Is Sukanya samriddhi better than PPF?

Investing money is important. You should think about your financial goals, how much risk you are willing to take, and the interest rates you want. There are many investment options available, including the Sukanya Samriddhi Yojana Account (SSY) and the Public Provident Fund (PPF). Both are safe investments backed by the government.

The SSY is a good option for parents who want to save money for their daughter's future. The PPF is a good option for anyone who wants to save money for retirement.

Here are a few important ways the two plans are different:

• The SSY can only be opened in the name of a girl child under the age of 10. The PPF can be opened by anyone.
• The SSY has a tenure of 21 years, while the PPF has a tenure of 15 years.
• The maximum investment per year in the SSY is Rs. 1.5 lakh, while the maximum investment per year in the PPF is also Rs. 1.5 lakh.
• The interest rate on the SSY is currently 7.6%, while the interest rate on the PPF is currently 7.1%.
• Both the SSY and the PPF offer tax benefits under Section 80C of the Income Tax Act.

Also Read :- When will one lakh rupee become one crore rupee if I Invested in PPF?

Sukanya Samriddhi Yojana Account (SSY) and Public Provident Fund (PPF) are safest investment options provided by the Indian Government. These investment options having minimal risk factor.The Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF) are two government savings schemes that offer good interest rates. SSY(Sukanya Samriddhi Yojana) offers higher interest rates than PPF(Public Provident Fund).PPF is not a liquid investment.Sukanya Samriddhi Yojana is a girl child welfare scheme which helps to secure the future of a girl child, while PPF is a scheme that allows the depositors to earn tax-free interest. PPF account can be opened in almost all the public and private sector banks across India for a tenure of 15 years. Under the Sukanya Samriddhi Yojana, an account is open with the name of the girl in any of the private and public sector banks for a tenure of 21 years.SSY account can only be opened in the name of a girl child while a PPF account can be opened by anyone.