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Are there any fixed deposit schemes for Children's education?
-anjaneya reddy
In Fixed Deposits  -  Asked by Anjaneya Reddy -  3 years ago
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Answer 1.
Talking about traditional fixed deposit schemes there is no such scheme especially designed for children education. However banks in association with life insurance companies are providing such plans broadly called CHILD PLANS. SBI provides one such plan in two variants traditional plan by the name scholar II and the market linked variant called the smart scholar. There are a few advantages of the sbi product over others such as premium calculation at average age of father and son, which reduces the premium by a huge extent, premium waivor benefif and the like.
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