New Delhi, Oct. 4 -- Welcoming a baby daughter can mark the beginning of saving for her future. Sukanya Samriddhi Yojana offers a way to build money for education and other future needs. If you start at her birth, the account's 21-year term aligns with her 21st birthday.

An annual investment of Rs.1.5 lakh in SSY could grow to around Rs.71.8 lakh. This estimate assumes an annual interest rate of 8.2% throughout the investment period. Your total contribution would be Rs.22.5 lakh. The remaining Rs.49.3 lakh would come from interest.

These figures imply annual contributions of Rs.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. ...