Sukanya Samriddhi Yojana: Annual deposit of ₹1.5 lakh may yield ₹71.8 lakh at maturity

An annual investment of ₹1.5 lakh in Sukanya Samriddhi Yojana could grow to around ₹71.8 lakh. This estimate assumes an annual interest rate of 8.2% throughout the investment period.

The total contribution would be ₹22.5 lakh. The remaining ₹49.3 lakh would come from interest. These figures imply annual contributions of ₹1.5 lakh for 15 years. The money then continues to grow over the remaining 6 years. Starting in 2026 would place maturity in 2047, after the full 21-year term.

₹71.8 lakh is an estimate, rather than a guaranteed final payment. The Ministry of Finance reviews the interest rate every quarter. Future changes could affect the amount received. The 8.2% annual rate applies to October through December 2026. Interest is compounded yearly.

Contributions can start at ₹250, with an annual maximum of ₹1.5 lakh. A smaller contribution would build a smaller final amount. Deposits qualify for an annual tax deduction of up to ₹1.5 lakh. Interest and maturity proceeds are also tax-exempt.

Up to 50% can be withdrawn after age 18 for higher education. Closure for marriage is also available after age 18. The investment term runs for 21 years from the opening date.