In SSY i.e sukanya samridhi yojana 5 interesting facts I am telling you in this article.

Many investing in this scheme.

But you may not be knowing the facts that I am going to tell You in this article.

Lets discuss in discuss them in detail in this article.

Transer of sukanaya samridhi yojana account…

It is not mandatory for you to hold this account till maturity upto maturity in same bank or in same post office.

In addition, You can easily transer this account from post office to bank or bank to post office, and in between post offices also.

However, You need to submiting the proof of address change of the guardian or the account holder.

Pre Mature withdrawal in Sukanya Samridhi Yojana account…

Ssy allows for a pre mature withdrawal on certain conditions.

You can withdraw upto 50 of the corpus for girl child higher education.

For this purpose previous financial year balance will be considered.

If your previous year balance is 20 lakh, You can withdraw 50% i.e upto 10 lakh from this account.

However, such withdrawal will be allowed if the girt child attains age of 18 years or completes 10th standard, whichever is earlier.

Moreover, You have to provide the actual fee receipt for the purpose of the withdrawal.

Defaul Account will earn savings interest rate after 15 years…

The minimum yearly contibution to this account is Rs.250 per year.

If You fail to contribute the minimum amount, then this account will be considred default account.

However,  account can be re activate by paying Rs.50 penal fee per year.

And if the default is not regularized untill 15 years from the date of account opening.

Then such account will only get post office saving account interest including the contributions made till the date of default.

So, its better not to default your ssy account upto 15 years.

Howver, this rule does not applicable to the ssy accounts which defaulted due to the death of the account holder.

No Interest after Maturity…

You know that the sukanaya samridhi yojana account get matured after 21 years of account opening or when the girl when the girl child attains the age of 18 years of age.

Many people will feel that the ssy account interst is tax free.

Hence they try not  to withdraw the ssy amount on maturity.

But ssy will not give not even Rs.1 as interest after maturity.

So, its better to withdraw maturity amount immediately after maturity of ssy.

Can You contribute more than 1.5 lakh to ssy?…

Maximum contibution allowed in ssy is 1.5 lakh per financial year.

I.e from 1st april  to 31st march, You can contibute 1.5 in a f.y.

Banks or post offices will not accept more than 1.5 per financial in a year.

However, If you deposit due any error, then such amount will not earn any interest.

Moreover, such extra contribution can be withdrawn at any point of time.

So, its better to keep an eye your yearly contribution towards your sukanya samridhi yojana account.

Also read, why giving “tithe” will make you poor?