Yes, you can make a premature withdrawal before maturity from your SSY account. However, you can make a premature withdrawal after the completion of 5 years from the date of account opening. Moreover, additional conditions must be met before making a withdrawal. Premature withdrawal is allowed on the death of an account holder or on extreme compassionate grounds. A premature withdrawal is also allowed on the life-threatening disease of the account holder, on the death of the guardian who operated the account.