Hi Rekha,<a href="https://zfunds.in/m/sukanya-samriddhi-yojana-ssy">Sukanya Samridhi Yojana or SSY</a> is a scheme specially designed for the girl child. This scheme was introduced to encourage parents to start saving for their girl’s higher education or other future financial needs. The account can be opened before the child turns 10 years of age. The account will have a maturity of 21 years or till the marriage of the child. While the<a href="https://zfunds.in/m/public-provident-fund-ppf"> PPF or Public Provident</a> Fund is also a long tenure investment product. It comes with a lock-in period of 15 years which can be extended for 5 more years. PPF account can be availed by anyone irrespective of their gender.&nbsp;Both schemes are good in their own features.<a href="https://zfunds.in/m/sukanya-samriddhi-yojana-ssy"> Sukanya Samridhi Yojana</a> offers a 7.6% p.a. interest rate while<a href="https://zfunds.in/m/public-provident-fund-ppf"> PPF</a> gives a 7.1% p.a. Both the schemes give the tax deduction of the deposited amount up to Rs.1.5 lakh per financial year. The maturity period for SSY is of 21 years or till marriage and for PPF it is for 15 years which can be extended for 5 more years.Overall, we can conclude that SSY could be a good option for a girl child as it offers a high-interest rate, and for anyone else, PPF can be a good option.Also, investors can consider investing in mutual funds for their child’s financial needs or wealth creation purposes as they will be able to offer much higher returns than these traditional investment options.To know about SSY and PPF, you can read our article.<a href="https://zfunds.in/m/sukanya-samriddhi-yojana-ssy"> Click here</a> for SSY and<a href="https://zfunds.in/m/public-provident-fund-ppf"> click here</a> for PPF. <a href="https://zfunds.in/m/post-office-saving-schemes">Click here</a> to read the article on all the post office schemes with a detailed comparison.

Is sukanya samridhi yojana better than PPF? which is best

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