PPF Vs SSY: Sukanya Samriddhi Yojana or PPF, which one will give more benefits..

PPF Vs SSY: If you are thinking of investing for the bright future of your daughter, then you have many options. But today we will tell you about PPF (Public Provident Fund) and Sukanya Samriddhi Yojana. Both these schemes are very popular for investment. You should invest only after knowing the specialty of both these schemes and how much benefit you will get.

About PPF
PPF is a long-term investment scheme. This scheme has been started by the Central Government. The interest rates of this scheme are fixed and it has a lock-in period of 15 years.

The special thing about this scheme is that it provides the benefit of tax benefits. Scheme holders can claim for tax deduction under section 80C of the Income Tax Act.

In this scheme, there is no tax on the amount received after maturity and the interest earned. Even the facility of loan and pre-mature withdrawal is available in this scheme.

About Sukanya Samriddhi Yojana
This scheme has been started especially for daughters. In this scheme, you can invest in your daughter's education and marriage. This scheme gives more interest than PPF. The lock-in period of this scheme is 21 years. This means that you cannot withdraw money from Sukanya Account until your daughter turns 18 years old.

SSY is also a tax-free scheme. In this scheme also, there is no tax on the money and interest received on maturity. The special thing about this scheme is that it has to be invested only for 15 years.

PPF Vs SSY in which to invest?
If you are looking for a normal saving plan for your daughter, then you should invest in PPF. It also provides the facility of loan and pre-mature withdrawal. At the same time, if you are looking for a financially stable plan for your daughter's future, then SSY is the best option. In this, you can invest in your daughter's education, marriage, and overall empowerment.

Let us tell you that there is no risk in both these schemes and it is also tax-free. In this, the investor gets the benefit of guaranteed returns.

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