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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

Image: Shutterstock
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Image: Shutterstock

Deepesh Raghaw
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

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

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