These banks implement attractive fixed deposit schemes for the bright future of children. If you do FD in the name of children, the future of children will be secure

Fixed Deposit Scheme For Kids:- Fixed Deposit is a risk-free option of investment and is also known as a popular type of investment on a large scale.

Through fixed deposit schemes, you can also secure your children’s future from a financial point of view. Currently, many banks in the country are offering special FD schemes for these children and good interest will also be obtained through this.

These FD schemes for children also offer more facilities as compared to regular fixed deposit schemes. In this, parents can invest in fixed deposits in favor of their children. So that it will not be a problem for the children when the financial need arises in the future.

These banks offer attractive interest schemes for children

1- State Bank of India- SBI i.e. State Bank of India is the largest bank in the country and special FD scheme for children is also being implemented through this bank. A minimum of one thousand rupees can be invested in this scheme and there is no limit on the maximum investment.

But if the investment is more than two crore rupees then it is called bulk deposit. Interest on this ranges from three percent to 7.10%. Minimum tenure of six months and maximum tenure of ten years has been given for this FD through State Bank.

2- YES BANK- Yes Bank, a major private sector player, also operates FD schemes for children with tenors ranging from seven days to ten years. If you look at the interest rate on this, it ranges from 3.25% to 7.50%. The minimum investment is ten thousand rupees and the maximum amount can be invested.

3- PNB Special FD Scheme– PNB i.e. Punjab National Bank is also running a special FD scheme for children and this FD scheme is named PNB Uttam Non Callable Fixed Deposit Yojana in which even ten year old children can benefit. The investment range in this scheme is from Rs 15 lakh to Rs 10 crore and the tenure is available from 91 days to 10 years.

4- Canara Bank Special FD- Canara Bank, a major public sector bank, also runs a special fixed deposit scheme for children, in which you can invest a minimum of Rs 1,000. Through this bank you can do FD for a period ranging from seven days to ten years and the interest rate on this is from 3.25% to 7.15%.

5- HDFC Bank Kids FD- HDFC Bank, the largest private bank in the country, has also launched a special scheme called HDFC Bank Kids Advantage Account.

And if you have a balance of 35 thousand rupees or more in the savings account, you can convert more than twenty five thousand rupees from the deposit into automatic fixed deposit. The duration of FD in this scheme is one year and one day.