Comparison of Sukanya Samriddhi Yojana to PPF

Comparison of Sukanya Samriddhi Account Yojana to PPF

S.No Features Sukanya Samriddhi Account Yojana Public Providend Fund
1. Who can Open an Account Only for Girl child, Maximum for 3 girls Anyone can open account. Only 1 account per person
2. Age Eligibility 0 -10 years Any age
3. Frequency of Deposits Unlimited 12 per year
4. Interest Rate 8.4 % variable, Interest rate is linked with Yield of Government 10 year bond 75 basis points higher 7.9 % variable, Interest rate is linked with Yield of Government 10 year bond 25 basis points higher
5. Min & Max contribution Min Rs 1000/- per year

Max – Rs 1,50,000/- per year for each child

Min – Rs 500 per year

Max – Rs 1,50,000/- per year

6. Tax Benefit on Deposits, Interest earned and Maturity amount Tax free under Sec 80C Tax free under Sec 80C
7. Partial withdrawal 50% once only, after the Girl child attains 18 years of age, or passes 10th standard, whichever is earlier After 7 years of account opening
8. Maturity term 21 Years 15 Years
9. Online Facility No Yes
10. Loan Facility No Yes (Limited)
11. Liquidity Low Moderate

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