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Is it Beneficial to Open Fixed Deposit Account in Minor’s Name?

Open Fixed Deposit Account in Minor’s Name Fixed deposits are a great tool for investment. It is among the most popular destinations for Indians to deposit their savings. The accounts offer flexibility in choosing tenures and deposit amounts, while offering returns at over 8% p.a. interest rate. Fixed deposits beat a savings account hands down, but is a fixed deposit the right choice for your child? Fixed deposit for minors Opening a fixed deposit account in a minor’s name is a simple process. As a parent/guardian, you can simply approachRead More


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