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Ask your Question    (100 characters left) Search for questions:      Advanced Credit Cards Car Loans Home Loans Personal Loan Education Loans Fixed Deposits Savings Accounts Miscellaneous Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate Resolved Question: Show me another my child is ten years old i want to keep fixed diposite in her name 5000rupees after 5years how many In Fixed Deposits  -  Asked by Rafco -  1 year ago Best Answer: You can fixed deposit on behalf of your child. You or anybody you want to be her guardian will be responsible until the child attains the age of 18 or as per bank rule. You can calculate the interest using Fixed Deposit Interest Income Calculator . The calculator is given on rupeetimes.com. To know which bank is offering Best FD rates visit rupeetimes.com. 1 year ago - By Simi Other Answers (3) show: Newest to Oldest Oldest to Newest Answer 1. It will be 7346/-. However, I fail to understand what financial security can be provided to a girl child with this paltryamount. People think that just by investing in a child's name, they have fulfilled their reponsibility. I am sorry but this is not the way to secure a child's future. Investments are to be made according to the tenure/period avaible to achieve a particular goal. This will let you know, what rate of returns is required for that particular goal. Then to achieve that rate of return what are the good investment avenues. Short term requirement can be taken care of by investing in debt instruments like liquid funds, income funds, FDs, etc. Long term requirements with equities/equity mutual funds, etc. If you can afford to reach your target by investing in debt, its fine. OK. Suppose you need Rs. 10 lacs for you child say after 10 years for higher education, then..... - At 8% you need to invest 5500/- per month. If taxation (30%) is considered, then you need to invest 6300/- per month to reach the target. OR - At 14% you need to invest just 3800/- per month !! 1 year ago - By Atul Mishra Answer 2. It is better to invest some amount in child name it secures his/her future and the amount can be used for various purposes. 1 year ago - By Bebo Answer 3. You must invest with nationalized bank it is safe. The FD interest income is taxable after maturity if the amount is coming in range of tax you can break the amount and invest. 1 year ago - By Jonty Answer: Open Questions Fixed Deposits for those having age of 55 and above i want know my account balance in sbi Hi , I am planning to invest 1.5 lakhs for my new born daughter , can you please suggest best plan. i would like deposit 15 lak for 5 year but i need to get monthly interest how much percentage If i deposit Rs.250000 as FD FOR 3 years in SC ac how much i willget end of 3rd year? View All Discover: Resolved Questions which scheme of interest rate is better between compounding and fixed interest rate on fixed deposit I want 2 lakh rupees invest in fixed how much interest will get in per month i want to open fixed deposit of rupees 10000/- in sbi. how much interest rate for this amont i want to invest Rs 20,000.00....which scheme and Bank will give me more interest rate. I will keep 50k as FD in any Bank for 15 years. How much i will receive after 15 years in hand. View All Vote: Undecided Questions No question found. COMPARE RATES Get best FD rates Best FD rates by banks Compare Car Loan Rates for a used car Get best bank for Home Loan Show All... COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATORS Fixed Deposit Interest Income Calculator Credit Card Balance Transfer Savings Calculator Car Loan Amount by EMI Calculator Car Loan Amount by Down Payment Calculator More Calculators... CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   NEWS THIS WEEK • FCNR (B) deposit rates revised by Vijaya Bank Feb 9, 2012 • RBI instruct banks to display details of unclaimed deposits on their websites Feb 8, 2012 • Doorstep banking facility launched by YES Bank Feb 8, 2012 • Manappuram Finance and Manappuram Agro Farms banned from accepting deposits by RBI Feb 7, 2012 • Demand put forward to reduce working days in banking industry Feb 7, 2012 News Archive EDITORS' PICKS Regular fixed deposits in India: Great way... Credit profile and its effect on loan... Carnival of Indian Personal Finance Blogs #4 Haven’t filed a return of your income?... Fixed deposits in India: Benefits,...

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