It is a long term recurring Deposit scheme with variable monthly deposits. The interest on deposit is calculated as the minimum monthly balance between the 10th and the last day of a month, and is credited to the account every half year. The amount deposited will attract interest as applicable to Term Deposits. The Yojana is best suited to shaping a bright future for your child. A long term fixed deposit scheme.
Interest is compounded every quarter by way of reinvestment.
Thus the scheme generates a large sum of money at the time of maturity. The scheme meets the need for a safe long term investment. It is indeed a matchless scheme to take care of your emergency needs. The scheme enables you to become a Lakhpati in 9 years. You have several options to choose from for depositing your money.