Features of Child Savings Deposit Scheme
Minimum Amount of deposit is Rs.100
No limit for maximum daily deposit amount
ROI 5% per annum
1 )Benefits
- By this Scheme every child can save more money in his life.
- No limit for maximum daily deposit amount.
- withdrawal facility is available at any time.
2) Rate of Interest
- Depositor will get 5% interest per annum.
3 ) Eligibility
- Any individual who is resident of India.
- No age limit.
4) Documentation & Security
- Identity Proof of depositor.
- Address proof of depositor.
- In case of minor, guardian’s documents & signature is required.
5)Pledging Of Deposit
- No Loan facility available in this scheme.