Sukanya Samriddhi Yojana: What are the latest guidelines for SSY accounts? Check here – Times of India

Sukanya Samriddhi Yojana latest guidelines: The Department of Economic Affairs, under the Finance Ministry, has recently released updated guidelines to address irregularities in small savings accounts opened under the National Savings Scheme (NSS).
If you have a Sukanya Samriddhi Yojana account, then it is important to know the latest guidelines for Sukanya Samriddhi Accounts that investors must adhere to:

Sukanya Samriddhi Yojana Latest Guidelines

The Sukanya Samriddhi Yojana account, a savings scheme designed by the Indian government to support a girl child’s financial stability for education and marriage, has specific guidelines for closure.
As per the circular, “it needs to be noted that the power to regularise irregular small savings accounts is vested with the Ministry of Finance. Therefore, all cases pertaining to irregular accounts should be forwarded to this division for regularisation by the Ministry of Finance.”
The circular further states, “Only on receipt of the concurrence Budget Division, DEA, Ministry of Finance for regularisation of irregular accounts opened under various National Small Schemes, the Offices shall settle those accounts following the mentioned guidelines.”
The Sukanya Samriddhi Yojana Plan has a set of rules established by the Government of India. These include a minimum deposit of Rs 250 per month and a maximum of 1.5 lakh, with an interest rate of 8.2% p.a for July to September (subject to change as per quarterly guidelines from GOI).
The account will mature after the completion of 21 years from the date of opening, and parents or guardians will operate the account until the child reaches 18 years of age.