| Recurring Deposit
A special recurring deposit can also be opened,
where you can decide the amount you’d like
your child to earn at the end of the tenure. Based
on the current interest rates, we will then calculate
the instalments to be deposited, from date till
maturity. For e.g. a monthly deposit of Rs.1500
becomes Rs.1,05,097* in 60 months. Besides, there
is no TDS on the interest earned.
* At existing ROI of 6%. ROI subject
to change without notice. However, ROI remains
the same throughout the tenure once the RD is
opened. |
