Planning for a child's future is among the most substantial financial responsibilities. As education expenses continue to increase, it is vital to have a strong savings strategy in place. Investing in a child plan fixed deposit is among the best ways to secure the child's financial future. This plan guarantees disciplined savings and a secure and fixed return over a period, making it a desired choice for parents.
How to Maximize the Benefits of a Child Plan Fixed Deposit?
To make the most of a child plan FD, consider the following:
-
Start Early: The earlier you begin, the more time the money has to increase. Beginning the fixed deposit plan when the child is young gives you more flexibility in selecting more prolonged tenure choices with the highest returns.
-
Choose Auto-Renewal: If the deposit grows before you require the funds, select auto-renewal to continue gaining interest without interruption.
-
Diversify Savings: While a child plan fixed deposit is a secure investment, consider supplementing it with other investment choices such as education plans or mutual funds to diversify and maximize the child's economic safety net.
Why Choose Us?
Samridh Bharat Co-operative Thrift & Credit Society strives to stimulate economic savings and make assets for individuals and their families. Our FD schemes provide higher interest rates than private & public sector banks. Depending on the investment period, you can earn 10.5% to 12.25% annual interest on your deposit.
We also start Swarnim Bhavishya Yojna for your fixed deposit plan for the child. This attractive savings scheme helps parents in saving their child's fortune. Under this plan, you can pay a lump sum of Rs. 10,000 and get ten times the deposited amount after 19 years.
Our deposit scheme includes investment schedules for children and permits early principal withdrawal. According to the plan terms, attractive interest is consistently earned before withdrawal.
To learn more about child plan fixed deposits, contact us at 91 9667847771 or +91 9667837771.