Investment
Secure
Download the Policybazaar app
to manage all your insurance needs.
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana vs PPF
When parents plan for their daughter’s future, they look for factors like stable investments, assured returns and flexibility. Thanks to government-backed schemes such as Sukanya Samriddhi Yojana and Public Provident Fund, which suits the goal. While both schemes are similar in terms of tax treatment they receive, they differ when it comes to interest rates, flexibility and eligibility. If you are wondering which one of them will be a better child plan, this guide will address the same in detail.
Current interest rate
8.2%
Highest among all small savings schemes
Tax Benefit
₹1.5L
Annual deduction under Section 123 (formerly 80C)
Maturity At
21yrs
Or on her marriage after age 18
Flexible contribution
Start with ₹250 and invest up to ₹1.5L per year.
Sovereign guarantee
Backed by Government of India - zero default risk.
Triple tax benefit
EEE status - exempt on deposit, interest & maturity.
Partial withdrawal
Withdraw up to 50% after age 18 for higher education.
See how much your daughter will receive at maturity
Adjust the sliders to set the investment amount & her age
- ₹250
- ₹1,50,000
Yrs
- Newborn
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10 Yrs
Yrs
Calculate Now
-
Home
-
Child Plans
-
Sukanya Samriddhi Yojana
- Sukanya Samriddhi Yojana vs Public Provident Fund
Sukanya Samriddhi Yojana Calculator
Latest SSY interest rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly
- ₹250
- ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
*for market linked plans only
Comparison Between SSY and PPF
The table below gives a quick comparison of the PPF and SSY schemes on different factors such as interest rates, eligibility, maturity period, etc.
| Factors | SSY | PPF |
| Eligibility | Girl child under 10 years | Any Indian citizen, no age bar |
| Minimum investment | ₹250 | ₹500 |
| Maximum investment | ₹1.5 Lakh | ₹1.5 Lakh |
| Interest Rate* | 8.2% | 7.1% |
| Lock in | 21 years | 15 years |
| Tax Benefits | EEE status | EEE status |
| Partial Withdrawal | Allowed with conditions | Allowed from the 7th FY |
*Interest rates are revised from time to time by the government, above shown interest rate is for Quarter 2, 2026-27.
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is one of the best child plans in India. The investment plan can be used to plan for your daughter's future, be it education or marriage.
- Girl children under 10 years of age are eligible to be enrolled under this scheme.
- Parents can start investing in the Sukanya Samriddhi account with as low as ₹250 and maximum ₹1.5 lakh in a financial year.
- The scheme offers tax deduction under Section 80C
- The maturity period for SSY is 21 years.
- The current interest rate for SSY is 8.2% per annum.
- You can also partially withdraw your fund to fund your daughter’s higher education.
What is Public Provident Fund
PPF is similar to SSY in many ways, but it differs in terms of the purpose, interest rate and other factors. Unlike SSY, which is specifically designed for girl children, PPF caters to many age groups.
- Indian citizens, irrespective of their age can enrol in the scheme.
- You can invest with an amount as low as ₹500 and maximum of ₹1.5 lakhs in a financial year.
- The current interest rate set for PPF is 7.1%.
- Like SSY, PPF is also eligible for tax deduction under Section 80C, with an EEE status.
- The lock-in period for PPF is 15 years but you can partially withdraw your funds from the 7th financial year.
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
SSY vs PPF: Historical Interest Rate Comparison
Interest rate comparison between child plan like Sukanya Samriddhi Yojana and PPF over 10 year period is shown in the table below:
| Period | Sukanya Samriddhi Yojana | Public Provident Fund |
| 01 Jan 2024 – 30 Sep 2026 | 8.2% | 7.1% |
| 01 Jul 2019 – 31 Mar 2020 | 8.4% | 7.9% |
| 01 Oct 2018 – 30 Jun 2019 | 8.5% | 8.0% |
| 01 Jan 2018 – 30 Sep 2018 | 8.1% | 7.6% |
| 01 Jul 2017 – 31 Dec 2017 | 8.3% | 7.8% |
| 01 Apr 2017 – 30 Jun 2017 | 8.4% | 7.9% |
| 01 Oct 2016 – 31 Mar 2017 | 8.5% | 8.0% |
| 01 Apr 2016 – 30 Sep 2016 | 8.6% | 8.1% |
According to the above table:
- SSY interest rate has constantly hovered above 8% throughout the last 10 years.
- The interest rate for PPF has also hovered near 8% until the COVID-19 breakout in 2020, after which it fell to 7.1%.
- This analysis shows that people can choose the SSY for the better and more stable interest rate it has offered over the years.
Banks Offering SSY
SSY Calculators
Indian Overseas Bank Sukanya Samriddhi Yojana
IndusInd Bank Sukanya Samriddhi Yojana
Yes Bank Sukanya Samriddhi Yojana
Bank of India Sukanya Samriddhi Yojana
Kotak Bank Sukanya Samriddhi Account
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
IDBI Bank Sukanya Samriddhi Yojana
Expand
Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana- Central Bank of India Calculator
Canara Bank- Sukanya Samriddhi Yojana Calculator
Bank of Maharashtra- Sukanya Yojana Calculator
Sukanya Samriddhi Yojana Calculator Bank of India
Sukanya Samriddhi Yojana Calculator - Union Bank
Sukanya Samriddhi Yojana Calculator-UCO Bank
Sukanya Samriddhi Yojana Calculator - State Bank of India
Expand
Which One is Better: SSY or PPF?
Both investment options are good for different purposes, which are given in the table below:
| Goal | Option |
| Parent of girl below 10 planning child’s future | SSY |
| Want flexibility | PPF |
| Saving for retirement | PPF |
| Saving for daughter's marriage | SSY |
| Need liquidity | PPF |
| Want highest guaranteed return | SSY |
| Want both education and retirement planning | Both |
FAQs
-
Which scheme should I choose for the most tax savings?
Both the SSY and PPF receive the same tax treatment under EEE status. Means they are completely tax-free from deposit to maturity. -
Can I invest in PPF and SSY together?
Yes, you can invest in PPF and Sukanya Samriddhi Yojana together as there is no restriction. You can invest in SSY for your child’s future while investing in PPF covers your retirement plan. -
Can I extend my PPF account after maturity?
Yes, you can extend your PPF account after the completion of the maturity period of 15 years in 5 years blocks. -
Is Sukanya Samriddhi scheme better than PPF?
If your goal is to secure the future of your girl child, then SSY is specifically designed for that purpose and will be a better fit than PPF. On top of that, it offers a historically better interest rate than PPF, though this is subject to rate revisions by the government. -
Can I close my SSY account before the maturity period?
Yes, the Sukanya Samriddhi Account can be closed prematurely on the condition that the policyholder gets married after turning 18 years. Similarly, PPF accounts can also be prematurely closed after 5 financial years.
Investment
Secure
Secure your Child’s
Career Goal
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Insurers Offering Child Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Child plans Articles
Recent Articles
Popular Articles
10 Aug 2026
Sukanya Samriddhi Yojana is a government-backed scheme designed
10 Aug 2026
The Sukanya Samriddhi Yojana is a government-backed small
30 Jul 2026
Sukanya Samriddhi Yojana is one of the best government-backed
20 Jul 2026
Ladli Lakshmi Yojana online application makes it easier for
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.