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Post that, 50% of the funds can be withdrawn from the Post Office Sukanya Samriddhi account for the purpose of higher education/marriage Activation - As mentioned earlier, a minimum deposit of Rs. 250 is required per year till at least 14 years to keep the account in an active state.
SSA :-I hereby declare that no other account has been opened under Sukanya Samriddhi Account in the name of the depositor in any of the Post office/Bank in the country. PPF :-(1) I hereby declare that no other account has been opened under Public Provident Fund Account in the name of the
account shall be paid at the rate applicable on Post Office Savings Account for the balance held in the account. (3) Where the accounts office is satisfied that in case of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian that the operation or
Feb 10, 2022 · Sukanya Samriddhi Yojana investments are eligible for deductions under Section 80C of the Income Tax Act, 1961, up to a maximum of Rs 1,50,000. In addition, the interest earned, and the amount received at maturity of this scheme are tax-free.
Sukanya Samriddhi Yojana (SSY) is a savings scheme launched back in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or India Post branch.
(3) Where the accounts office is satisfied that in case of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian that the operation or continuation of the account is causing undue hardship to the account holder, it may, after complete documentation establishing the grounds for such closure, by order and for reasons to be recorded in writing, allow premature closure of the account.
The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage; Passbook will be issued to customers. Withdrawal Facility
