But this facility is available 5 years after opening the account.

- If the account holder girl gets any life-threatening disease. If money is needed for treatment, you can close the account. But this facility is also available only after 5 years.

- Even if you give up Indian citizenship, your account is considered closed. In such a situation, all the money is returned with interest. But if you have settled in another country, but have not given up Indian citizenship, then this account can be continued till maturity.

In what situations pre-mature withdrawal is possible

- If you want to send your daughter for higher studies after 10th and you need money for this, then you can withdraw up to 50 percent of the amount after your daughter turns 18 years old. This amount can also be 50 percent of the total balance of the previous financial year. But for this, you will have to provide proof for higher studies.

- If the girl in whose name the investment has been made in the scheme dies before the scheme matures, then her parents get the money invested in this scheme along with interest. However, for this, the girl's death certificate has to be submitted.

- If your daughter gets married at the age of 18, then you can withdraw 50 percent of the balance in the account. But this 50 percent is of the total balance of the previous financial year. For this, money can be withdrawn from one month before the girl's marriage till three months after the marriage.