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Invest in Sukanya Samrudhi Yojana or PPF

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Invest in Sukanya Samrudhi Yojana or PPF 


You can invest in Sukanya Samrudhi Yojana or PPF for personal finance or daughter's future, you will get tax exemption on investment till July 30.


  •  The PPF account is earning 7.1 per cent interest
  •  Sukanya Samrudhi Yojana is earning 7.6 per cent interest per annum


 Special benefits connected with Sukanya Samrudhi Yojana

 The scheme can be opened anywhere in a bank or post office.  Sukanya Samrudhi Yojana is currently earning 7.6 per cent annual interest.

 An account can be opened for only Rs 250.  Under Sukanya Samrudhi Yojana, you can open an account before the age of 10 after the birth of a child. The account will mature after the girl turns 21 or the girl gets married and you will get all the money including interest.


 The Sukanya Samrudhi Yojana account can be used to withdraw up to 50 per cent of the cost of higher education for a child after the age of 18. In order to open an account, it is necessary to give the birth certificate of the child. In addition, proof of identity and address of the child and parents has to be given.

  Under Sukanya Samrudhi Yojana in the current financial year, up to Rs 1.5 lakh can be invested in this account in a year.

 The benefit of tax exemption under Section 80C of the Income Tax Act can be availed on investing money under Sukanya Samrudhi Yojana.
 Special things about PPF

 Where to invest?

 Income tax can be avoided by investing in both the places.  In addition, both schemes have their own merits and demerits.  If your daughter is less than 10 years old then it would be appropriate to invest in Sukanya Samrudhi Yojana as here you will get more interest than PPF.  Also, if your daughter is over 10 years old, you can invest in PPF.

Read in Gujarati: Click here



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