PPF Vs Sukanya Samriddhi Yojana: If you also want to make a secure investment and want to protect the future of your children, then this news is for you only. Let us know which one is better for you in PPF and Sukanya Samriddhi Yojana.
PPF Vs Sukanya Samriddhi Yojana Calculation: If you also want to invest for the bright future of your child, then definitely read this special news. Both PPF and Sukanya Samriddhi Yojana are very popular investments, by investing in which you can earn better profits. By investing in both Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF), your money remains safe and good returns are also available. But there is a dilemma among people that which of these two is better. Let us understand by calculation.
Both government schemes popular
You can invest in PPF in the name of anyone, but Sukanya Samriddhi Yojana (SSY) is a popular scheme of the central government in which you can invest only in the name of your beloved. In this, you get good profits on maturity.
PPF or Sukanya Samriddhi Yojana
Currently, the interest rate on PPF is 7.1 percent, while the interest rate on Sukanya Samriddhi Yojana (SSY) is 7.6 percent. In such a situation, you will definitely feel that Sukanya Samriddhi Yojana (SSY) is better. But it is not like that at all. Actually, you should invest in both the schemes. Despite getting less interest in PPF, one should definitely invest.
What are the benefits of investing in PPF?
Actually, PPF has a lock-in period of 15 years. You can extend it further for 5-5 years after 15 years according to your own calculation and desire. It is a safe and secure investment. The most important thing is that by investing in both these schemes, you get exemption on investment up to 1.5 lakh under Section 80C of Income Tax.
Benefits of investing in Sukanya Samriddhi Yojana
If you want to invest in Sukanya Samriddhi Yojana (SSY), then you can deposit a minimum of Rs 250 and a maximum of Rs 1.50 lakh. Actually, this scheme has been brought especially for girls. This is the reason why more interest is given in this than PPF. You can invest in this scheme till the age of your daughter is 15 years.
Who benefits how much?
Now let’s talk about the benefits. If you deposit Rs 1.50 lakh every year in PPF account, then you will get Rs 40.68 lakh on maturity of 15 years at the current rate of interest (7.1 percent), whereas if you deposit Rs 1.50 lakh every year in Sukanya Samriddhi Yojana (SSY) If you invest, you get 63 lakh 65 thousand rupees on the maturity of 21 years. In such a situation, if you invest in both these schemes, then you will get more benefits.
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