As a parent, it’s natural to think about your child’s future. Some parents often look forward to decent investments that can provide good interest rates. But even after opting for such investments, they often face disappointment. The reason behind this is the low interest rates offered by traditional financial institutions.
For this reason, the child plan fixed deposits in Delhi with higher interest rates is the only hope for such individuals. Such plans help compound the money over the year to generate a decent amount of money by the time a child needs it.
The Need for Children's Fixed Deposit Schemes
As the inflation rate rises, it increases the cost of everything, including the child’s education. When an individual has a fixed deposit (FD) since the birth of their child, it can provide a significant amount of financial aid to their children.
Why Avoid Regular FD Schemes?
The regular fixed deposit schemes for children in Delhi offer lower interest rates that cannot generate a satisfactory outcome. Moreover, their interest rates also cannot keep up with the rising inflation.
If the FD is providing you 4% annual interest rate but the inflation is at 6%, then you’re actually losing 2% of the money’s value. The amount will look more in the bank account, but its actual power will be less due to inflation.
And when this repeats over and over again thoroughly a period of time, the money may lose half of its value to inflation. For this reason, it’s wise to look forward to better investment options.
Cooperative Societies - A Reliable Way of Investment
Cooperative societies, like Samridh Bharat, are a trustworthy source of children’s fixed deposit schemes in Delhi with higher interest rates. With ideal interest rates that can beat inflation, a cooperative society offers a secure and guaranteed financial future for the children.
Benefits of a Cooperative Society
There are several benefits of choosing a cooperative society for fixed deposits, such as:
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Individuals can choose the flexible tenure of their FD that can match the child’s education
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There are no taxes on the earned interest through fixed deposits
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Guaranteed returns on the investments
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Less paperwork is required to open a fixed deposit account
Why Choose Samridh Bharat Cooperative Thrift & Credit Society?
Samridh Bharat is a trusted and reliable cooperative society in Delhi that operates under the Delhi Cooperative Societies Act (DCSA), 2003. This makes our cooperative society well-regulated by the government to ensure the safety and security of your investments.
With Samridh Bharat, you can earn an interest of up to 12.82% per annum. Also, you can withdraw your investment prematurely with the applicable interest rate.
Samridh Bharat Swarnim Bhavishya Yojna
It’s a long-term investment plan offered by Samridh Bharat. After 19 years, an individual can get a 10x return on their investment. For example, if you invest 1,00,000 for 19 years in this scheme, you’ll get 10,00,000 after the tenure is over.
For more information or to open a child plan fixed deposit in Delhi, call us at +91 9667847771. Alternatively, you can also send a message on WhatsApp at +91 9667837771.