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An ideal scheme for investment on saving for children!
Posted on: 15/Sep/2021 1:33:05 PM
Currently, there are 2 schemes with good features worth investing for the Children’s Saving Scheme – The Children’s Saving Scheme is offered by the country’s premier Public Sector Bank – the State Bank of India (SBI) and the Post Office Sukanya Samanthi Yojana.
SBI children saving scheme is ‘Pehli Udaan’. The parent or the guardian can start the saving scheme for children.
Another scheme ‘Pehli Kadam’ is also available. In this scheme, children above 10 years of age can start investing in the scheme by themselves. The parents can guide them. An interest rate of 2.7% is offered in this scheme. An ATM Debit Card is also issued for this scheme. Cash of up to Rs. 5000/- can be withdrawn daily. Mobile Bank Service is also available. Up to Rs. 2000/- can be deposited daily. A chequebook is also issued for this scheme.
Sukanya Samanthi Yojajna Scheme is exclusively for girls! An account can be started when the girl is up to 10 years of age.
The parents or guardian of the girl can start the account under the girl’s name with the birth certificate.
The services for this scheme are available in several public and private sector banks. This account can be transferred anywhere throughout India.
7.6% Interest Rate is being offered. In financial years an investment ranging from Rs. 250/- to Rs. 1.5 Lakhs can be made.
