Is it possible to close the Sukanya SamriddhiYojana account before reaches maturity ?
Account can be closed in the following cases.
- The account will be closed immediately in case of unfortunate death of the girl child. Then guardian must produce the death certificate as proof. The amount deposited till the last month, will be paid back to the guardian with interest.
- If there is no further legal guardian to continue the deposit of the account after the death of the depositor, account can be closed by writing an application to account opening authority.
- In any other case, due to not able to manage cash for maintaining minimum balance or some urgent cash requirement due to extreme health condition etc. the account can be closed by submitting due application form.
Sukanya Samriddhi Yojana - Recently Asked Questions
How can I change SSY (Sukanya Samriddhi Yojana), account guardian? My wife opened an SSY account in her SBI account. I want to transfer SSY account into my SBI account where PPF, NPS and other things can be managed from one place.
How can I update my daughter’s name in Sukanya Samriddhi Yojana? I have already opened SSY in the post office. Now, I want to add an initial to my daughter’s name on the birth certificate. Can I make the same changes in the SSY account?