If you deposit Rs 1.5 lakh every year, how much maturity will be in the Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana (SSY) one of the most reliable and profitable options for parents planning for their daughter’s future. If you plan to deposit a maximum of ₹150,000 annually, learn how much of a corpus you’ll have at maturity in 21 years, and why this scheme is a tax-saving and safe option.
The Sukanya Samriddhi Yojana interest rate for the quarter (October–December) of 2025 is fixed at 8.2% per annum. Interest at this rate is compounded annually and credited at the end of each financial year.
Calculation for an annual deposit of ₹1.5 lakh: Assume you deposited a maximum of ₹150,000 annually for 15 years, starting with the birth of your daughter. The deposit is allowed for 15 years, and the account matures at 21 years, meaning you don’t deposit any new money for the last six years, but the interest continues to accrue.
Total deposit amount (15 years) = Rs 1,50,000 × 15 years = Rs 22,50,000
Interest (8.2% annual, compounded) = Rs 49,32,119 (approximately)
Total maturity amount = Rs 71,82,119
That is, by depositing a total of Rs 22.5 lakh over 15 years, your daughter will receive approximately Rs 71.82 lakh at the age of 21, which will prove to be sufficient funds for education or marriage.
Tax Benefits and Other Benefits: Deposits made under the Sukanya Samriddhi Yojana are eligible for tax deduction under Section 80C. The biggest advantage of this scheme is that the interest is completely tax-free and the maturity amount is also tax-free, i.e., EEE (Exempt-Exempt-Exempt) tax treatment. Additionally, the minimum annual deposit in the Sukanya Samriddhi Yojana is ₹250, and the maximum can be made up to ₹1.5 lakh (per financial year).
