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5.5%First documentFD for Child: Best Fixed Diposit Schemes, Rates & Benefits in IndiaOpen original ↗
Second documentSavings Plans & Schemes for a Debt-Free College EducationOpen original ↗
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Child Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Savings and Investment Plans from Canara HSBC Life Insurance
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
What is an Fixed Deposit for Child and Why Should You Opt for it?
A Fixed Deposit for a child is a secure savings option that helps parents build a dedicated fund for their child’s future needs. They work just like your regular fixed deposit, but there’s a slight difference between the two. These accounts are opened in the name of a minor with a parent or guardian as the authorised operator.
5 Investments for Your Child’s Higher Education
Fixed Deposit for Minors: A Fixed Deposit (FD) in your child’s name is a safe and disciplined way to build a corpus for future education costs. Banks and post offices offer special FD accounts for minors with attractive interest rates. You can choose the deposit term so that the maturity aligns with your child’s college years. Partial withdrawal is usually allowed in emergencies, and the interest earned can help beat moderate inflation. The FD amount is paid out to the child or guardian when it matures.