SUKANYA
SAMRIDHDHI - SSA ACCOUNT
CLOSING PROCEDURE IN POST OFFICE BEFORE MATURITY / DEATH OF ACCOUNT HOLDER
PREMATURE CLOSURE OF ACCOUNT
(1) In the event of death of
the account holder, the account shall be closed immediately on production of
death certificate issued by the competent authority, and the balance at the
credit of the account shall be paid along with interest till the month
preceding the month of premature closure of the account , to the guardian of
the account holder.
(2) Where the Central
Government is satisfied that operation or continuation of the account is
causing undue hardship to the account holder, it may, by order, for reasons to
be recorded in writing, allow pre-mature closure of the account only in cases
of extreme compassionate grounds such as medical support in life threatening
diseases, death, etc.
Parent or Guardian is unable to
continue the account in the event of death of account holder
As per the scheme, the account
would mature after 21 years from the date of opening of the account and a
partial amount of not more than 50% can be withdrawn after the girl attains an
age of 18 years either for the purpose of higher education or marriage.
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