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Sukanya Samriddhi Yojana or PPF, know here where you will get better returns

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Sukanya Samriddhi Yojana and PPF (Public Provident Fund) are two better investment options.

Personal Finance: Sukanya Samriddhi Yojana and PPF (Public Provident Fund) are two better investment options. If you are the father of a baby girl, then you must have thought about Sukanya Samriddhi Yojana. People like to invest in PPF along with SSY, but who is better and gives good returns in both. We are telling you its complete details.




Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana was launched in 2015 under Mission Beti Bachao-Beti Padhao 6 years ago. According to the guidelines of this scheme, parents of 0-10 year old girl can deposit monthly or annual installment. After investment for 15 years, there is a waiting period of 6 years and after 21 years, money can be withdrawn for the education or marriage of the girl child. The scheme gets 7.6 percent interest.

These are the features of the scheme

At least 250 rupees have to be deposited in Sukanya Samriddhi account. Apart from this, maximum you can deposit up to Rs 1,50,000. In this, interest was being given at the rate of 7.6 percent, which is with income tax rebate. Under Sukanya Samriddhi Yojana, this account can be opened in any post office or authorized branch of commercial branch.

Public provident fund

The public provident fund is currently getting an interest of 7.1 per cent. The rate of interest is fixed every quarter on PPF. As of 31 March 2021, interest rates are being received at the rate of 7.1 per cent. Interest on PPF is 0.5 per cent lower than Sukanya Samriddhi Yojana but it does not mean that investing in PPF is a loss deal.

What to do for more profit

If you are planning to make a big amount through small savings, then it is better to invest in 2-3 schemes rather than investing in a single plan. Sukanya Samriddhi Yojana is a completely traditional plan. It has no link to the market. You should also invest a little in PPF and mutual funds. According to the Future Plan, investing a little in 2-3 schemes can give you more benefit.

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