If you are looking for a good investment plan for children, then there are some schemes that can be a better investment option for children.
Schemes For Kids: Planning investment for the future of children is not an easy thing. There are many types of children investment plans available today, but it is not easy to trust all of them. The Government of India runs many such schemes through the post office, for which parents can open accounts in the name of children and invest. We are going to tell you about some such schemes.
This scheme is a better option for long-term investment
If you are looking for a long term investment plan, then Public Provident Fund (PPF) of the post office can be a better option for you. The scheme matures in 15 years. Presently it is getting 8.75 per cent interest annually.
This scheme is special for girls
This is one of the special schemes of the Government of India, which is specially run for the girls. Guardian account can be opened in the name of daughters of 10 years or less. The scheme can be started with just Rs.1000. At the same time, the maximum investment limit is Rs 1.5 lakh. At present, 8.6% interest is being received under the scheme.
Start with an investment of Rs 100
National Savings Certificate can become a better investment option for children. This scheme matures in 5 years. At present, 8.10 percent interest is being received under the scheme. An account can be opened with an investment of just Rs.100.
Recurring deposit is also a better option
Investing in recurring deposits for children can also be a better option. These days many people prefer to invest in Recurring Deposits. Post office also runs recurring deposit scheme. Parents can open an account under this scheme in the name of their children.
