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
Image: Shutterstock
Web Exclusive Premium

Image: Shutterstock

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.

Also Read

PPF and Sukanya Samriddhi are most attractive in small-savings basket

PFRDA expects AUM of Rs 9 trillion by end of FY23, shows data

Centre to soon launch 600 Kisan Samriddhi Kendras to benefit farmers

Old income tax regime vs new income tax regime: Which one is better?

Experts raise several red flags around section 194R of the Income Tax Act

How health check-up, insurance premium can help you in saving tax

Cut financial flab to navigate your way through a turbulent job market

Taxes, incentives, reforms: How to read this year's Budget document

Financial resolutions for 2023: 6 ways to get your finances in shape

Listen to the expert: Why a professional investment advisor matters

First Published: Feb 24 2023 | 7:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to