What is Sukanya Samriddhi Account?Category: GeneralCan I Open SSA Account for my only 2 months old daughter?
Mani asked 4 months ago

Hello,

My daughter is only 2 months old only and I have started thinking to start saving money for her right from now only. One my friend approached me for a child plan from LIC of India, but I am not sure whether it will be good.

Then I read your blog and know about Sukanya Samriddhi Account and found that is perfectly suitable for my daughters need. But I have few doubts about the scheme and need clarification.

  • Can I open this scheme at this age?
  • Just in case , in future , I don’t want to continue with this scheme , will I get something back or not?
  • In case I need some money in between years, can I withdraw money from SSA?