All about Sukanya Sambriddhi Yojana (SSY) and Public Provident Fund (PPF)
| Who Can Open Account | A Guardian of GIRL CHILD whose age below 10 years can open maximum of 2 accounts for 2 girl children. In the case of twins 3 accounts are allowed. | Any person completes 18 years of age can open one account and as a guardian for a minor child can open another account. |
| Min. - Max. Amt. | MIN 1000/- p.a. – max. 150000 p.a. | MIN. 500/- p.a. – max. 150000/- p.a. |
| Penalty | 50/- for each DEFAULT | 50/- for each DEFAULT |
| Deposits | No restrictions on number of deposits in a financial year | Only 12 deposits allowed in a Financial year |
| Maturity | 1. 21 years after opening or if the girl child gets marriage after 18 years whichever is first 2. Only girl child has the right to withdraw money on completion of maturity period |
After completion of 15 years of account opening |
| Extension after maturity | No extension allowed as of now | Can extend further for an unlimited times in a 5 year block from the maturity of 15 years |
| Income Tax Exemption | 1. 1.5 lakhs under 80C per Financial Year
2. EEE category Saving |
1. 1.5 lakhs under 80C per Financial Year
2. EEE category Saving |
| Partial Withdrawal | After completion of 18 years of the girl child or passes Xth standard can withdraw 50% of the amount for the purpose of higher studies | After completion of 7 years of account opening |
| Interest | Govt. decides interest rate on every quarter and announces a little higher interest rate than PPF | Govt. decides interest rate on every quarter |
| Loan | No loan facility available | Can avail loan facility after 3 years of opening account |