What is rule of Sukanya Samriddhi Account (SSA) premature withdrawal? - FAQ

What is rule of Sukanya Samriddhi Account (SSA) premature withdrawal? - FAQ

 

• Premature withdrawal subject to the condition that the account holder for the purpose of higher education, withdrawal of up to 50 per cent of the amount in the account at the end of preceding financial year of application for withdrawal is allowed.

 

• Such withdrawal shall be allowed after the account holder attains the age of eighteen years or has passed tenth standard, whichever is earlier.

 

• The amount of withdrawal shall be restricted to the actual requirement on account of fee and other charges required at the time of admission as shown in the offer of admission or the relevant fee-slip issued by the educational institution.