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What If Father / Guardian Died? Sukanya Samriddhi Yojana Rules for Expiry of Father/Mother

Q & A ForumCategory: Post OfficeWhat If Father / Guardian Died? Sukanya Samriddhi Yojana Rules for Expiry of Father/Mother
Harish asked 1 year ago

Hi Santanu,

I have a query regarding the Sukanya account on occasion of unfortunate death. Does this account have any death insurance if the account holders father die before 14 years? In that case what will happen to this account?

Can someone take the role of depositor and make further deposits or need to break the account? In case the money is not withdrawn then will it get interest rate till maturity?

Besides that, is this plan enough or one have to buy an insurance also?

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What If Father / Guardian Died? Sukanya Samriddhi Yojana Rules for Expiry of Father/Mother
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1 Answers
Santanu Staff answered 5 months ago

In that case you have 2 options left, in case the father/mother or guardian died unfortunately.

  1. Change your guardian name by visiting to your nearest post office or bank
  2. Close Sukanya Samriddhi Account in case you don’t have the capacity to maintain the account by regular deposits. 
Answer for What If Father / Guardian Died? Sukanya Samriddhi Yojana Rules for Expiry of Father/Mother
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