Can I deposit ₹10 lakh in Sukanya Samriddhi Yojana?

No, you cannot deposit ₹10 lakh in the Sukanya Samriddhi Yojana. The maximum limit for annual contributions is ₹1.5 lakh per financial year. This means you can only deposit up to ₹1.5 lakhs within a year, but you can contribute multiple times throughout the year as long as the total does not exceed this limit. Knowing the deposit limit helps you comply with the scheme's regulations and avoid any potential issues in the future. The SSY is specifically designed to encourage saving for a girl child's future, focusing on manageable contributions within defined limits. You can use an online Sukanya Samriddhi Yojana Calculator to understand your savings based on your deposits.