SSY- Those who invest in Sukanya Samriddhi Yojana should know, after how many years can they withdraw money, let's know the complete details

The Indian government has started Sukanya Samriddhi Yojana to remove the worries of those fathers of the country who have daughters and worry about their future, the objective of this scheme is to secure the financial future of daughters. This scheme provides the facility to save for the education and marriage of daughters by offering attractive interest rates and guaranteed returns on your investment. If you want to invest wisely in your daughter's future, then this scheme can be the right choice for you. Let's know about this scheme-

Eligibility: An account can be opened for a daughter below 10 years of age. Families can open an account for a maximum of two daughters.

Investment amount: You can deposit a minimum of ₹ 250 per year, with a maximum limit of ₹ 1.5 lakh annually. Regular deposits have to be made by March every year.

Interest rate: This scheme offers an attractive interest rate of 8.2%. The longer you keep your money invested, the higher the returns.

Maturity period: The account matures when the daughter turns 21. Till then, the fund grows and earns interest.

Partial withdrawal: You can withdraw up to 50% of the total deposit amount after your daughter turns 18. This provides financial flexibility for her education or other expenses.

No early withdrawal: Withdrawals cannot be made before the age of 18, ensuring that the funds are safe for important milestones.