Adani Enterp. 2537.45↑61.85(2.50%)
Adani Ports 724.50↑6.25(0.87%)
Apollo Hospitals 4568.15↑31.70(0.70%)
Asian Paints 3123.55↑22.05(0.71%)
Axis Bank 921.05↑3.35(0.37%)
B P C L 363.30↓0.00(0.00%)
Bajaj Auto 4644.00↑126.40(2.80%)
Bajaj Finance 6841.15↑55.20(0.81%)
Bajaj Finserv 1427.35↑0.90(0.06%)
Bharti Airtel 822.70↑21.30(2.66%)
Britannia Inds. 4563.30↑43.50(0.96%)
Cipla 945.45↑7.45(0.79%)
Coal India 240.05↓-0.95(-0.39%)
Divi's Lab. 3435.65↑52.50(1.55%)
Dr Reddy's Labs 4503.95↓-15.30(-0.34%)
Eicher Motors 3651.50↑40.60(1.12%)
Grasim Inds 1701.35↑1.00(0.06%)
H D F C 2647.40↓-24.35(-0.91%)
HCL Technologies 1116.00↑4.05(0.36%)
HDFC Bank 1609.60↓-6.20(-0.38%)
HDFC Life Insur. 572.05↑6.05(1.07%)
Hero Motocorp 2732.80↓-5.90(-0.22%)
Hind. Unilever 2597.25↓-17.70(-0.68%)
Hindalco Inds. 404.25↓-2.65(-0.65%)
ICICI Bank 939.85↓-0.80(-0.09%)
IndusInd Bank 1263.40↓-8.35(-0.66%)
Infosys 1304.35↑5.70(0.44%)
ITC 441.15↑7.65(1.76%)
JSW Steel 696.65↑0.65(0.09%)
Kotak Mah. Bank 1929.95↑19.60(1.03%)
Larsen & Toubro 2204.70↑19.55(0.89%)
M & M 1277.80↑2.10(0.16%)
Maruti Suzuki 9281.85↑11.10(0.12%)
Nestle India 21474.90↑94.30(0.44%)
NTPC 174.50↓-0.45(-0.26%)
O N G C 166.00↓-0.25(-0.15%)
Power Grid Corpn 237.95↑2.15(0.91%)
Reliance Industr 2439.95↓-0.30(-0.01%)
SBI Life Insuran 1177.35↑2.00(0.17%)
St Bk of India 581.25↓-1.45(-0.25%)
Sun Pharma.Inds. 945.00↓-7.15(-0.75%)
Tata Consumer 780.30↑9.15(1.19%)
Tata Motors 514.85↓-5.35(-1.03%)
Tata Steel 104.85↓-0.35(-0.33%)
TCS 3293.50↓-9.85(-0.30%)
Tech Mahindra 1098.10↓-0.65(-0.06%)
Titan Company 2707.95↑0.70(0.03%)
UltraTech Cem. 7621.75↓-32.05(-0.42%)
UPL 675.80↓-6.45(-0.95%)
Wipro 394.10↓-5.60(-1.40%)

PPF vs SSY: Where should you invest for your daughter's education?

While Sukanya Samriddhi Yojana offers a higher interest rate, PPF can be continued for a longer tenure and offers greater flexibility after 15 years

Deepesh Raghaw

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Image: Shutterstock

8 min read Last Updated : Feb 24 2023 | 7:48 PM IST

If you have recently welcomed a baby girl into your family, this is also the time when you should start investing for her education. The sooner you begin, the lower will be the burden on your pocket. The next question is where you should invest for this goal.

There are many products you can use: bank fixed deposits, recurring deposits, blue-chip stocks, mutual funds, unit linked insurance plans (Ulips), traditional insurance plans, or small savings schemes such as Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY).

Here, let’s focus on PPF and SSY. Both are risk-free products backed by the Government of India. Both fall under EEE (exempt-exempt-exempt) tax regime.