{"id":7630,"date":"2025-07-11T07:17:19","date_gmt":"2025-07-11T07:17:19","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7630"},"modified":"2025-07-11T07:18:06","modified_gmt":"2025-07-11T07:18:06","slug":"ppf-vs-sukanya-samriddhi-account","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/ppf-vs-sukanya-samriddhi-account\/","title":{"rendered":"PPF vs Sukanya Samriddhi Account"},"content":{"rendered":"<p>Both <strong>PPF (Public Provident Fund)<\/strong> and <strong>SSY (Sukanya Samriddhi Yojana)<\/strong> are <strong>government savings schemes<\/strong>.<br>They are safe, give good interest, and help save <a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tax\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>tax<\/a>&mdash;but they are meant for <strong>different goals<\/strong>.<\/p>\n\n\n\n<p>Let&#x2019;s understand the key differences between them.<\/p>\n\n\n\n<h2 id=\"1-who-can-open-the-account\" class=\"wp-block-heading\"><strong>1. Who Can Open the Account?<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Feature<\/th><th><strong>PPF<\/strong><\/th><th><strong>SSY (Sukanya Samriddhi Yojana)<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Who can open?<\/td><td>Any Indian citizen<\/td><td>Parents\/guardians of a girl child (age &lt;10 yrs)<\/td><\/tr><tr><td>Account holder<\/td><td>Self or minor child<\/td><td>Only for girl child (maximum 2 daughters)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n\n\n\n<h2 id=\"2-purpose-of-the-scheme\" class=\"wp-block-heading\"><strong>2. Purpose of the Scheme<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PPF<\/strong> &#x2013; General long-term savings for anyone<\/li>\n\n\n\n<li><strong>SSY<\/strong> &#x2013; Specifically to save for a <strong>girl child&#x2019;s education and marriage<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 id=\"3-interest-rate-2025\" class=\"wp-block-heading\"><strong>3. Interest Rate (2025)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Feature<\/th><th><strong>PPF<\/strong><\/th><th><strong>SSY<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Interest Rate<\/td><td>7.1% p.a.<\/td><td>8.2% p.a. (higher)<\/td><\/tr><tr><td>Interest Type<\/td><td>Compound yearly<\/td><td>Compound yearly<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>(Subject to change quarterly by the government)<\/p>\n\n\n\n<h2 id=\"4-tax-benefits\" class=\"wp-block-heading\"><strong>4. Tax Benefits<\/strong><\/h2>\n\n\n\n<p><strong>Both PPF and SSY are EEE<\/strong><br>(Exempt-Exempt-Exempt)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Contributions are tax-deductible under <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/section-80c\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Section 80C<\/a><\/li>\n\n\n\n<li>Interest earned is tax-free<\/li>\n\n\n\n<li>Maturity amount is tax-free<\/li>\n<\/ul>\n\n\n\n<h2 id=\"5-deposit-rules\" class=\"wp-block-heading\"><strong>5. Deposit Rules<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Feature<\/th><th><strong>PPF<\/strong><\/th><th><strong>SSY<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Min deposit<\/td><td>&#x20B9;500\/year<\/td><td>&#x20B9;250\/year<\/td><\/tr><tr><td>Max deposit<\/td><td>&#x20B9;1.5 lakh\/year<\/td><td>&#x20B9;1.5 lakh\/year<\/td><\/tr><tr><td>Duration<\/td><td>15 years (extendable)<\/td><td>Till 21 years from account opening<\/td><\/tr><tr><td>Lock-in period<\/td><td>Full term (partial allowed)<\/td><td>Full term (partial after age 18)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"6-withdrawal-rules\" class=\"wp-block-heading\"><strong>6. Withdrawal Rules<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PPF<\/strong>: Partial withdrawal allowed after 7 years<\/li>\n\n\n\n<li><strong>SSY<\/strong>: Partial withdrawal allowed after girl turns 18 (for education or marriage)<\/li>\n<\/ul>\n\n\n\n<h2 id=\"7-premature-closure\" class=\"wp-block-heading\"><strong>7. Premature Closure<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PPF<\/strong>: Allowed for serious illness or higher education<\/li>\n\n\n\n<li><strong>SSY<\/strong>: Allowed only under specific conditions like death of account holder or marriage after 18<\/li>\n<\/ul>\n\n\n\n<h2 id=\"which-one-should-you-choose\" class=\"wp-block-heading\"><strong>Which One Should You Choose?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Choose <strong>PPF<\/strong> if you want a <strong>flexible, long-term, safe savings option<\/strong> for yourself or your child (boy or girl).<\/li>\n\n\n\n<li>Choose <strong>SSY<\/strong> if you have a <strong>young daughter<\/strong> and want to <strong>secure her future education\/marriage<\/strong> with a higher interest rate.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"real-life-tip\" class=\"wp-block-heading\"><strong>Real-Life Tip<\/strong><\/h2>\n\n\n\n<p>Many families open <strong>both<\/strong> accounts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SSY<\/strong> for their daughter<\/li>\n\n\n\n<li><strong>PPF<\/strong> for themselves or their son&#x2014;to grow wealth safely and save on taxes<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Both PPF (Public Provident Fund) and SSY (Sukanya Samriddhi Yojana) are government savings schemes.They are safe, give good interest, and help save tax&#x2014;but they are meant for different goals. Let&#x2019;s understand the key differences between them. 1. Who Can Open the Account? Feature PPF SSY (Sukanya Samriddhi Yojana) Who can open? Any Indian citizen Parents\/guardians [&#x2026;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7630","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7630\/revisions"}],"predecessor-version":[{"id":7632,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7630\/revisions\/7632"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}