PPF or Sukanya Samriddhi Yojana, Where to Invest? 

PPF or Public Provident Public and SSY or Sukanya Samriddhi Yojana are two Government-backed savings schemes to help you secure your financial future. Both these schemes are best to have a large corpus of funds at the time of retirement. However, SSY offers more interest rates than PPF. So, if you have any problem choosing any one between these two schemes, we are here to help.

PPF or Sukanya Samriddhi Yojana

What’s the Right Investment Option PPF or Sukanya Samridhi Yojana?


An SSY account can only be opened in the name of a girl child who is at least more than 10 years old. A family can open a maximum of two SSY accounts in the name of two girls. A third account can only be opened when twins are born the second time. Whereas for PPF there is no such condition.

Payment Lock-in Period

The maturity period for the Sukanya Samridhi Yojana is 21 years. On the other hand, your money will be locked in for 15 years. The only time when you can close an SSY account before maturity is when a girl aged 18 or above gets married. PPF subscribers can extend the scheme plan for 5 years over the initial term of 15 years.

Amount to Invest

For both the schemes the maximum investment amount is ₹1.5 lakh for a financial year. The minimum amount to invest in PPF is ₹500 and in SSY is ₹250.

Where to Open These Accounts

Both schemes can be opened either at a bank or post office. As a subscriber, you will have to choose where you want to open the account. To make it easier to manage your account you can choose a bank so that you can get better online services.

Also read:

Sukanya Samriddhi Yojana: Here’s How to Invest ₹10,000 and Get ₹52 Lakhs on Maturity

Withdrawal Rules

In the case of PPF, partial withdrawals are allowed in the seventh year. Whereas for SSY if you want a partial withdrawal before maturity then you should have a major reason. You can either get the amount if the girl is getting married or for her higher education.

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!