Can I open SSY for two daughters?

Yes, SSY allows one account per girl child, maximum two accounts (exception for twins/triplets as second birth).

What if my daughter turns 10?

SSY must be opened before the girl turns 10. After that, PPF is the next best option with similar tax benefits.

Can I open both SSY and PPF?

Yes! The combined 80C limit is ₹1.5L. You can split between SSY (for daughter) and PPF (for yourself).

Sukanya Samriddhi Yojana vs PPF

Compare SSY and PPF for your daughter's future — interest rates, tax benefits, and withdrawal rules.

Criteria	SSY (Sukanya Samriddhi)	PPF
Interest Rate	8.2% p.a.	7.1% p.a.
Eligibility	Girl child below 10 years	Any Indian resident
Maturity	21 years from opening	15 years (extendable)
Tax Status	EEE (fully tax-free)	EEE (fully tax-free)
Minimum Deposit	₹250/year	₹500/year
Maximum Deposit	₹1.5 lakh/year	₹1.5 lakh/year

Our Verdict

SSY offers 1.1% higher interest than PPF with the same EEE tax status. If you have a daughter under 10, SSY is clearly better for her education and marriage fund. For general savings, PPF remains the universal choice.

Detailed Analysis

SSY is a government scheme specifically designed for the girl child's financial security, offering the highest interest rate among small savings schemes.

SSY gives 8.2% with EEE status — the best guaranteed return available for any government-backed scheme. Deposits are required for only 15 years, but the account matures after 21 years, allowing interest to compound further. Partial withdrawal (50%) is allowed after the girl turns 18 for education.

PPF at 7.1% is more flexible in terms of eligibility and usage. Anyone can open a PPF account, and the maturity proceeds can be used for any purpose.

Sukanya Samriddhi Yojana vs PPF

Our Verdict

Detailed Analysis

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