One of the most popular savings schemes from Post Office are Sukanya Samriddhi Yojana (SSA) and Public Provident Fund (PPF) scheme. Apart from the similarities like investment and investment tenure, there are some similarities between these two schemes. You can get more than two and a half times returns by investing the same amount and same period in the Sukanya Samriddhi Yojana account opened for your daughter below 10 years of age.

These two schemes can be started in any post office or bank in the country. Both PPF and SSA have to be invested for 15 years, and the annual maximum limit of investment is also the same, i.e. ₹ 1,50,000. So, if you invest a maximum of 15 years regularly, the total investment in both the schemes can be Rs. 22,50,000.

There can be no stress about the safety of investment in PPF and SSA, which are included in the small savings schemes guaranteed by the Government of India, Currently, 7.1% per annum is being paid on PPF account and 8.2% per annum on SSA account.

Investments in both PPF and SSA schemes result in income tax savings every year, the interest credited to the account every year is taxable, and finally there is no tax to be paid on the amount received on maturity. Both small savings schemes promote long-term investment, and build a sizeable corpus for future needs. A maximum of Rs.1,50,000 can be invested in PPF and SSA per annum, and both have to be invested for 15 consecutive years. The only difference is that after investing for 15 years in PPF, maturity also happens in 15 years, but after investing for 15 years in SSA, one has to wait for six years, because maturity happens in 21 years.